Case study on taxation in india. , with an Indian partner, Adventure Pvt Co Ltd in 2017.
Case study on taxation in india 2016. Sep 26, 2020 · Context:. 1 Case Study Facts I. The analysis in this paper is based on the model of Acosta-Ormaechea and Yoo (2012), and for the verification of the relationship between taxation and economic growth the panel regression method is used. A situation is described as inflationary when either the prices or the supply of money are rising, but in practice both will rise together. Printed by : for solving case studies, you may refer to the updated edition of the Income-tax Act, 1961, the Income-tax Rules, 1962, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015, Chapter India’s individual or personal income tax has become complex over the years. Janet, S. We are given the following facts: An LLP – “Know How LLP”, registered in the UK, sets up a Joint venture company in India – JV Co Pvt Ltd. The act was approved by the Parliament that phase, Vodafone was now responsible for paying the taxes. Pte Ltd is engaged in operation of ships in international water; It received freight in respect of a Vessel which sailed from Indian port; Freight money was remitted to F’s UK Account where treasury operations are centralized; F Co holds TRC issued by the Singapore Tax Authorities Jan 30, 2025 · This case study examines the dispute between Volkswagen Finance Pvt Ltd (the appellant) and the Income Tax Officer (ITO), which centers around the applicability of Indian tax laws on payments made to a foreign celebrity for promotional activities conducted outside India. This is not an issue unique to India. At the stroke of the midnight hour on the 1st of July, 2017, the national Goods and Services Tax (GST) came into being at a ceremony in the Central Hall of Parliament, thus implementing the most transformative indirect taxation reform in India since Independence in 1947. It defines income tax as a government tax that varies based on an individual or entity's income or profits. Read More May 1, 2023 · 2. It draws attention to the difficulties encountered, such as figuring out tax jurisdiction, the idea of permanent establishment, and commercial tax evasion strategies. Case Details: Racksapce US Salient features of income-tax The salient features of Income-tax are enumerated below: (i) Income-tax is an annual tax on income. Changes in Indian tax laws following the Vodafone case. Featuring practical case studies, the workshop is a must-attend for individuals and businesses seeking clarity in the complex world of non-resident taxation. types of urban local bodies in india 37 annex c. Narendra Modi, on July 1, 2017. 10. This article explores the impact of GST on Indian businesses through case studies of their Aug 25, 2022 · Gillian Neky. The Base Erosion and Profit Sharing (BEPS) initiatives are aimed at finding a solution to this issue. research scholar, department of commerce, bharathiar university, coimbatore,tamil nadu,india. Learn about eligibility, payment calculations, and various scenarios in tax dispute resolution. Defendant: ITC Limited. See full list on acadpubl. By putting out a finance act change that would grant the “Income Tax Department the authority to retroactively tax such transactions. 500,000, with additional exemptions for senior citizens and women. Originally, it comprised sales taxes on commodities (goods) and a handful of listed services at the level of the states—with each state having its own regime—and excises at the manufacturing level at the level of the central government called Union, or central, excises. The government relies on tax revenues to fund essential public services, infrastructure The study utilizes a case-based review approach to analyze India's indirect taxation policy framework and associated indicators. Brief Facts: A suit for trademark infringement was filed by The Tea Board of India against ITC Limited. 08. Tax evasion is act of evading taxes illegally and refusing to pay taxes. cooperation. Since there was no tax treaty, she received Nov 29, 2022 · Indian retrospective tax legislation — Amendments to the Income Tax Act consistent with global initiatives to tax indirect transfer of assets After the judgment of the Supreme Court in Vodafone case 5 in 2012, the Indian Parliament passed the Finance Act, 2012 , which gave inter alia to the addition of two clarifications in Section 9(1)( i Apr 1, 2018 · Case Study on Impact of Goods and Service Tax in the Banking Sector April 2018 Conference: QUALITY IN HIGHER EDUCATION CHALLENGES & OPPORTUNITIES, ISBN No. Read More Jan 5, 2025 · In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961), read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central Government hereby approves the International Institute of Information Technology, Hyderabad (PAN: AAAAI6797B) for ‘Scientific Research’ under the Learn about practical aspects of international taxation through a comprehensive case study with Daksha Baxi. If the source or nature of the credited amount is not satisfactorily explained, the sum is treated as income and added to the assessee’s Explore Nageshwar's case: no personal assets, claimed Sec 54F deduction, Taxbuddy guided through tax complexities, saving from income tax. Ankit Mittal versus ITO in ITA No. Introduction India’s tax system is chaotic, disjointed, and uncontrolled due to historical causes. Income tax regulations usually change annually, and new Mar 31, 2023 · Case Study 3: Article 24 of India-Singapore Tax Treaty. In this case, assessee claimed loss from house property on the property which was in joint name of the assessee and his wife having 50% share each. While the decision is ostensibly a victory for taxpayers who do business in India, the case may be a harbinger of tax concerns in India and other countries. Whether you are a student seeking to improve your academic performance or a legal professional seeking to stay up-to-date with the latest developments in this field, Legal Bites is an Nov 28, 2008 · 9 In the financial year (April-March) 1973–74, tne highest rate of income tax on incomes beyond Rs 200,000 was 85 per cent. Hence, in the present case if the tax assessment had been completed before 1962, then Income Tax Act, 1961 would not have been applicable. It includes an acknowledgment, declaration, index and introduction section. 0 Lakhs Fig 5 Individiual Break up of the amounts. In addition, 15 per cent surcharge on income tax was also to be paid. The theoretical background section discusses the objectives of income taxes, basic principles of income taxes and an extract from the Income Tax Act of 1961 related to 2 days ago · Press Release, dt. However, it also reduces encouragement to generate more income and many times individuals start misrepresenting their income and taxes (Slemrod, 1990). for recovery of income-tax. Practical Application of the Principles through a Case Study 2. May 20, 2024 · This article provides an insight into the infamous case of Vodafone International BV v. As per Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Read Taxmann's International Taxation Ready Reckoner – India's first 'ready reckoner' for persons dealing with cross-border Jul 5, 2010 · Treating Argentina, Brazil, India, Kenya, Korea, and Russia as key case studies, this volume outlines the major aspects of current tax codes and explores their economic and political implications. 5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India. It is vital to navigate this delicate landscape having far-reaching implications. Progressive taxation is levied to reduce the income inequality gap. Emerging tax issues in the digital Economy. e Civil Appeal Nos. It is a comprehensive statute with the main objective of governing taxation in the country through many rules and regulations. com 245 (SC), has ruled that a sheet of paper containing typed entries in loose form, not shown to form part of the books of accounts regularly maintained by the assessee or his business entities, do not constitute material evidence. India has a blend of progressive and proportionate taxation. The case resulted in changes in Indian tax laws, affected cross-border M&A activity, and received criticisms for its impact on foreign investment in India. 11000 in foreign taxes. 4 Articles of case study dtas and their impact on taxing rights of tanzania 22 5 Discussion of Findings 26 Shreya, an employee in India, was not properly planning her taxes and ended up owing Rs. The income of a company is classified under different heads of income such as profits earned from the business, capital gains, income from real property and income from other Jan 31, 2010 · In the case of the personal income tax, t he Ad- visory Group on T ax Policy a nd T ax Ad ministr ation lists the incentives in pages of its report (India, a: – ). : 978-93-5311-082-6 The tax payer also hold the view that the AMP expenditure incurred are fully deductible under Section 37(1) of the Income Tax Act, 1961 and there is no question of determining the ALM in this regards and such conditions are duly satisfied even if the foreign AE gets some incidental benefit out of such expenditure and such TP adjustment will May 9, 2020 · The present study examines the long-run and short-run relationship between tax structure and state-level growth performance in India for the period 1991–2016. assistant proffesor co-ordinator,department of commerce in pg centre, government first grade college, thirthahalli, With special reference to the LG Electronics case which is a wholly owned subsidiary of LG Electronics INC. (ii) Income-tax is computed with reference to a previous year as defined in Section 3. (iii) Income of the previous year is assessed in the following year known as assessment year in accordance Key Words: Tax, Tax Evasion, Tax Avoidance, Mixed Economy, Tax payers, Income Distribution. state and city rankings of property tax revenue performance 33 annex b. In a unanimous decision, the Permanent Court of Arbitration at The Hague has ruled that: India’s retrospective demand of Rs 22,100 crore as capital gains and withholding tax imposed on Vodafone for a 2007 deal was “in breach of the guarantee of fair and equitable treatment”. "Corporate Income Tax—India Case Study," Springer Texts in Business and Economics, in: Taxation History, Theory, Law and Administration, edition 1, chapter 19, pages 207-215, Springer. ance and support to the preparation of this case study. ,This study will be a contribution to the empirical literature by investigating “tax–growth” relationship in the Indian case. 96/97 ed. Income tax rates in India are outlined, ranging from 0% for income up to Rs. dr. Introduction Background Tax evasion and avoidance represent significant challenges to revenue collection and fiscal stability in India. Inefficient tax collection system is also a reason of tax evasion in a developing country. The Indian government Apr 1, 2023 · The series covers all important topics and case studies related to taxation law, making it a valuable resource for those looking to deepen their knowledge. ” 1) To Study the concept of tax evasion 2) To find out the extent of income tax evasion. 1 Dtas in case study countries 14 4. Amazon. 2 The contents (clauses & articles) of the two specic dtas 15 4. Just upload your form 16, claim your deductions and Mar 20, 2020 · It will definitely enlarge the foreign direct investment, saving and investment in India. Taxation of the Digital Economy:-A case Study of International and National Legal and policy Frameworks [Kenya]. Try out our Premium Member Services-- Sign up today and get free trial for one month. Apr 19, 2024 · This paper explores the taxation system under the Income Tax Act, Finance Act, and GST Act in order to provide light on the intricacies of e- commerce taxes in India. The various relevant case studies are enlisted quite carefully with an objective to achieve Sep 21, 2023 · b. The […] Participants will acquire comprehensive knowledge about compliance for cross-border transactions and grasp the subtleties of residential status in the context of FEMA and income tax laws. From the comparative analysis done in figure it is quite evident that the lower income people have to pay higher percentage of their income as taxes owing to double taxation in comparision of higher income group. 23 of the India-Australia DTAA on the Income-tax Act, 1961 and whether the Treaty can impose a charge even though the Income-tax Act, 1961 does not, and what is the effect of Jun 22, 2018 · In an appeal filed before the Hon'ble Supreme Court i. Priyanka, a retired Indian resident, earned Rs. It is a problem faced by authorities the world over. Mar 20, 2021 · Discretion by the Income Tax Officer: As stated earlier, the tax assessment was completed in the year 1961. Commissioner of Income Tax (2020) This case is a significant milestone in Indian tax law, especially regarding the doctrine of mutuality. for exchange of information for the prevention of evasion or avoidance of income-tax ; c. org New Delhi Educational Material on Ind AS 12, Income Taxes nco m Taxes ISBN: 978-81-19472-22-2 Jul 20, 2022 · The valuation in case of related party supply is a co mplicated phenomenon . The gap between the amount of tax owned and amount of tax that is paid is huge. While the transition to the new tax regime posed significant challenges for many businesses, some Indian companies were able to navigate the c Apr 10, 2021 · Download Citation | Goods and Services Tax (GST): India Case Study | Evidence of a seamless fiscal federal goods and services tax (GST) with parallel centre–state channels is found first in a Dec 2, 2024 · Yum! Restaurants (Marketing) Pvt. 250 of 2010) Plaintiff: Tea Board of India. Oct 20, 2022 · The case focuses on the court decision came in favour of Shell India challenged the order of the Income Tax Appellate Tribunal, to circumvent transfer pricing norms, though it was an international transaction wherein there was no arm’s length dealing between the related entities. To the knowledge, this will be the first study to examine this relationship for India with a recent data set. , with an Indian partner, Adventure Pvt Co Ltd in 2017. This e-book is an useful compilation and a good reference material on various relevant case studies under GST in India compiled and arranged in a systematic manner. This article explores the case for introducing threshold-based Agricultura Apr 16, 2014 · This document discusses income tax in India. , & Nobes, C. Dec 31, 2023 · Taxation and expenditure administration represents a significant concern for governments at all levels. common exemptions provided in property taxation in india 50 Nov 9, 2024 · [By Tanmay Doneria & Varsha Tanwar] The authors are students of Rajiv Gandhi National University of Law, Punjab. Citationsforrester. 3) To find out the impact of tax evasion in India To meet the above objectives of the study, the required data have been collected from secondary sources, such as Internet, websites, professional magazines, referred journals, newspapers and conference books Dec 16, 2024 · Read More: Special Provisions for Non-residents under the Indian Income Tax Act Double Taxation Avoidance Agreement (DTAA) The central government of India introduced the Double Taxation Avoidance Agreement (DTAA) under section 90 of the Income Tax Act, 1961 so that individuals can avoid unnecessarily paying double taxes. in case you need any further advisory services in respect of the case studies, you may please feel free to reach out to us. Case Background Vivad se Vishwas Scheme De-coded – Case Study on Disputed Tax. - Annual income INR 12. The people of India paid taxes to their foreign masters in order to fund both their own wealth and the state’s opulent royal lifestyle. Some have been repealed. In this study a case for progressive GST (Goods and Services Tax) has been made legal battle between the Indian Income Tax Department on the one side and Vodafone on the other for the astronomical figure in question: Rs. To be more correct inflation is persistent rise in the general price level rather than a once-for-all rise in it, while deflation is persistent falling price. Aug 6, 2022 · The impact of Art. Secondary sources Dec 1, 2021 · India is an interesting case study from several standpoints. (2016). 150,000 to 30% for income over Rs. Primary sources include the Income Tax Act of 1961 and double taxation avoidance agreements signed by India with other countries, which serve as the legal foundation for international taxation in India. v. of India also known as ‘ the retrospective taxation case. As such, the marginal rate of tax (income tax plus surcharge) in such cases was 97. In this study a case for progressive GST (Goods and Services Tax) has been made Income-tax act of India 1. The document provides details about a project report submitted by Komal Dnyandeo Nanware on income tax planning with respect to individual assessees. six good practice case studies 41 annex d. CASE STUDY- TAXATION OF SOFTWARE AS GOODS OR SERVICES a. Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from infrastructure undertaking III. eu ITAT Delhi in the case of Sh. (2019). 202620 in taxes. in - Facebook Case Study 2 - India Based Manufacturing Company ; II. The classifications includes: Resident and Ordinarily Resident (ROR): Amazon. 75 per cent. In relation to any assessee to whom the said agreement applies, the provisions of the Income-tax Act shall apply to the extent they are more beneficial to that assessee. F Co. 4 Analysis of Case Study Countries (Tanzania vs South Africa & India) 14 4. The legislation specifies how the Indian government administers, levies, recovers, and collects income tax in India. 2 Convergence requires aligning national standards with IFRS over many years rather than a one-time wholesale switch to IFRS. Korea. Cuenca. CASE-4. The machines are required for improving production efficiency. In April 2013, the Income -Tax Appellate tribunal (ITAT) in Kolkata held that payments to websites like morality were the primary causes of Tax Evasi on in India. Govt. e. 12, 000 Crores which raised the eyebrows of many business and legal circles in India. , based in India, is importing CNC milling machines from a German supplier. Handle: RePEc:spr:sptchp:978-3-030-68214-9_19 Nov 16, 2024 · This research focuses on conducting case studies to explore the patterns, impacts, and regulatory responses to GST tax evasion in India. , from August 2010. Understand legal precedents and navigate tax law confidently. First, unlike most other countries, India opted to substantially converge its national Generally Accepted Accounting Principles (GAAP) to IFRS rather than go for a ‘big bang’ adoption. The introduction of the Goods and Services Tax (GST) in India in 2017 was a transformative event that sought to unify the country's complex indirect tax structure. 110000 abroad and paid Rs. ese include incentives a nd various important case studies in simplified manner. ABC Manufacturing Pvt. Apr 10, 2021 · The tax laws in India provide for taxation of corporate entities as a separate person; and specific income tax return forms for companies are prescribed under the law. A property transaction case study. However, after making investments in a PPF, LIC premiums, and FDs, her taxable income was reduced and she ended up owing only Rs. 3137 of 2010; CS No. Keywords: Indian Tax Systems, Tax Payers; Tax assessment; Tax Evasion 1. There wasn’t any case of much gravity before Vodafone pertaining to Tax dispute in India. As one of the most populous countries in the world, India generates approximately 62 million tonnes of waste annually, of which only about 75–80% is collected, and less than 30% is treated or recycled. Jul 1, 2017 · Theme: Goods & Services Tax Launch Date: July 1, 2017 Duration: Ongoing Location: Pan-India Stakeholders: Government of India, State Governments, Industry, Consumers OVERVIEW. icai. 17-03-2025 - CBDT issues Circular on Frequently Asked Questions (FAQs) relating to Revised Guidelines for Compounding of Offences under Income-Tax Act, 1961 dated 17. Knowing Inflation By inflation one generally means rise in prices. With the use of 14 Indian Oct 24, 2024 · The taxation of undisclosed income under Section 68 of the Income-tax Act, 1961, applies when an assessee offers no or unsatisfactory explanation regarding any sum found credited in their books of account. China, and Lessons for Other Developing Countries Download; XML; Tax Policy in Argentina:: Between Solvency and Emergency Download; XML; Tax System Reform in India Download; XML; History of Russian VAT Download; XML; Tax Reform in Kenya:: Policy and Case Name: Tea Board vs ITC Limited on 20 April 2011 (GA No. Article finally concludes with 1 day ago · Case Study: Importing Machinery from Germany to India Scenario. A. is no clear way to tax global e-commerce companies. Unauthorized copying or distributing is a violation of copyright law. Novelty/Originality of this study: GST is new tax reform in India, only a few studies have been done on it. GST replaced multiple cascading taxes levied by the central and state governments, aiming to create a unified national market, simplify tax administration, and increase compliance. hiriyappa b. 2024 The current form of Income Tax in India was adopted in 1963. The analysis covers the historical background, key provisions, and specific case studies of DTAAs that India has Take notes as you read a judgment using our Virtual Legal Assistant and get email alerts whenever a new judgment matches your query (Query Alert Service). Each of these cases deal with a specific situation. In Apr 11, 2024 · Case Studies: Successful GST Implementation in Indian Companies . The main issue in this case was whether the doctrine of mutuality applied to the assessed company, which was a wholly-owned subsidiary of Yum! Development-Oriented Tax Policy Download; XML; Taxes and Development:: Experiences of India vs. ” By that time, the case had gained notoriety as the "retrospective taxation case. 5. " India faces a mounting waste management crisis that threatens not only the environment but also public health and economic stability. co. Section 145, read with section 37(1), of the Income-tax Act, 1961 – Method of accounting – Rejection of accounts IV. Mar 4, 2024 · including legal texts, tax treaties, case law, scholarly articles, and reports from international organizations. in - Buy Taxmann's Gold & Taxation – The first-of-its-kind book in clear language with abundant examples, case studies, and tax-saving tips from Income-tax & GST angles book online at best prices in India on Amazon. The graph given below shows the division of various kind of taxes payable into two broad categories “merger and acquisitions in india: a case study on indian information technology sector” sandeep n. . Efiling Income Tax Returns(ITR) is made easy with Clear platform. Dec 29, 2022 · The Hon’ble Supreme Court, in the case of Common Cause And Others v. (2021). Section 143 of the Income-tax Act, 1961 – Assessment – Additions to income 3. This was done due to the use of the name “Darjeeling” as its Jan 5, 2022 · Therefore, the beneficial withholding tax rate of 5% in India-Slovenia DTAA will apply from the date when Slovenia became an OECD member, i. Explore real-life case studies illustrating the intricacies of the Vivad se Vishwas Scheme 2020 for settling disputed taxes. in. com or 1 866-367-7378 4 › Builds a reliable, future-ready system. India, with its extensive network of over 90 DTAAs, leverages these agreements to provide clarity on tax liabilities, promote foreign direct investment (FDI), and enhance global economic integration. v. 1961 as Apr 3, 2023 · The Vodafone case had a significant impact on the taxation of cross-border M&A transactions in India. The main source of income for the India to tax the people, falling in the middle and lower income category, more double taxation. The Hon’ble Supreme Court of India is set to adjudicate a significant legal question in the Institute India has a long history of indirect taxes reflecting the tax assignment drawn out in the Indian constitution. The Economics of Taxation: Principles, Policy and Practice. Hertfordshire: Pentice Hall Europe. Union of India [2017] 77 taxmann. ’ It presents an overview of the background of the case with rulings of the High Court up till the Permanent Court of Arbitration Case Study: India’s Income Tax Department Uses Blockchain To Simplify Tax Processes anuary 30, 2020 2020 Forrester Research, Inc. Especially the tax liability in case of pre-designed softwares Nov 5, 2024 · The tax implications of foreign income in India depends on the taxpayer’s residential status as defined under Section 6 of the Income Tax Act, 1961. In his 2006 budget speech, the Indian finance minister announced his 4 days ago · Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. India witnessed the launch of its biggest tax reform since Independence, the Goods and Services Tax (GST) characterized as 'The Good and Simple Tax' by the Prime Minister Mr. Using a qualitative approach, this study examines multiple case studies of tax evasion incidents across different sectors and geographic regions. Case Studies. Several of them are linked to other taxes. Examples of both the poorest and wealthiest developing countries, Argentina, Brazil, India, Kenya, Korea, and Russia uniquely demonstrate the diverse The Institute of Chartered Accountants of India (Set up by an Act of Parliament) www. James, S. in - Buy Taxmann's International Taxation Ready Reckoner – India's first 'ready reckoner' for persons dealing with cross-border transactions with illustrations/examples, practical & comprehensive case studies book online at best prices in India on Amazon. The following case studies have been prepared by our team of international tax specialist, considering the provisions of international tax income tax applicable in India. The analysis is performed with an interpretive method known as SAP–LAP (situation, actor, process and learning, action, performance) framework developed by Sushil ( 2000 ). Apr 10, 2021 · Evidence of a seamless fiscal federal goods and services tax (GST) with parallel centre–state channels is found first in a 2001 task force report for India’s Tenth Five-Year Plan. Jan 1, 2015 · The study is aimed at finding a solution to the problem of double taxation. The Income Tax Act was enacted in India in 1961. Income from cloud hosting and its ancillary services neither royalty nor FTS: ITAT. Jun 8, 2020 · Back2Basics: Vodafone tax Can India tax the gains made by selling the shares of Singaporean company? According to Section 9(1)(i), (popularly known as the Vodafone tax), any income accruing or arising, whether directly or indirectly (through multiple layers), inter-alia, through the transfer of a capital asset situated in India, shall be deemed to accrue or arise in India. Apr 10, 2021 · India’s individual or personal income tax has become complex over the years. Sep 10, 2022 · In India, capital gains tax is levied [Show full abstract] Article analyses the present position of laws through case study on Tax liability on Slump Sale. Maria Eugenia Bonilla-Chacin served as the Principal Investigator and provided helpful insights and guidance throughout the prepara-tion of the case study. The following case studies are given : The Vodafone case, involving the indirect sale of shares of an Indian company by upper tier non-Indian corporations, focused attention on the extraterritorial reach of India's taxing power. It comprises various elements and branches thereof including the taxation of payroll or salaries, interest, dividends and capital gains, estate and wealth tax, inheritance and gifts. Clear serves 1. However, India – Slovenia DTAA came into force in February 2005. 1511/Del/2016 dated 23. 3 Dtas negotiations 20 4. As per the ‘Technical Assistance and Royalty Agreement’ executed on 1 July 2001, LG India was given a right to use the technical information, designs, drawings, and industrial property rights for the manufacture, marketing, sales, and services of the agreed products from LG Committee on International Taxation The Institute of Chartered Accountants of India: INTT Assessment Test - Model Case Studies: Model Case Study - Paper 1 - Transfer Pricing; Model Case Study - Paper 2 - International Taxation 8 Enterprise and Ethics: The Two Pillars of an Empire: A Case Study on India’s One of the Oldest Family-Managed Group of Companies Notes 9 Corporate Social Responsibility: The Amway Approach: A Case Study in CSR New Delhi 110 002, India. Taxation plays a crucial role in the funding and formulation of economic policies. 268620 in taxes. This provides certain discretion on the part of the Income Tax. +91-20-25437744 info@levare. Linda Brooke Schultz also provided technical oversight, extensive guid-ance, and review at every stage of the case study. These days economies of all annex a. Read Taxmann's Gold & Taxation – The first-of-its-kind book in clear language with abundant examples, case studies, and tax-saving tips from Income-tax & GST angles Apr 10, 2021 · Download Citation | Indirect Taxation Prior to GST: India Case Study | Reflecting the constitution’s tax assignment, India’s indirect tax history began with state-level sales taxes on goods Feb 13, 2022 · Agricultural income earned by a person in India is exempted from taxation as far as the Income Tax Act, 1961 is concerned. Mar 13, 2024 · The income Tax Act, 1961. Date: 20 April 2011. Since the service tax regime, Information technology computer software has been a litigious issue primarily because of lack of clarity as to what constitutes supply of service for the purpose of taxation. Topics covered include identifying taxable transactions in India, transfer pricing, POEM exposure, DTAA eligibility, GAAR and Principal Purpose Test, income classification, TDS determination, Section 90 application, PE exposure, secondment of employees, capital gains tax on indirect Case studies - tax technology and transformation Insights on our approach for implementing tax technology and automation solutions for business organisations enabling digitalisation of tax function Mar 1, 2020 · Property tax is a potential source for revenue generation by the municipal/local governments especially in developing countries because it is economically efficient, easy to enforce, and difficult Jun 13, 2024 · The Goods and Services Tax (GST), implemented on July 1, 2017, marked a significant reform in India's indirect tax system. 10164, 10165 of 2010, 10917 of 2013, 4449, 5255 of 2015, the question raised for consideration was, whether the material found in the course of a survey, in the premises of a builder can be included in Block Assessment of the assessee. Introduction The intersection of taxation and religion is a multifarious and contentious matter. Ltd. lycmhtpcgsfuhfwgdwdilbjugzmyhzoalfwxhgrhgyzawcoqnvzzeooccqyewddtbfhrhngkgbhcxfhblbpbgw