The article discusses the establishment of the Internal Board of Settlement (IBS) under the Income Tax Act of 1961, its role in resolving tax disputes, and its impact on taxpayers. The article also highlights alternative settlement mechanisms available after the abolishment of the Income Tax Settlement Commission in India.
Linking your PAN card with Aadhaar is crucial for compliance, simplified tax filing, avoiding penalties, preventing tax evasion, and easy verification.
Discover the fallout of the SVB-US Tech Bank collapse. Learn about the banks history, its role in Silicon Valley, reasons for failure, and the implications for startups and investors.
Gain insights into the complexities of remote work. Understand tax, social security, and immigration implications, especially for those working remotely from India for foreign companies.
In the context of GST, Job Work refers to any process that is undertaken by a job worker on behalf of a principal, who remains the owner of the goods throughout the job work process.
Understand the differences between the UN and OECD Model Tax Conventions and their application in Indian tax treaties. Dive into article-by-article comparisons and India’s unique tax treaty policies.
Understand the intricacies of Transfer Pricing regulations in the UAE with an overview of the CT Law, including the Arm’s Length Principle, Related Parties, Payments to Connected Persons, and Transfer Pricing Documentation requirements.
Explore the UAE corporate tax landscape, including taxable persons, tax rates, residency criteria, free zone taxation, and small business relief. Understand the intricacies of calculating taxable income and the concept of small business relief for simplified compliance.
Explore the nuances of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) mechanisms under GST. Understand their eligibility, rates, registration, returns, and consequences of non-compliance.
Understand the tax treatment of ESOPs: ESOP expenses can be deducted if incurred for employees’ benefit, as affirmed by various court cases.
