Methods for Elimination of Double Taxation
(including relevant Articles of MLI)
Articles 23A and 23B
See below our new article on Elimination of Double Taxation. If you have any questions, don’t hesitate to reach out. Read more here
Diwali is an occasion to celebrate victory over defeat, light over darkness, awareness over ignorance, and an occasion to celebrate life. May this auspicious occasion light up your life with happiness, joy and peace.
India Puts End to Retrospective Amendment for Indirect Transfers
The Indian Finance Minister has introduced a crucial tax-policy move announced on 5th August, 2021 with introduction of a Bill in the Parliament to undo a retrospective amendment carried out in 2012. Fundamental changes were carried out in the Finance Act of 2012 by which Indian Income Tax law was amended, retrospectively, to reverse the […]
Session on Changes and Challenges to Economy, Taxation & TP following Covid-19
IFA APAC CONFERENCE & IFA INDIA BRANCH – JUNE 3, 2021 Covid effects on economy and taxation at the conference held by International Fisacal Association India Branch along with APAC chapter Click here for an online conference held by IFA India with APAC region. Click here for the slides corresponding to the online conference
Nilesh Kapadia of NMK & Co LLP Chartered Accountants recently made a presentation of BEPS Action Plan 6 at a conference held in Mumbai. VIEW PRESENTATION HERE
Scheme for Faceless Assessments and Appeals – Analysis thereof
Corruption in the tax department was not uncommon. To remove this evil, the Hon’ble Prime Minister on 13th August, 2020 while inaugurating National E-Assessment Centre announced that henceforth there will be transparency in the department and honest tax payers will be honoured. He made following three announcements:- Henceforth assessments will be made without personal interaction […]
Background Double taxation of income – first, in the hands of the companies and thereafter in the hands of the shareholders on distribution as dividend is prevalent worldwide and is the classical system of dividend taxation. The manner in which dividend income is taxed in India has undergone changes over the years. In 1997, India […]
Why support MSMEs The micro, small and medium enterprises sector in India just like the population, only second to China. In financial year 2019, the total number of MSMEs in the country was more than 63 million. The majority comprised of micro enterprises, with a higher number in rural areas than urban parts of the […]
Direct Tax update on relaxation of forced stay in India for non-residents – CBDT Circular 11 of 2020
Resident or Non-Resident? An Individual is treated as a tax Resident in India if he is in India for more than 182 days in the current previous year or if he is in India for 60 days or more in the current previous year and 365 days in the preceding four previous years. It is […]
Recently the Apex Court has pronounced a ruling[1] against the appellant for non-deduction of tax at source for the payments made to a non-resident. Background: PAK-INDO-LANKA joint management committee (“PILCOM” or “Assessee”) was a committee formed by the cricket boards of India, Pakistan, and Sri Lanka for jointly hosting the 1996 ICC cricket world cup […]
NMK & Co LLP, Chartered Accountants joins IR as the exclusive Corporate Services Member in India
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Nilesh M Kapadia of NMK & Co LLP, Chartered Accountants. Nilesh has joined IR as our exclusive Corporate Services Member in India. N M K & Co LLP, Chartered Accountants, is an accountancy firm established in 1982, and is headed by […]
