DTAA with Maldives to stop double taxation on International air transport income Agreement between India and Maldives for avoidance of double taxation of income from International air transport The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval forsigning of an Agreement between India and Maldives for the avoidance of […]
Tag Archives: Income Tax updates
Software developer cannot be compared with service provider Transfer Pricing: Companies in software development services not comparable with those in development of software products and services Brief of the Case ITAT Bangalore held in the case of GXS India Technology Center Pvt. Ltd. vs. ITO that a company which is engaged in development of software […]
Female member can be Karta of HUF – Delhi HC Brief of the Case Delhi High Court held In the case of Mrs. Sujata Sharma vs. Shri Manu Gupta that post Hindu Succession (Amendment) Act, 2005 which amended the Hindu Succession Act, 1956, all rights which were available to a Hindu male are now also […]
Brokerage Not Deductible In Computing Income From House Property Case Law Citation:- Radiant Premises Pvt. Ltd vs. ACIT (ITAT Mumbai); ITA No.5494/Mum/2013; Date of Pronouncement 05.06.2015; Assessment Year: 2010-11 Brief of the Case:- The brokerage paid to the third party has nothing to do with the rental income paid by the tenant for enjoying the […]
What is Advance Tax and how to calculate and pay Advance Tax? What is Advance Tax? Advance Tax is part payment of your tax liability before the end of the financial year. It is also called pay as you earn scheme where the income tax should be paid in the year in which the income […]