Taxation

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ITAT

Premium on Redemption of Preference Shares Is Not Accru...

Premium on Redemption of Preference Shares Is Not Accruable Interest

The Bangalore Income tax appellate tribunal, while allowing the appeal of the appellant in the case Enzen Global Solutions (P.) Ltd. v. Income Tax Officer...

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Taxation

ITAT Approach towards Section 68 of IT Act

Section 68 of IT Act

The Income Tax Appellate Tribunal, most commonly referred to as ITAT, is a quasi-judicial body with the specialization of dealing in matters related to dir...

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Taxation

NRI taxation: How NRI’s are taxed in India?

NRI taxation

Tax collection is crucial for the governments to run the economy of their nations, especially in those countries where the governments do not have enough r...

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Income Tax Taxation

How to File an Income Tax Appeal with ITAT?

Income Tax Appeal

ITAT stands for Income Tax Appellate Tribunal. ITAT is a quasi-judicial body set up in January 1941 established by the Central Government for the speedy di...

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Taxation

All you need to know about selling of property in India...

All you need to know about selling of property in India by NRIs: Tax Implications

People tend to get confused when they are planning to buy or sell property in India as they don’t have a complete idea about the tax implications of sell...

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Transfer Pricing in India

An overview of the advantages of Transfer pricing

An overview of the advantages of Transfer pricing

Introduction   Transfer pricing is a situation where a department or a division of a company supplies products or resources to other departments...

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Income Tax Taxation

Key differences between Tax Planning and Tax Management...

Key differences between Tax Planning and Tax Management

Introduction   Many people believe Tax planning and Tax Management to be the same thing. However, there is a big difference between the two conce...

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Taxation

TDS on Contractor Payment – Section 194C

TDS on Contractor Payment

According to Section 194C of Income Tax Act, 1961, any person who is responsible for the payment of any sum to the resident contractor to carry out any wor...

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