Income Tax : As per Section 194C, deduction of TDS is required to be made from payments of any amount to resident contractors or sub-contractor...
Income Tax : All you need to know about TDS on Rent under section 194I of Income Tax Act, 1961. What is rent according to the section 194-I and...
Income Tax : Tax Deducted at Source (TDS) is one of the modes of collecting income tax in India at the very source of income, governed under I...
Company Law : A special resolution is a resolution where the intention to propose the resolution as special resolution is specified and at-least...
Company Law : In simple words, an ordinary resolution is a resolution passed by the shareholders of a company by a simple majority of more than ...
The forms used to file details of income taxes payable and Paid with Government are known as Income Tax Returns. Online Tax returns are set up in an excel worksheet & Java Formats, where the income figures are used to calculate the tax liability of persons. Tax returns must be filed every year for an individual or business that received taxable income during the year, whether through regular income (wages), interest, dividends, capital gains, or other profits.
A Joint venture is an arrangement in which 2 or more individuals /companies / partnership firms /corporations/legal entities come together to undertake an economic or research activity by entering into an agreement. The parties agree to create a new entity by contributing capital and share income, expenses, liabilities and control in newly formed entity.
The author has made a critical analysis of the recent decision of the Kolkota Bench of the ITAT in Van Oord Atlanta B.V. 112 TTJ 229 and identified the important principles of law emerging therefrom. 1. 1. Factual Synopsis of the case 1.1 Van Oord Atlanta B.V. (‘Assessee’) a company incorporated in Netherlands and a resident of that country was accordingly treated as eligible to benefits of ‘DTAA’.
