1. Concept of PE – Introduction 1. PE is primarily a concept relevant from tax treaty perspective. Under a treaty regime, business profits are ordinarily taxable in the country of residence except when there exists a PE in source country. 2. Article 5(1) U.N. Model Tax Convention and OECD Model Convention– Basic rule PE “a […]
How are Fuel Prices Determined in India? Fuel rates are revised everyday at 06:00 AM in India, and this is called dynamic fuel price method. This makes sure that variations of global oil prices throughout the day are transmitted and reflected to fuel users and dealers. Let us understand few terms before understanding how the […]
Now a day Derivative Trading i.e. trading in future and options (F&O) on stocks, currencies, and commodities has become a hot topic amongst investors. Data suggest that during last two years during pandemics the trading in shares & derivative increased substantially. Unfortunately, most people have little knowledge about taxation & reposting of the same and […]
INTRODUCTION Financial distress caused by mounting non-performing assets (NPAs), stressed assets, and extended litigation afflicted India’s banking sector prior to the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC). The Reserve Bank of India (RBI) tried numerous policies to help defaulting enterprises get out of trouble. The Sick Industrial Companies Act (SICA), the Companies […]
Income tax department has issued notices u/s 148 for reassessment proceedings of previous financial years in the month of March-21. CBDT’s notification No. 20/2021, dated 31-03-2021, issued in exercise of the powers conferred by section 3(1) of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) extended the last for issuance of notice u/s 148 up to 30.06.2021. However, the validity of the notices issued after 31.3.2021 is challenged in many High Courts by filing a writ petition.
Taxability of the Residents’ Welfare Association has always been a delicate issue due to the sheer number of stakeholders who get affected by it. While the government has always tried to protect the middle- and lower-class residents, it had shown no intention of completely exempting tax for the others.
A cheque could be a medium of exchange that promotes cashless transactions in a degree economy. The utilization of cheques as a medium of exchange has exaggerated with time. Folks like better to offer cheques in transactions, rather than carrying currencies. Carrying currencies, particularly once the number is simply too giant, could be a risky business.
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights.
Banks and monetary establishments punctually registered with the bank of Asian countries give loan facilities to legal entities and people. within the event wherever the recipient fails to repay loan quantity or any half therefrom that additionally includes unpaid interests and different charges and/or debt becomes Non-Performing plus, banks, and monetary establishments will recover the […]
A wing was established in 1952 by the Government of India called The Wireless Planning & Coordination (WPC). WPC is a branch of Department of Telecommunications established under the Ministry of Communications and Information Technology of the Government of India.
