Meeting of BRICS Heads of Tax Authorities and Experts on Tax Matters held virtually under Chairship of India

The Heads of Tax Authorities of the BRICS countries, namely the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa held a virtual meeting here today under the Chairship of India.Shri Tarun Bajaj, Secretary, Revenue, Government of India, in his capacity asContinue reading “Meeting of BRICS Heads of Tax Authorities and Experts on Tax Matters held virtually under Chairship of India”

Amendment in Section 9 of Income Tax Act, 1961- THE TAXATION LAWS (AMENDMENT) ACT, 2021 -13 Aug 2021 II Final law to end retro tax II

 THE TAXATION LAWS (AMENDMENT) ACT, 2021 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 13th August, 2021/ Sravana 22, 1943 (Saka) The following Act of Parliament received the assent of the President on the 13th August, 2021, and is hereby published for general information:— THE TAXATION LAWS (AMENDMENT) ACT, 2021NO. 34 OF 2021Continue reading “Amendment in Section 9 of Income Tax Act, 1961- THE TAXATION LAWS (AMENDMENT) ACT, 2021 -13 Aug 2021 II Final law to end retro tax II”

Highlights of Taxation Laws (Amendment) Bill 2021 (To end retro tax on Indirect transfer)

Highlights of Taxation Laws (Amendment) Bill 2021 (To end retro tax on Indirect transfer) The objective of Taxation Laws (Amendment) Bill 2021 is to make the indirect transfer provision apply prospectively i.e from May 2012. Consequently, all existing and future retrospective tax demands are sought to be nullified on this matter. Taxpayers who were impactedContinue reading “Highlights of Taxation Laws (Amendment) Bill 2021 (To end retro tax on Indirect transfer)”

India joins OECD/G20 Inclusive Framework tax deal

Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India)adoptedyesterday ahigh-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy. The proposed solution consists of two components- Pillar One which is about reallocation of additional share of profit to theContinue reading “India joins OECD/G20 Inclusive Framework tax deal”

‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal launched today

Law Minister Shri Ravi Shankar Prasad launches ‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal Portal will enable online filing of Appeals, Applications, documents etc. by various parties Cases of  Income Tax Appellate Tribunal should be integrated in National Judicial Data Grid: Shri Ravi Shankar Prasad Posted Date:- Jun 25, 2021 Shri RaviContinue reading “‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal launched today”

International Taxataion: Cabinet approves Agreement between India and Saint Vincent and The Grenadines for the Exchange of Information and Assistance in Collection with respect to Taxes

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved anAgreement between the Republic of India and Saint Vincent and The Grenadines for the Exchange of Information and Assistance in Collection with respect to Taxes. Details of the Agreement: i)     This is a new Agreement between the Republic of India and Saint Vincent andContinue reading “International Taxataion: Cabinet approves Agreement between India and Saint Vincent and The Grenadines for the Exchange of Information and Assistance in Collection with respect to Taxes”

DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)

Dear Sir, Please find below YouTube Link of Video on DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)https://www.youtube.com/watch?v=CLLl4Sw4iG0 Topic Cover ✅ Financial planning for Dividend decisions ✅ Company law provisions applicable on declaration & payment of Dividend ✅ Taxability of divided-Taxability in hands of CompanyContinue reading “DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)”