Income Tax Articles
Opinion on Section 195
TDS PAYMENT TO FOREIGN CONSULTANTIs TDS applicable to foreign consultant who renders service outside India (namely in USA). Foreign consultant is US based and does not have PE in India. · First point before us for consideration is to decide
Treatment of Spectrum Charges in Income tax act 1961.
OPINION IN THE MATTER OF Whether payment of Spectrum charges gets covered under section 35ABB or Section 37 of the Income Tax act 1961? FACTS The company is engaged in the business of providing telecommunication facilities (just like MTN
Direct Tax Code There is still room for improvement
DIRECT TAX CODE – THERE IS STILL ROOM FOR IMPROVEMENT The Implementation of the New Direct tax code based on the Revised Discussion Paper will definitely be a CBM (Confidence Building Measure) from a layman point of view. The new tax rates r
CFC Rules - An Indian Perspective
The revised discussion paper on Direct tax code (Revised DTC) proposes to introduce the “Controlled Foreign Corporation Rules” (CFC Rules) in the case where the companies are incorporated outside India and are controlled by a tax residen
New online tax credit
Online Tax Credit During last few years, Income Tax Department has introduced many amendments, particularly aiming at to minimize personal interactions of Assessee with department. This is a welcome move and has made the task of Assessee easier
Tax planning for Expatriates
TAX PLANNING FOR EXPATRIATES: The term ‘Expatriate’ is an undefined word in the Income tax act 1961. However, Non residents will become exigible to Income tax on any income accruing or arising or received in India. Expatriates are of thre
Income Tax Return
Most of the individuals who earn enough money are generally required to give part of it back to the government, through the usual way of filling out an income tax return. They then send the necessary portion of their income to the government. But it
DTC Revised Discussion Paper - Issues, Concerns & Responses
On 15.06.2010, CBDT released Revised Discussion Paper on DTC. It covers 11 points on which comments were received after the release of Draft DTC provisions in August 2009. Through this article, I just try to explain the points covered by the Revi
Revised Discussion Paper: That Soothes that seethes
The revised discussion paper on direct tax code has been released on 15th of June, 2010 after the stormy criticism of the first discussion paper which was released in August, 2009. Most of the concerns that have been raised have been taken care of an
Documents required for PAN Application
Documents required for PAN Application For Individual 1. Citizen of India Located in India Documents to be submitted as Proof of Identity and Address by Individual who is Citizen of India located in India at the time of application for PAN
Popular Articles
- Senior Citizen Saving Scheme From 1 July 2026 with 5 New Rules
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- EPFO 3.0 Introduces Faster Claim Settlements and UPI Withdrawals: Latest Update For July 2026
- Kisan Vikas Patra Scheme 2026: Latest Interest, Eligibility, Maturity, Taxability and Investment Benefits
- Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
- TDS on Cash Withdrawals 2026: Excess vs. Entire Amount
- GST Updates: Last Chance for Taxpayers to Complete FY 2025-26 Process
- Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
