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Articles by CMA Damini Agarwal

Impact of MLI on Indian Tax Treaties

Posted by CMA Damini Agarwal 09 January 2021 2267 Views

Multilateral Instruments (MLI) is indeed the talk of the town in the world of International Taxation. Under the OECD*/G20 inclusive framework on Base Erosion and Profit Shifting (BEPS), more than 125 countries are collaborating to put an end to tax avoidance strategies that exploit the gap and mismatches in tax rules to avoid paying taxes.

Analysis of Section 115BA, 115BAA, 115BAB of Income Tax

Posted by CMA Damini Agarwal 13 December 2020 15979 Views

Several amendments are made in the Income Tax Act, 1961 through ordinance in Section 115BAA, Section 115BAB were inserted in the Income Tax Act, 1961

Amendments with respect to Section 56(2)(x) and 50CA

Posted by CMA Damini Agarwal 07 July 2020 16000 Views

The Central Board of Direct Taxes (CBDT) has further amended Income Tax Rules, 1962, under vide Notification No. 40/2020 dated 29th June, 2020. The Provision of Section 56(2)(x) of Income Tax Rules states certain class of assesses to whom the provision does not apply.