Slump Sale
Prepared by Sanjay Kumar Income Tax Act, 1961 Slump sale means transfer of one or more undertakings, by any means, for a […]
Advance Pricing Agreement
Presented by Sanjay Kumar Introduction An Advance Pricing Agreement (APA) is an agreement between a taxpayer and the income-tax authorities on an […]
Income Computation and Disclosure Standards
Prepared by Khusbu M Kinger Introduction: ICDS are applicable for computation of income chargeable under the head “PGBP” and “IFOS” for all […]
Taxation on Virtual Digital Assets
Prepared by Vasanth Kumar Introduction: Simply explained, a virtual digital asset is a digital holding that has been encrypted on the blockchain […]
Recent changes in Withholding Tax Rate
Prepared by Baskar P & Sanjay Kumar S FTS & Royalty rates under Section115A have been increased from 10% to 20% with […]
Presumptive taxation provisions for non-residents and NRI taxation
Prepared by Baskar P Presumptive tax provisions framework Section Framework Section 44B Shipping business Section 44BB Business of exploration, etc., of mineral […]
Tax harvesting..?
Tax harvesting, also known as tax-loss harvesting, is a strategy used by investors to minimize their tax liability by selling assets that […]
Reduction of share capital
Prepared by Baskar P Reduction of share capital means the reduction of issued, subscribed and paid-up capital of the Company. The reduction […]
India Tax & Regulatory Compliances
Tax and regulatory compliance refers to the adherence to various tax and regulatory requirements that businesses and individuals must follow to ensure […]
Foreign Tax Credit
Foreign Tax Credit (FTC) is a mechanism that allows taxpayers to reduce their tax liability in India by claiming a credit for taxes […]
Whether taxes paid outside India is deductible from business profits under section 37(1) or whether such deductions are disallowable under section 40(a)(ii).
Prepared by Ganesh R As per Section 37(1) of the Income Tax Act, 1961. (“the act”) “Any expenditure (not being expenditure of […]
is Double Taxation a Curse ?
Double taxation is a term used to describe the situation where the same income or asset is taxed twice. This can occur in […]
