#Advance Ruling
Log in to FollowTo facilitate foreign investment into the country a number of steps have been taken by Government of India in the past. Setting up an Authority for Advance Rulings (Central Excise, Customs & Service Tax) to give binding rulings, in advance, on Central Excise, Customs and Service Tax matters pertaining to an investment venture in India is one such measure. The legal provisions of Advance Rulings were introduced through the Finance Acts of 1998, 1999 and 2003.
Income Tax
Income Tax
Consortium members working together with independent scope not an AOP
Income Tax
Income Tax
Supply of customized software and enabling client personnel to handle the system amounts to “fees for included services” under the India-US tax treaty
Income Tax
Income Tax
Bombay HC rules on the binding nature of an advance ruling
Income Tax
Income Tax
Payment received on account of supply of software products to independent third party re-sellers in India not royalties but business income
Income Tax
Income Tax
AAR ruling is binding on the revenue authorities despite any contrary ruling in other tax payer’s case
Income Tax
Income Tax
Taxability of Payment for assignment of contractual rights in connection with the supply of products to foreign company not having PE
Income Tax
Income Tax
Taxability of transfer of shares of an Indian company from one non-resident to another non-resident for no consideration in the course of group reorganisation
Income Tax
Income Tax
Taxability of income received by foreign company for procurement support services rendered by its Indian office to other foreign company
Income Tax
Income Tax
AAR ruling is binding on a taxpayer and the Tax Authority in relation to transaction in respect of which the AAR ruling was sought: Bombay HC
Income Tax
Income Tax
AAR rules no capital gains on Part IX conversion of firm to company
Income Tax
Income Tax
AAR on taxability of payments made for support services
Income Tax
Income Tax
AAR grants Capital Gain exemption under the India-Mauritius Tax Treaty to E*Trade Mauritius – Treaty Shopping permissible within the legal framework
Income Tax
Income Tax
Profits / losses on futures and options contracts (derivative transactions) would be in the nature of ‘Business Income’: AAR
Income Tax
Income Tax
