Category: TAX

Utility Of Double Tax Avoidance Agreement

12th April, 2023 - 10:23 am Categories: TAX

Introduction A Double Tax Avoidance Agreement (DTAA) is a tax treaty or agreement between two or more countries that prevents income received in both countries from being taxed twice. If a company in country A (origin country) invests in country B (source country) for building, the question is whether it is liable to pay tax … Continue reading Utility Of Double Tax Avoidance Agreement

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Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd. Case Analysis – [2008] 173 Taxman 322 (SC)

23rd March, 2023 - 6:15 am Categories: Stock Exchange TAX

Statement Of Problem The present research focuses on critically analyzing the case of Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd of Taxation-I The research in this furtherance has analyzed the issues which were discussed in the instant case and what could be the proximate solution to such issues. Therefore, the researchers have tried to … Continue reading Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd. Case Analysis – [2008] 173 Taxman 322 (SC)

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A Peephole Towards Fallacies In Dispute Resolution Mechanism In Taxation Disputes – A Cry For Arbitration

1st March, 2023 - 6:47 am Categories: TAX

Introduction India was ranked 63rd out of 190 nations in the World Bank’s Report on the Ease of Doing Business (EODB), 2020. On three of the 11 indicators used to determine a country’s overall ranking in the EODB report, it still has a score below 100. These are paying taxes, registering real estate, and enforcing … Continue reading A Peephole Towards Fallacies In Dispute Resolution Mechanism In Taxation Disputes – A Cry For Arbitration

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Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

28th February, 2023 - 7:28 am Categories: TAX

Introduction To ease the burden of the assesses (general public who are taxpayers) to pay the tax on due date at the end of the financial year the Central Board of Direct Taxes (CBDT) deducts the tax at source on the due income before being credited to the general public. In this case, deduction is … Continue reading Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

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Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

8th November, 2022 - 5:37 am Categories: TAX

INTRODUCTION : THE GENESIS OF TAXATION IN INDIA The germination of the system of taxation can be referenced far back to the ancient times as traced under the writings of Manusmriti and Arthasastra. According to the Sastras, Manu, the ancient scholar and lawgiver, said that it is proper for the king to impose taxes. His … Continue reading Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

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Impact of Double taxation Avoidance Agreement in the Indian commerce sector. Part 2

4th November, 2022 - 6:06 am Categories: TAX

Introduction The Double Taxation Avoidance Agreement facilitates elimination of double taxation. This agreement clearly caters the need of the NRI taxpayer communities who have grown exponentially in number in the last few years. With growth of the community the need of interpretation of DTAA along with Income Tax Act or 1961 grew immensely. With Introduction … Continue reading Impact of Double taxation Avoidance Agreement in the Indian commerce sector. Part 2

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An Introduction to Double taxation Avoidance Agreement.

3rd November, 2022 - 10:29 am Categories: TAX

Introduction With the exponential growth of trade and commerce in the globalised era, the spectrum of taxes associated with it has also expanded with it. However, the question remains, which country will be the recipient of taxes paid by the corporation- the origin country or the source country? As a solution to this, the treaty … Continue reading An Introduction to Double taxation Avoidance Agreement.

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GAAR : A Strong Step Against Tax Avoidance

22nd October, 2022 - 5:53 am Categories: Intellectual Property TAX

INTRODUCTION Initially introduced in India through a Direct Tax Code Bill in 2009, General Anti-Avoidance Rules (GAAR) are covered under the umbrella of the Income Tax Act, 1961 and have been effective in the nation since 1 April, 2017. Much like any other nation, India too was plagued with multiple instances of tax avoidance wherein … Continue reading GAAR : A Strong Step Against Tax Avoidance

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Concept of Tax: An Overview

9th August, 2021 - 12:41 pm Categories: TAX

The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution articulates that India is a welfare state. A welfare state is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, … Continue reading Concept of Tax: An Overview

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Hybrid Instruments for Investments in Startups

6th August, 2021 - 12:23 pm Categories: TAX

INTRODUCTION The fast-paced growth of Start-ups in India has attracted support and aid from the government and also numerous industrial sectors. With the idea of promoting growth of the Indian economy, entrepreneurs have received several incentives and benefits to establish start-ups. The essence for their growth and success lies in the ‘financing and funding’, which … Continue reading Hybrid Instruments for Investments in Startups

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