Basic Concepts of Liberalized Remittance Scheme(LRS)”
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Basic Concepts of Liberalized Remittance Scheme(LRS)” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
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A guarantor is not require to deduct TDS on the purchase consideration paid by other entity (purchaser)
Saturday International Tax Gyan!! (SITG-177) #taxinpic #taxmadeeasy A person acting as a guarantor cannot be held liable for deducting TDS on payment made by the person in relation to whom guarantee has been given. Ingram Micro Inc Vs DCIT
GST ki गणित
GST ki गणित (GG-14) Last Date for Claiming ITC and Rectification of Returns – 30th November
Basic Concepts of Liberalized Remittance Scheme(LRS)
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Basic Concepts of Liberalized Remittance Scheme(LRS)” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Payment for domain registration & consideration will be considered as Royalty and FTS respectively
Saturday International Tax Gyan!! (SITG-176) #taxinpic #taxmadeeasy Amount received for domain name registration is considered as Royalty and amount received for web hosting service will be considered as FTS as per DTAA as well GoDaddy.com LLC Vs. DCIT
One Million Remittance Scheme
Dear all, This time we have come up with an interesting FEMA Provisions relating to “One Million Remittance Scheme”. #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
FTS from non-resident to Indian companies for business from India would be taxable in India
Saturday International Tax Gyan!! (SITG-175) #taxinpic #taxmadeeasy Payment made to non resident for technical services rendered outside India in relation to export by an Indian company would not fall within exception to FTS u/s 9(1)(vii)(b) Cadila Healthcare Ltd. Vs DCIT (IT) – 1
GST ki गणित
GST ki गणित (GG-14) Rule 37A – Applicable for F.Y. 2022-23
One Million Remittance Scheme
Dear all, This time we have come up with an interesting FEMA Provisions relating to “One Million Remittance Scheme”. #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
While determining taxability of a service from non resident each transaction needs to be seen separately
Saturday International Tax Gyan!! (SITG-174) #taxinpic #taxmadeeasy Amount received by an assessee for sale of software and its support services will not be taxable as Royalty or FTS under DTAA BMC Software Asia Pacific Pte Ltd. Vs ACIT (IT)