Articles by CA Mehul Thakker

Section 44B: Tax for Non-Resident Shipping Business

Posted by CA Mehul Thakker 15 May 2024 5505 Views

Understand Section 44B of the Income Tax Act for non-resident shipping businesses. Learn about presumptive taxation, depreciation, and brought forward losses.

Form 15G - Form 15H for no deduction of tax at source

Posted by CA Mehul Thakker 11 September 2023 18270 Views

Section 197ASection 197A provides that if a declaration in a prescribed form (Form no. 15G � Form 15 H) is submitted by the recipient of income to the pay

Practical aspects of Section 194 I and Section 194 IB of the Act

Posted by CA Mehul Thakker 11 September 2023 51854 Views

In this article we will be touching upon the provisions of the Income Tax Act, 1961 relating to TDS in case of rent paid or payable by Individual/ HUF. Moving f...

Taxation of Non-Residents' Shipping Business: Section 172

Posted by CA Mehul Thakker 26 July 2023 10317 Views

Understand Section 172 of the Income Tax Act for taxing non-residents' shipping business. Learn about overriding provisions, tax rates, and compliance.

Avoid Double Taxation: Relief Strategies Explained

Posted by CA Mehul Thakker 22 July 2021 4197 Views

Discover how to overcome double taxation. Learn about bilateral and unilateral relief methods, including India's specific provisions. Get relief now!

Business Perquisites Taxability: Income Tax Act Explained

Posted by CA Mehul Thakker 04 March 2021 14518 Views

Understand the taxability of business perquisites under the Income Tax Act. Learn how benefits from business performance are taxed under PGBP.

Tax Compensation: Is it Taxable Under Income Tax Act?

Posted by CA Mehul Thakker 18 February 2021 5154 Views

Discover if compensation received for loss of income source is taxable under the Income Tax Act. Learn about Section 28(ii) and capital receipts.

Inseparable Letting Income Tax Act 1961 Explained

Posted by CA Mehul Thakker 11 February 2021 6199 Views

Understand inseparable letting under the Income Tax Act, 1961. Learn how to correctly classify and tax income from combined property and asset rentals.

India's Source Rule of Taxation Explained

Posted by CA Mehul Thakker 26 December 2020 2710 Views

Understand India's source rule of taxation under Section 9 of the Income Tax Act. Learn about taxability for non-residents with Indian income sources.