Author: Nirmal Ghorawat
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TAXATION OF ROYALTY AND FEES FOR TECHNICAL SERVICES – 2
Download a copy of this Document in PDF. Section 44DA is a special provision for computing income by way of royalty or fees for technical services having a Permanent Establishment,…
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Special Rate of Tax on Royalty Income from Patents of Resident Indians u/s 115BBF
Download a copy of this Document in PDF. Sl. No. CRITERIA CONDITIONS 1 Eligible Assessee (a) a person resident in India and (b) is a patentee – means (i) the…
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Principles for determination of a Benami Transaction, per Supreme Court of India
In the matter of Bhim Singh & Anr vs Kan Singh(And Vice Versa) 1980 AIR 727, 1980 SCR (2) 628, the Hon’ble Supreme Court of India, observed: The principle governing…
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Tax Technicale : Gift Tax on Engagement Rings
Ever worried about taxmen knocking your doors when you exchanged Rings with your would-be spouse. Yes, technically there is Income-tax on Engagement Rings in India. Under the Gift Tax provisions…
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Dispelling Myths about India’s Finances post Independence
A lot of myths about India’s finances at the time of Independence are being presented as facts to unsuspecting Indian public. We will discuss two such myths below. Myth 1 Public…
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From whom should you source your supplies under GST regime
Consider the following scenario under GST. A registered dealer and an unregistered dealer sell the same goods as follows: Seller Registered Dealer (X) Unregistered Dealer (Y) Value of Goods 100…
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Fallacy in ET Report : 15000 crore burden on Civil Aviation Industry due to GST
The Economic Times has published a report, suggesting India’s aviation industry may have to bear an additional tax burden of up to Rs 15,000 crore annually once the Goods and…
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