Don't Worry , Be Happy !
That a Vishakhapatnam Special Bench Tax Tribunal decision in case of Marilyn Shipping company in which it was held it was held that s. 40(a)(ia) had no application to amounts that were already “paid” during the year but it was confined to amounts remaining “payable” as at the end of the year had created flutter...
Applicants for PAN are required to provide the AO code in their application.The AO Code is a combination of Area Code, AO Type, Range Code and AO Number.List of A.O Code for West Bengal is given below The list of AO codes given below is to help the PAN applicant to choose the AO codes under [...]
This quick post is published as I received many queries by people who are non residents Indians regarding filing of return of income in India for assessment year 2012-13. They have asked whether there is any amendment brought in the Income Act by which non resident Indians are supposed to compulsorily file return of income. The good news is that yes,...
Having Non Resident status in India is good from taxation angle .The readers are already informed in previous post that the residential status of an Individual is determined as per his/her physical presence in India . If you are not aware or want to refresh the basics of how to know the residential status or when one acquires...
The tax residency of a person in India determines whether an amount received or accessed to him in a year is taxable under I.T. Act. This is so because section 5 of the Income Tax Act which defines Total Income excludes all income earned , accrued or arisen abroad in hand of a Non-Resident whereas...
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
The proposal of Cyprus government to impose a 7.5% tax on all money kept in fixed deposits in the … [Read More...]
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