Saturday International Tax Gyan!! (SITG-197) #taxmadeeasy #taxinpic Ld. DRP cannot pass directions if Ld. AO has already passed final assessment order without waiting for directions and assessee had not informed AO regarding the objections filed before DRP. Cadmatic OY v. ACIT (Int Tax) – Circle-2(1)(1) ITA no.540/Mum./2023
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Acquisition of Immovable Property in India by Foreign Company” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!!(SITG-196) #taxmadeeasy #taxinpic Employment as mentioned in Section 6(1) of the Income Tax Act shall also include self-employment or people going outside India for business purpose. “Assistant Commissioner of Income-tax v. Nishant Kanodia” [2024] 158 taxmann.com 262 (Mumbai – Trib.)[08-01-2024]
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Non-Resident Ordinary Rupee Account Scheme – NRO Account” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!!(SITG-195) #taxmadeeasy #taxinpic Salary received by a Non-Resident Person in relation to employment exercised outside India would not be considered as income accrued or arise in India as per section 9 and Article 15 of India-Ireland DTAA “Anjali Puri Vs Deputy Commissioner of Income Tax”
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Issuance of Non-Convertible Debentures by Indian Companies to NRI” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!!(SITG-194) #taxmadeeasy #taxinpic In this SITG we shall discuss Non-taxability of IUC charges received by Non-Resident telecom operators from Indian company with the help of case law of “Deputy commissioner of Income -tax v Orange (formerly known as France Telecom)”
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Disinvestment by Resident pertaining to ODI” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG-193) #taxinpic #taxmadeeasy In this SITG we shall discuss various basic FAQs in relation to Non-residents and double taxation of various income
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Investment by Foreign Portfolio Investors (FPI)” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
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