Who is responsible to file Income Tax Returns? If a person dies intestate i.e., without writing a will, the estate left behind by him devolves on his legal heirs If deceased person make a will and an executor is being appointed, then the deceased person’s estate is taxed in the hands of the executor The…
Dear Clients, New TDS provision is applicable as under For entities having turnover > 10 crores below-mention steps to comply Step1. Cross-check with customers to whom sales are> 50 lacs about their TDS obligation TDS is first to be deducted by a buyer who is having turnover > 10 crores, and who purchases from us annually…
Deciding taxability of the software is currently a challenge, fortunately, Supreme court gave some remarks which will be helpful to decide taxability which is summarised below Decision Engineering Analysis Test of charge ability is relevant for sec 195 DTAA definition refers to “royalty means” and therefore it is exhaustive. Income tax definition has wider coverage…
Residential status might be getting impacted due to extended stay, in which case DTAA will come to the rescue. Under Indian laws, service rendered from India is taxable in India irrespective of residential status However, there is a short stay exemption u/s 10(6)(vi) for non-resident As per updated Guidance of OECD Article 15 may be…
