TAX MATTERS Archive

Vodafone Vs IT Department-HEL Acquisition

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
The ruling of the Permanent Court of Arbitration based in Hague, in Vodafone Vs Income Tax (IT) Department (India) dispute on the demand of withholding tax on the acquisition of Hutch Essar Ltd, is in favour of
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 8 Read More

Vodafone Vs IT Department Tax Dispute-Timelines

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
Vodafone Group PLC is now relieved to a great extent. The ruling of the Permanent Court of Arbitration based in Hague, supports the company’s stance that there was no tax liability on its part in the acquisition
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 7 Read More

Sovereign Gold Bonds (SGB) – Withdrawal options

SGB withdrawal option, Sovereign Gold Bond redemption, withdrawal option, tax, secondary market, RBI buyback window, IBJA, investment option, gold ETF, e-gold, tenure, interest
Sovereign Gold Bond( SGB) is an attractive investment option provided by the Government of India. A total of 37 series of Sovereign Gold Bonds have been issued since November 2015. SGB, with the fixed interest pay of
11 May 20 Author CategoryGold, Personal Income Tax No Comment Read More

TDS Rate for NRIs for FY 2019-20 (AY 2020-21)

TDS rate for NRIs, interest on bank deposits, rent, commission, brokerage, Mutual Fund redemption, DTAA, Division Distribution Tax,
TDS rate for NRIs for FY 2019-20 (AY 2020-21) on interest on bank deposits, rent, commission, brokerage, Mutual Fund redemption are covered in the article. Various sections under which TDS are collected and the applicable rates are
4 Jul 19 Author CategoryPersonal Income Tax No Comment Read More

TDS rate applicable for FY 2019-20 (AY 2020-21)

TDS rate, interest on bank deposit, rent, contractor, lottery, horse race, brokerage FY 2019-20, AY 2020-21, Threshold, Tax deducted at source, PAN
TDS (Tax deducted at Source) is made at the rates specified in the relevant provisions of the Act or the First Schedule to the Finance Act.  TDS rates applicable for FY 2019-20 (AY 2020-21) for various sources
3 Jul 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

TDS on Interest Paid on Deposits- FY 2019-20 (AY 2020-21)

TDS on interest paid on deposits, TDS, DTAA, 15 g, 15 H, recurring deposit, term deposit, fixed deposit, FY 2019-20, AY 2020-21, resident, non–residents, NRI,
The rates of TDS on interest paid on deposits for residents and non–residents (NRIs) for  FY 2019-20 (AY 2020-21) are covered in the article. TDS is applicable on interest on recurring and term deposits (fixed deposits). The
26 Jun 19 Author CategoryBanking Awareness, Personal Income Tax No Comment Read More

Tax Deducted at Source – Consequences of failures

Tax Deducted at Source, TDS, Section 201(1A) , consequences, PAN, delay, wrong information, section 40 (a) (ia),
Tax Deducted at Source (TDS) is a concept employed for collection of tax. It was introduced with the aim to collect tax from the very source of income. Hence non-collection / short collection or delay in remittance
25 Jun 19 Author CategoryBanking Awareness, Personal Income Tax No Comment Read More

Tax Deducted at Source (TDS)

TDS, Tax Deducted at Source, DTAA, deductee, deductee, Tax Residency Certificate, Double Taxation Avoidance Agreement, Tax Deduction at Source, withholding tax, income tax slab, central government, Challan 281, GST component, frequency
Tax Deducted at Source (TDS) is a concept employed for collection of tax with an aim to collect tax from the very source of income. Based on this, a person who is liable to make payment of
24 Jun 19 Author CategoryPersonal Income Tax No Comment Read More

Advance Tax – Due Dates

Advance-tax-due-date-payment-mode-instalments-Presumptive-Taxation-Scheme-,electronic payment mode, internet bank, assessing officer, companies, auditing
Advance Tax is covered under Section 208 of Income Tax Act. As per this Section, every person whose estimated tax is Rs.10,000 or more shall pay the tax in advance in the form of Advance tax. Advance
19 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Rate of Income Tax For Companies & Firms -FY 2019-20 (AY 2020-21)

Tax, rates of tax, Rates of Income Tax, partnership firm, limited liability partnership, LLP, local authority, co-operative society surcharge, health cess, education cess, rebate, 87A, income slab, resident, individual, huf, BOI, AOI, artificial person taxed, income tax, income, AY, FY, 2019-20,2020-21, assessment, financial, year
Rules of Income Tax Act are subjected to periodical revisions and the rates undergo changes. Different tax rates are stipulated for various categories of taxpayers and for different sources of income. The rates of  income tax applicable
18 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More