Increased Withholding Tax on Payments to Non-Residents
As per the provisions of the Income Tax Act 1961 (‘ITA’), the income of a non–resident is taxable in India only to the extent such income
Key Consideration for Expatriates moving to India for work
Very often companies send their representatives/ employees to work in their subsidiaries/sister concerns in another country. The duration/period of such relocation may vary depending on the nature of the project/work involved.
Direct Tax Proposals of the Finance Bill, 2023
The rebate under Section 87A was Rs. 12,500/- for a total income up to Rs. 5,00,000/-.
Opportunities for French Company in India in Nuclear & Clean Energy
Clean energy & nuclear energy transformation will be potential for India’s growth & the world’s global energy transformation.
E-Filing of form 10f – A Unnecessary Compliance Burden?
• Section 90(4) and 90(5) of Income-tax Act, 1961 (ITA) prescribes the documents to be maintained by non-residents to avail the benefits of Double Taxation Avoidance Agreements (Tax Treaties) that India has entered with various countries.
Union Budget 2023 – Direct Tax and Indirect Tax Proposals
Hon. Finance Minister of India Mrs. Nirmala Sitharaman presented the last full union budget of the Modi Government 2.0 on February 01, 2023 in the Loksabha. She referred to the budget as “First Budget of Amrit Kaal”.
Union Budget 2023-2024 Expectations
Let us see the key expectations from the Union Budget 2023-2024 from the Direct Taxation point of view
Foreign Companies and Permanent Establishment (Pe)
With this article, we would like to explicate the concept of Foreign Companies and PE in light of Indian Income Tax Act provisions.
Financial Due Diligence
Importance of Financial and Tax Due Diligence in Company Acquisition
Section 54 – Capital Gain Exemption
Whether assessee is entitled to Section 54 exemption if investment made by date of filing belated/revised ITR?