Applicability of concessional rate of tax on sale of listed shares by a non-resident - A catch-22 situation CA Bikash Kumar Jain | ACA, B.Com(Hons.)19 August 2011

Section 112(1) of the Indian Income-tax Act, 1961 ('ITA') provides for a 20% tax rate on long-term capital gains for residents and non-residents. However,
more...

Applicability of services for May 2011 and November 2011 examinationsICAI Announcement | .18 November 2010

It is clarified that in Part - II : Service tax and VAT of Paper 5 : Taxation, students will
more...

Business Profit on Presumptive Basis - Section 44ADIshita Mundhra | .15 July 2010

A new section 44AD is incorporated by the Finance Act (No. 2) Act, 2009. The section is applicable from A.Y. 2011-12 and shall replace the existing provision of presumptive taxation covered under ...
more...

Possible renegotiation of India Mauritius Tax TreatyCA Amit Poddar | ACA07 July 2010

What could be the bigger news in July than FIFA World Cup 2010 and what could possibly be the bigger shock than Brazil being eliminated.
more...

Business connection and Permanent Establishment - First rudiment CA Amit Poddar | ACA20 June 2010

As per section 9(1)(i) of the Act where any income arises to a non resident though a business connection in India, then such income is deemed to accrue or arises in India and hence taxable in ...
more...

Finance Bill, 2010CA Vikash Mundhra | ACA, CS, B.Com(Hons.)26 February 2010

The provisions of the Finance Bill, 2010 relating to direct taxes seek to amend the Income-tax Act, inter alia , in order to,-
more...

Deemed Dividend - to be assessed only in the hands of the shareholderCA Bikash Kumar Jain | ACA, B.Com(Hons.)10 January 2010

Dividend in its ordinary connotation
more...

Payments to non-resident - whether tax to be deducted in every case?CA Bikash Kumar Jain | ACA, B.Com(Hons.)17 December 2009

As per the provisions of Section 195 of the Income-tax Act, 1961 ('the Act'), any person who is responsible for paying to a non-resident , any sum chargeable under the provisions of the Act, has ...
more...

Applicability of Advance Tax Payment for Companies falling under MAT provisionsCA Bikash Kumar Jain | ACA, B.Com(Hons.)08 December 2009

As per the provisions of section 115JB ['Minimum Alternate Tax ( MAT ) provisions'] of the Income-tax Act, 1961 ('the Act')1, if tax liability of a Company under normal provisions is lower than ...
more...

Highlights of New Direct Tax CodeAnuj Jaiswal | FCA, ACS, CWA, B.Com (Hons.)08 July 2009

The new code seeks to consolidate and amend the law relating to all direct taxes, that is, income-tax, dividend distribution tax, fringe benefit tax and wealth-tax so as to establish an ...
more...

 

 

• Page 1 of 1