Mondaq Asia Pacific: Tax
Mayer Brown JSM
The Asian countries are in the process of revising their information exchange laws to embrace the country-by-country report exchanges proposed by the OECD in the context of combating international tax avoidance.
Singh & Associates
The Central Board of Direct Taxes notified that no deduction of tax under Chapter XVII of the Income tax Act, 1961 shall be made on the payments of the nature specified below.
Phoenix Legal
Having castigated successive governments for policy paralysis and generally deriding the Indian democratic polity as being beset with problems of bureaucratic red tape...
Singh & Associates
The Central Board of Direct Taxes, Ministry of Finance issued Circular No. 12/2016, dated 30th May 2016, wherein the government has relaxed obligations on assessee to prove ‘irrecoverability of Bad Debts'.
Singh & Associates
Angel Investment means investment in equity shares of startup companies by investors. Such investors who invest in the equity shares of startup companies are called Angel Investors.
LexCounsel Law Offices
Taxability of income arising out of sale and purchase transactions undertaken internationally has been a matter of debate for long in India.
Khaitan & Co
The Petitioner, a part of an international restaurant chain, operates and franchises sandwich shops in India.
Khaitan & Co
As the Narendra Modi led government has decided to tighten its grip over undisclosed income and correct the tax to GDP ratio, it has come out with the scheme called the Income Declaration Scheme.
Singh & Associates
The Hon'ble Division Bench of the Hon'ble Delhi High Court on 03.06.2016 has set aside the explanation to Section 65(105)(zzzh) of the Finance Act, 1994, which creates a legal fiction relating to imposition of service tax.
Vaish Associates Advocates
A GST Café infographic on the passage of the 122nd Constitutional Amendment Bill in the Rajya Sabha.
Nishith Desai Associates
Protocols under a treaty form a part of it and do not need to be notified separately unless the treaty/protocol itself suggests otherwise.
Singh & Associates
The Central Board of Direct Taxes (CBDT) vide press release dated 10.05.2016 issued the protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius.
Singh & Associates
The Ministry of Finance on 11th May, 2016 vide a press release stated that the Income Declaration Scheme, 2016 would come into force from 1st June, 2016 and will remain in force for 4 months till 30th September, 2016, for filing of declarations and payment towards taxes, surcharge and penalty to be made latest by 30th November, 2016.
Khaitan & Co
The notification giving effect to the Protocol only referred to ‘lesser rate of tax' and did not include the ‘restricted scope of taxation' in relation to FTS.
Singhania & Partners LLP, Solicitors and Advocates
The Goods and Services tax unifies the Indian market for goods and services into a single market with a common tax code and hopefully a single rate (18 % RNR) on a pan India basis.
Nishith Desai Associates
The Delhi High Court's recent judgment in the matter of CUB Pty Ltd v Union of India is a welcomed relief to multinationals licensing and registering their intellectual property in India.
Duane Morris LLP
As many are now aware, the double tax avoidance arrangement (DTAA) between India and Mauritius was amended through the protocol released last month. The direct impact summarized in one line is as follows:
Singh & Associates
Vide Finance Bill 2016, the Government has introduced presumptive taxation scheme for the persons earning professional income.
Khaitan & Co
Under the Income Tax Act 1961, buy back of unlisted shares by a company attracts additional corporate tax in the hands of the company and the resulting capital gains, if any, in the hands of the shareholders are exempt from tax.
Seth Dua & Associates
In this case, the owner of intangible assets under consideration was located in Australia. Accordingly, the said intangible assets were held to be located in Australia, i.e., outside India.
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Moodys Gartner Tax Law LLP
Many US citizens living in Australia and elsewhere around the world have found themselves faced with the difficult decision of whether to keep or renounce their US citizenship.
AMLEGALS
Chief Economic Advisor Mr. Arvind Subramanian, on this Sunday, stated that Petrol and other petroleum product shall be outside the ambit of GST regime after its roll out.
ARA LAW
A Real Estate Investment Trust ("REIT") is a trust that uses pooled capital of investors to purchase and manage income property ("Equity REIT") and/or mortgage loans ("Mortgage REIT").
Trilegal
Plagued, as it is, by indirect tax disputes and ambiguities, the implementation of GST is expected to usher in a uniform tax regime and bring some clarity to indirect taxation in the e-commerce sector.
Trilegal
The implementation of GST will significantly improve the competitiveness and performance of India's manufacturing sector.
Singh & Associates
Indian Income Tax Act, 1961, mandates that a specified percentage of Tax is required to be deducted by the payer at the time of making certain payments to the payee.
Cooper Grace Ward
Taxpayers can object to assessments, while defending proceedings where the ATO seeks to recover the disputed tax debt.
Khaitan & Co
The Petitioner, a part of an international restaurant chain, operates and franchises sandwich shops in India.
Nishith Desai Associates
Protocols under a treaty form a part of it and do not need to be notified separately unless the treaty/protocol itself suggests otherwise.
Khaitan & Co
As the Narendra Modi led government has decided to tighten its grip over undisclosed income and correct the tax to GDP ratio, it has come out with the scheme called the Income Declaration Scheme.
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