taxation

Taxation in India By Divya Prasad   India's tax collection structure is well divided and the central government, state governments and local bodies are responsible for it. The union governments collect income tax, central excise and s..

Om Metals Infraprojects vs. CIT (ITAT Jaipur) Where the assessee entered into an agreement with the Vidharbha Irrigation department for supply, erection and installation of dam gates and the question arose whether it was “developing an infrastructural facility” so as to be eligible for deduction u/s 80-IA(4) or it was a mere contractor, HELD: (i) Though the Explanation to s. 80IA (4) inser..

  Where the assessee entered into a ‘secondment agreement’ with a US Company and obtained the services of an employee and the question arose whether the reimbursement by the assessee to the US Company of the salary paid by the US Company was chargeable to tax as “fees for technical services” HELD:   (i) Though the US Co was the employer in..

  Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitation period of six years but the assessee claimed that same was served only after the expiry of the limitatio..

CIT vs. ITI Ltd (Supreme Court)  ..

  Even an Indian company can claim the benefits of non-discrimination under the DTAA Where the assessee was an Indian company and more than 51% of its equity share capital was held by a German company (Daimler Benz AG) and pursuant to an offshor..

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    VIEW TAX CREDIT AGAINST YOUR PAN (PERMANENT ACCOUNT NUMBER)   TIN (TAX INFORMATION NETWORK) facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains li style="text-align: justify; margin: 0..

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“Taxes are the dues that we pay for the privileges of membership in an organized society” - - Franklin D. Roosevelt. Introduction /strong..

Introduction The emergence of SEZs in a conservative society like India is aimed at changing the Indian outdated thinking and environment. India converted eight of its existing export processing zones into SEZs six years ago. An analysis of the zones..

Introduction: Fringe Benefit Tax may seem new to India, but it's not a novel concept. This tax is already levied in the United States, the United Kingdom, Canada, Australia, New Zealand, Japan and some other nations. ..

The Costs of Containing Iran Washington's Misguided New Middle East Policy Summary: The Bush administration wants to contain Iran by rallying the support of Sunni Arab states and now sees Iran's containment as the heart of its Middle East policy: a way to stabilize Iraq, declaw Hezbollah, and restart the Arab-Israeli peace process. But the strategy is unsound and impractical, and it will prob..