Adwords Advt paid by Google India to Google-Ireland taxable as royalty - ITAT
Posted Date : 12-May-2018 , 09:23:43 am | Posted By CASANSAAR
Google India will have to shell out a 10 per cent withholding tax for its payment to its Ireland unit for the AdWords advertising service for the assessment year 2013-14, the Income Tax Appellate Tribunal’s Bangalore bench has ruled.
AdWords is an online advertising service developed by Goo...
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International Taxation |
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India & Mauritius amend treaty to plug tax loopholes
Posted Date : 12-May-2016 , 05:30:13 am | Posted By CASANSAAR
After years of protracted negotiations, India and Mauritius on Tuesday agreed to amend their 32-year-old bilateral tax treaty in an attempt to check `round-tripping' of funds and ensure that no entity gets away without paying taxes in either country.
In addition, the new agreement provides fo...
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International Taxation |
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Companies face country-wise rules for transfer pricing
Posted Date : 02-Mar-2016 , 08:21:36 am | Posted By CASANSAAR
Professionals obtaining any sum of money under a non-compete agreement will now be subject to tax with the government having plugged a loophole in the Budget.
Once non-compete agreements were largely restricted to the manufacturing arena.For instance, an outgoing employee would have to sign on th...
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International Taxation |
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India, Japan sign protocol to amend double taxation avoidance
Posted Date : 11-Dec-2015 , 06:04:59 pm | Posted By CASANSAAR
India and Japan today signed a Protocol for amending the existing convention for avoidance of double taxation and prevention of fiscal evasion with respect to income taxes. Revenue Secretary Hasmukh Adhia signed the protocol on behalf of India while Kenji Hiramatsu, Ambassador of Japan signed on beh...
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International Taxation |
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Shah Rukh’s CA gets ED summons over KKR share case
Posted Date : 19-Nov-2015 , 07:42:03 am | Posted By CASANSAAR
THE Enforcement Directorate (ED) has summoned the chartered accountant (CA) of Bollywood actor Shah Rukh Khan after the latter failed to furnish a satisfactory reply when asked why he adopted a “wrong method” of undervaluing shares of his IPL franchise. The CA’s statement is likely...
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International Taxation |
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Govt exempts Foreign firms without permanent establishment from paying MAT
Posted Date : 24-Sep-2015 , 11:42:46 pm | Posted By CASANSAAR
The government has exempted foreign companies from paying Minimum Alternate Tax (MAT) retrospectively from April 2001, provided they did not have a permanent establishment in India.
A press release issued by Finance Minister said, the provisions of Section 115JB of Income Tax will not apply...
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International Taxation |
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Finance Minister Promises foreign investors Fairest, Predictable tax regime
Posted Date : 14-Sep-2015 , 03:58:32 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley has assured global investors of the "fairest and predictable taxation regime" as he invited them to invest in various sectors, including infrastructure, manufacturing and defence.
He said he's optimistic that Indo-US bilateral...
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International Taxation |
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Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes
Posted Date : 20-Aug-2015 , 09:41:56 pm | Posted By CASANSAAR
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes.
The Agreement will stimulate the flow of exchange of information between India and ...
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International Taxation |
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Government Notifies Changes in Rules for Foreign Account Tax Compliance Pact
Posted Date : 09-Aug-2015 , 09:23:07 pm | Posted By CASANSAAR
The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.
On July 9, India and the US signed tax agreement under the Foreign Account Tax Com...
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International Taxation |
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India, US sign FATCA to curb tax evasion
Posted Date : 10-Jul-2015 , 07:01:45 am | Posted By CASANSAAR
Come September 30, India and the US will start sharing information about bank accounts or financial investments made by their citizens in each other’s countries. This move will help curb offshore tax evasions.
Both countries, on Thursday, signed an Inter Governmental Agreement (IGA) to im...
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International Taxation |
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