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!
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
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.
To provide relief to taxpayers and also to ease burden of double taxation, India has signed Double Taxation Avoidance Agreements (DTAA) with several jurisdictions.
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...
Companies which are situated
overseas often render management & consultancy services to Indian companies. These services are essential to boost
A company that is financed through a higher amount of debt as compared to equity is referred to as a ‘thinly capitalized’ company.
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..
The ‘Transparent Taxation’ platform was introduced by Hon’ble Prime Minister Mr. Narendra Modi to honour ‘honest taxpayers’ of the...
Companies would pay Dividend Distribution Tax (DDT) on dividend to be declared by them. The effective rate of DDT was 20.56%.
Where real control of Mauritius companies (Tiger Global International Holdings) was with US resident who was beneficial owner of group...
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 Budget 2019 went a step further and introduced “faceless” and “jurisdiction less” assessments.
A slump sale is typically the transfer of a business undertaking on a going concern basis for a lump sum consideration.
The income earned and the taxes so withheld on such income are reflected in the 26AS of the taxpayer.