Foreign Tax Credit is allowed even if Form 67 is not Filed: Hertz Software India Private Limited vs Asst(CIT)

31 Jan, 2023

Foreign Tax Credit is allowed even if Form...

The assessee has filed an appeal against the order dated 18/03/2020 passed by the Ld. CIT(A)-3, Bangalore for the asses...

Claim Foreign Tax Credit by filing Form 67 Online: Pradeep Lankapalli, Bangalore vs Deputy Commissioner Of Income

31 Jan, 2023

Claim Foreign Tax Credit by filing Form 67...

The appeal is filed by the assessee against the order dated 26.07.2021 passed by the Commissioner of Income-tax Appeals...

Lower Deduction TDS Certificate For NRI  | TDS on Immovable on Selling of Property by NRI

29 Jan, 2023

Lower Deduction TDS Certificate For NRI  |...

Property sale by Non-Resident Indians (NRIs) and Overseas Citizen of India (OCIs) in India is a common transaction. In ...

Tax planning, Tax Avoidance, and Tax Evasion

29 Jan, 2023

Tax planning, Tax Avoidance, and Tax Evasion

Tax planning, tax avoidance, and tax evasion are all related to the payment of taxes, but they represent different ...

29 Jan, 2023

Depreciation cannot be denied simply becau...

In the assessment year 2009-10, the Assessee-Company purchased 5 cars, including Audi and BMW, and registered them in t...

Filing Form 67 is Not Mandatory for Claiming Foreign Tax Credit in ITR

29 Jan, 2023

Filing Form 67 is Not Mandatory for Claimi...

In the recent case of Brinda Rama Krishna v. ITO, the Bangalore Income Tax Appellate Tribunal (ITAT) allowed the assess...

28 Jan, 2023

Salary Earned from a US Employer is Not Ta...

The Kolkata Income Tax Appellate Tribunal (ITAT) has ruled in favor of an assessee, who had appealed against the order ...

The Pros and Cons of Using a Tax Haven Countries

28 Jan, 2023

The Pros and Cons of Using a Tax Haven Cou...

The use of tax havens has been a controversial topic for many years, with both supporters and critics of the practice h...

The Top Tax Haven Countries for Wealthy HNI Individuals and Corporations | Tax Haven Countries

28 Jan, 2023

The Top Tax Haven Countries for Wealthy HN...

A tax haven is a country or territory that offers low or no taxes to foreign individuals or businesses. These countries...

What is Transfer Pricing: Its Purpose and Various Methods

28 Jan, 2023

What is Transfer Pricing: Its Purpose and ...

Transfer pricing refers to the practice of setting prices for goods and services exchanged between related parties, suc...

26 Jan, 2023

Employee declared Innocent for Non Filing ...

The Bangalore Special Court for Economic Offenses has acquitted an individual from prosecution under Section 276CC for ...

No TDS on salary/commission paid to partners. No disallowance under section 40(b) if ‘remuneration’ paid to working partners is within the limit under section 40(b)(v)

26 Jan, 2023

No TDS on salary/commission paid to partne...

As per the Income Tax Act, salary, bonus, remuneration, or commission are collectively referred to as “remunerationâ€...

Salary of a person staying in India for more than 182 days is subject to Income tax for Crew Members

26 Jan, 2023

Salary of a person staying in India for mo...

In the case of Tapas Kumar Basak v. Assistant Director of Income Tax, International Taxation-II & Ors., the petitio...

25 Jan, 2023

Good News for GST Returns filers: Now Get ...

The GST Portal has recently implemented a new feature called "Initiate Drop Proceedings" for GST registration numbers t...

All About Due Diligence and Its Benefits to Startups and Investors

24 Jan, 2023

All About Due Diligence and Its Benefits t...

Due diligence is the process of thoroughly investigating and evaluating a potential investment or product. It is common...

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