Saturday International Tax Gyan!! #taxmadeeasy #taxinpic The withholding rate mentioned in DTAA is inclusive of cess and surcharge whereas we need to add cess and surcharge in withholding tax rate prescribed in Income Tax Act. [Deputy Commissioner of IT International Tax Circle 3(2)(1), Mumbai V. Marubeni Corporation, Japan [2022] 139 taxmann.com 458 (Mumbai – Trib.)]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Effective tax rate for foreign income needs to be calculated only on income which is doubly taxed and not on gross receipts. FTC cannot be used to pay tax on Indian Income. [Invendis Technologies India (P.) Ltd. v. ACIT Circle 3(1)(1), Bengaluru [2022] 138 taxmann.com 167 (Bangalore – Trib.)]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Payment to non resident company for reimbursement of salary of seconded employee in India who are under control of Indian company would not be liable for TDS u/s 195. Flipkart Internet Pvt. Ltd. v. Deputy Commissioner of Income tax, Circle 1(1) WRIT PETITION NO.3619/2021 (T IT)
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Relief provided in relation to withholding of tax on services provided by IT companies in Australia being taxed as royalty till now.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Subscription fees paid for processing of data without having the control of equipment or transfer of knowledge will not be considered as Royalty under Income Tax Act or DTAA. [Salesforce.com Singapore Pte. Vs. Deputy Director of Income Tax (International taxation)] [2022] 137 taxmann.com 3 (Delhi – Trib.)
Dear All, We thank you for being present with us in our celebration of 2nd Anniversary of Saturday International Tax Gyan on 11.06.2022. Please find the attached PDF showing some glimpse of today’s session. Today we also launched another enriching weekly publication on FEMA by the name of “FEMA ke Fundae”. We wish to see you …
Saturday International Tax Gyan – 2nd Anniversary celebration – JSCO | SITG Read More »
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic UAE government has released public consultation document with regard to the corporate tax law in UAE which shall be introduced in June 2023 and in this Part 3 of Presentation we shall discuss about Tax on group companies, various compliances and relief’s and Transfer Pricing provision which one needs …
UAE Corporate Tax – Public Consultation Document – Part 3 – JSCO | SITG Read More »
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic UAE government has released public consultation document with regard to the corporate tax law in UAE which shall be introduced in June 2023 and in this Part 2 of Presentation we shall discuss about calculation of taxable income and various administrative steps which one needs to follow in relation …
UAE Corporate Tax – Public Consultation Document – Part 2 – JSCO | SITG Read More »
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic UAE government has released public consultation document with regard to the corporate tax law in UAE which shall be introduced in June 2023 and in this Part 1 of Presentation we shall discuss various applicability related matters of this Corporate Tax in UAE.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Amount received by a Non-resident E-commerce operator from sale of goods or services in India without having a Permanent establishment is liable to tax under Equalization levy at the rate of 2%. Let’s Understand the details of Equalization levy 2.0 along with some practical examples and FAQ.
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