Budget 2022 – An Analysis by JSCO team
We Present the Preliminary Analysis of Important Tax changes announced in Budget 2022 on 01.02.2022 by our Finance Minister.
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Salaried employee is required to pay tax in the country where employment has been exercised.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Receipt of salary in India for service rendered in USA from sister concern of US employer, exempt from Indian taxation. [Neeraj Badaya v. Assistant Director of Income-tax, (International Taxation), Jaipur [2016] 67 taxmann.com 240 (Jaipur – Trib.)]
Payment made to non-resident for doing copy editing, indexing and proof-reading cannot be considered as fees for technical service.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Payment made to non-resident for doing copy editing, indexing and proof-reading cannot be considered as fees for technical service.
Payment Received for Granting of Access to Data-Base cannot be considered as ‘Royalty’: SITG
Saturday International Tax Gyan!! #taxmadeeasy #taxinpicTakeaway: Payment Received for Granting of Access to Data-Base cannot be considered as ‘Royalty’.
Understanding Tie-Breaker rule
Saturday International Tax Gyan!! #taxmadeeasy #taxinpicUnderstanding Tie breaker rule and it’s importance where a person becomes tax resident of two countries.
Aadhaar Authentication mandatory for filing refund application and revocation application w.e.f January 1st, 2022: Notification
CBIC has vide notification No. 35/2021-Central Tax has notified rules related to Mandatory Aadhar authentication for GST Refund application and GST for GST Registration Revocation application. Now CBIC has vide Notification No. 38/2021–Central Tax | Dated: 21st December, 2021 made these rules applicable w.e.f 1st Jan 2022. As per sub-rule (2), sub-rule (3), clause (i) …
PILCOM v. Commissioner of Income-tax, West Bengal-VII
Income covered under section 115BBA cannot claim benefit of DTAA at the time of tax deduction
GST Insights- October month
OCTOBER 2021- 30-10-2021QUICK VIEW Latest Changes in Compliances of GST Law Interesting latest case laws https://www.linkedin.com/feed/update/urn:li:activity:6863706465060888576
GST Insights
SEPTEMBER 2021- 15-9-2021 QUICK VIEW: Applicability of Rule 59(6) E-way blocking resumes for GST defaulters Interesting latest case laws Exemption under import & export of services https://www.linkedin.com/feed/update/urn:li:activity:6844164304351113216
Breakeven point
Mr. Naman, Who had just started his startup company in 2019, was worried about profitability of his company.So he invited Mr. Chanakya to look after his pricing strategies and other costing factors.