Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Reimbursement of software expenses will be liable to tax as FTS/Royalty, where such software was bundled with other IT services of the company. [ Rieter Machine Works Limited v. ACIT (International Taxation), Circle-2, Pune [2021]134 taxmann.com 326 (Pune – Trib.)]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Access to database and journals of information, disclosed publicly will not be considered as royalty and hence not liable to tax in India. [American Chemical Society v. Deputy Commissioner of Income-tax (IT)-1(1)(1), Mumbai [2019] 106 taxmann.com 253 (Mumbai)]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic We shall discuss about the introduction of corporate tax in UAE: Date of it’s applicability, on whom such corporate tax will not apply and various other FAQ
We Present the Preliminary Analysis of Important Tax changes announced in Budget 2022 on 01.02.2022 by our Finance Minister.
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.)]
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.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpicTakeaway: Payment Received for Granting of Access to Data-Base cannot be considered as ‘Royalty’.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpicUnderstanding Tie breaker rule and it’s importance where a person becomes tax resident of two countries.
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) …
Income covered under section 115BBA cannot claim benefit of DTAA at the time of tax deduction
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