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.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Amount paid to Non-resident for publishing online advertisement is liable for levy of Equalization levy at the rate of 6%. Let’s Understand the details of Equalization levy 1.0 along with some practical examples and FAQ.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Mere presence of personnel of a foreign holding in premises of Indian subsidiary to render services cannot constitute, either fixed place or supervisory PE of foreign company. FCC Co. Ltd. vs. ACIT [ITA Nos. 8960 & 54/Del/2019 ]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Export of service outside India does not itself mean that business is done outside India or getting work done from outside India for export does not mean source of income is outside India.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic In this write-up we shall discuss briefly about taxability and FEMA regulations in relation to Indian resident’s investment in LLC and Inc. in USA
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic TDS will not be applicable on amount paid to non-resident shipping company or it’s agents subject to the receipt of declaration under section 172 of the Income Tax Act from such person.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Any Income of a Non-Resident which is considered as undisclosed but for which source is outside India cannot be Taxable in India. [Income-tax Officer, Mumbai vs. Rajeev Suresh Ghai] [2021] 132 taxmann.com 234 (Mumbai – Trib.))
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Protocols in DTAA, elaborate and complete the text of a treaty, sometimes even altering the text. [Steria (India) Ltd. v. Commissioner of Income-tax-VI] [2016] 72 taxmann.com 1 (Delhi))
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Non-Compete fees paid to employees who were rendering service outside India would be considered as salary and hence not taxable in India. [Director of Income-tax v. Sasken Communication Technologies Ltd.] [2020] 117 taxmann.com 278 (Karnataka)
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