Articles by MOHIT JAIN

Taxability of Interest Accrued on Employee Contribution to Recognized Fund

Posted by MOHIT JAIN 07 September 2021 3345 Views

The annual interest computed on employee contribution in excess of Rs. 2.50/5.00 lacs is taxable only at the time when the accumulated balance is paid to the employee.

Legal compliance for business through E-commerce Operator (ECO)

Posted by MOHIT JAIN 27 May 2020 7752 Views

In this article, we would highlight the important aspects under the Goods & Service Tax Act, 2017 (GST Legislation) and Income Tax Act, 1961, in connection with online sale through ECO.

Construction PE- Finer Aspects

Posted by MOHIT JAIN 22 December 2014 5528 Views

Article 5(3) of UN model provides for existence of construction PE as under;- A building site, a construction, assembly or installation project or supervisory activities in connection therewith, but only if such site, p

Taxability of Interest Income of Non-Resident

Posted by MOHIT JAIN 17 October 2014 27260 Views

In this article, analysis is being done on Tax Rate applicable on Interest income to Non-resident. The Tax Rates on interest income to non-resident is dependent upon following 3 crucial factors:- Nature

Re-assessment Jurisdiction of Assessing Officer

Posted by MOHIT JAIN 13 August 2014 4075 Views

Re-assessment Jurisdiction by Assessing Officer 1. Initiation of re-assessment proceedings (issue of notice u/s 148) should be strictly in accordance with the cumulative conditions stipulated in sections 147, 149 & 151 of Income Tax Act, 1961, ot

Real Estate Investment Trust (REIT) - Direct Tax Proposal

Posted by MOHIT JAIN 15 July 2014 17744 Views

Globally REIT is well developed phenomena, serving dual purpose of providing investor with alternative investment avenue, being real estate properties and providing developer or private equit

Service PE- Centrica India Offshore Judgement- Anlaysed

Posted by MOHIT JAIN 14 May 2014 10614 Views

SERVICE PE- Critical Observations on Judgement in Centrica India Offshore (P) Ltd. Facts:- Centrica Plc, a company incorporated in UK, along with foreign subsidiaries in Canada, collectively referred to as Overseas Entities were engaged

Safe harbour Rules Vs Permanent Establishment

Posted by MOHIT JAIN 07 April 2014 10538 Views

Government has notified Safe Harbour rules (SHR) to provides certainty to Indian associate enterprise of MNC group in its Transfer Pricing Assessment The bigger question is that whether safe harbour will

Issue of Shares at less than FMV- Section 56(2)(vii)

Posted by MOHIT JAIN 21 March 2014 156770 Views

Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 The

TDS on Reimbursement of Expenses to Non-Residents

Posted by MOHIT JAIN 06 March 2014 17589 Views

TDS on Reimbursement of Expenses to Non-Resident To elucidate the concept, considered the following cases from TDS deduction perspective u/s 195 of the Income Tax Act:- Rs. 10 lacs paid as Fees for Technical Services to Non-Resident (NR) and his exp