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In India, companies are taxed on their income depending upon their residential status. A company resident in India is taxed on its global income.
Hon. Finance Minister Mrs. Nirmala Sitharaman in her Annual Budget Speech introduced the concept of Updated Income Tax Return.
In recent times the provisions related to TDS has become tedious!! The government is taking initiatives to bring a widen the taxbase..
Taxation of individuals in India is primarily based on the number of days they have been in India during the relevant previous year..
S.37(1) of the Income Tax Act 1961 ('ITA') is a residual section. The section was introduced with an intent to enable the taxpayers claim expenditure..
The Income Tax Act 1961 ('ITA') provides for carry forward & set off of losses incurred in one financial year against the profits..
The Finance Act 2002 inserted the definition of PE under s. 92F(iiia) to include a fixed place of business through which the business..
TDS provisions have been prescribed in respect of residents as well as non-residents. Secon 195 of the Income Tax Act provides that any person...
A non - compete obligation is generally fulfilled by the payment of a fee or compensation generally called a non – compete fee.
