UJA Taxation Times

Taxation Times is a monthly newsletter published by UJA with an intent and object to simplify and provide clarity on certain provisions of the Income Tax Act, discuss the implications of various amendments and circulars notified time and again, understand the judicial precedents as decided by various courts and interpret these. Also, we keep you posted with the upcoming tax compliances due date for every month – so that you never miss a due date!

One year to the faceless assesment regime

The Indian Government has embarked upon it's journey on digitalization of the governance process a long time ago in the year 2006 with the launch of the projects for e-filing of income tax returns

Retrospective tax amendments -indirect tax transfers

The taxability of indirect transfer of Indian Assets through the transfer of shares of a foreign company has been a matter of litigation for the longest time.

What is foreign tax credit and how to claim it

To provide relief to taxpayers and also to ease burden of double taxation, India has signed Double Taxation Avoidance Agreements (DTAA) with several jurisdictions.

Analysis of Section 194Q TDS on purchases

The G7 tax agreement which proposes a 15% global minimum tax rate on mulnaonal companies such as Google, Facebook, Apple & Amazon has been in news since the last few weeks...

Fees for technical Services: A detailed Analysis

Companies which are situated
overseas often render management & consultancy services to Indian companies. These services are essential to boost

Limitations on Interest Payments - India's Thin Capitalization Rules

A company that is financed through a higher amount of debt as compared to equity is referred to as a ‘thinly capitalized’ company.

Will Merger & Acquisitions become tax - expensive?

Depreciation of goodwill has always been a contentious issue between taxpayers and the department. Clause (11) of s. 2 of the Income Tax Act 1961..

Can TDS Compliance Be Made Easy For Taxpayers?

The ‘Transparent Taxation’ platform was introduced by Hon’ble Prime Minister Mr. Narendra Modi to honour ‘honest taxpayers’ of the...

DDT Gone! Impact : Good or Bad? Let's Wait & Watch

Companies would pay Dividend Distribution Tax (DDT) on dividend to be declared by them. The effective rate of DDT was 20.56%.

How to Not Avoid Billions in Taxes and Get Caught

Where real control of Mauritius companies (Tiger Global International Holdings) was with US resident who was beneficial owner of group...

Does the New Provicion of TCS on Sale of Goods Apply to You?

The provision specifies a rate of 0.1%, considering the current scenario the rate has been temporarily reduced to 0.075% till 31st March, 2021.

The Future of tax assessments in India

The Budget 2019 went a step further and introduced “faceless” and “jurisdiction less” assessments.

Slump Sale - Simplified

A slump sale is typically the transfer of a business undertaking on a going concern basis for a lump sum consideration.

Revised from 26AS - Know what's news

The income earned and the taxes so withheld on such income are reflected in the 26AS of the taxpayer.