Direct Taxes (including International Taxation)

Salman Khan wins tax tribunal relief from legal fees he spent to fight his criminal cases

Salman  Khan has won a tribunal relief from the Income Tax Appellate Tribunal on a penalty of Rs.14 Lakh which he claimed as deduction f...

Mutual Fund not to be clubbed with investment in shares and surplus on sale to be treated as capi...

Recently, High Court of Delhi in Yama Finance Ltd.vs Assistant Commissioner of Income Tax held that investment in mutual fund cannot be c...

No more capital gain exemption for investment made in house property outside India

Okay we all know that capital gain exemption is available if the amount is reinvested in a house property subject to certain conditions. ...

Indian law overriding tax treaty provisions . How stupid can be our laws ?

Countries enters into Double Tax Avoidance Agreement (DTAA)  so that same income is not taxed twice in both countries.  Tax rates prov...

Secondment of employees to be considered as providing of technical services

In this era of rapid globalization, the multinational companies (MNCs) are increasingly outsourcing ‘non-integral’ and ‘non-revenue...

Now Odisha High Court Stays recovery of fees under section 234E

Hon’ble Odisha High Court has granted stay on the recovery of Late fee charged Under Section 234E of the Income Tax Act,1961. In Se...

Budget 2014 – Now you can go back and implement advance pricing agreements in earlier years...

The existing provisions of section 92CC allows the IT Department to enter into an advance pricing agreement, with the approval of the Cen...

Save more with tax exemptions – 4 Big Impact of Budget 2014 on Individuals

The Budget 2014 was long awaited with an expectation to give greater benefits to taxpayers. With the Budget going live today the Finance ...

Exemption U/S 54 will not be denied merely because sale deed could not be executed within prescri...

Recently Supreme Court of India , in Sanjeev Lal vs.Commissioner of Income-tax, Chandigarh stated that exemption U/S 54 would not be den...

Transfer pricing norms on capital transactions may be eased to motivate investments

Source : PTI Transfer pricing norms on capital transactions may be eased to motivate investments, the Finance Ministry is likely to intro...

Salaried Individuals want these 5 grandfathered exemption to be relooked

Come 10th July 2014, and we will have new budget from new government, but whether it would same things in new bottle ? India needs bold s...

Recent changes in income tax return filing form relating to TDS

In this article, we would focus on the recent changes in income tax return filing form relating to TDS  . ITR forms of earlier A.Y. did ...

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