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Cairn Energy: Retrospective tax: India to put safeguards in place to avoid another Cairn

The Centre will ensure that adequate safeguards are in place when settling retrospective tax disputes with companies to protect itself from possible future challenges from any stakeholder at global forums. ....

Girish Vanvari , Rakesh Nangia , Nangia Andersen India , Cairn Energy , Retro Tax , கிரீஷ் வான்வாரி , ராகேஷ் ணங்கிய , ணங்கிய ஆண்டர்சன் இந்தியா , கெய்ன் ஆற்றல் , ரெட்ரோ வரி ,

Income taxpayers to get time beyond May 31 for filing appeal

Income taxpayers to get time beyond May 31 for filing appeal
May 26, 2021
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CBDT to consider SC’s order and decide on extending the period of limitation for filing appeal; matter listed for May 27
The Central Board of Direct Taxes (CBDT) has said that taxpayers will get more time for filing appeal beyond May 31.
The board is apex policy making body for Income Tax and Corporate Tax.
In a circular, the board clarified that if different relaxations are available to the taxpayers for a particular compliance, the taxpayer is entitled to the relaxation which is more beneficial to him. Thus, “for the purpose of counting the period(s) of limitation for filing of appeals before the (CIT-Appeals) under the Act, the taxpayer is entitled to a relaxation which is more beneficial to him and hence the said limitation stands extended till further orders as ordered by the Supreme Court in Suo Motu Writ Petition (Civil) No.3 of 2020 vide order dated April 27, 2021.� ....

Madhya Pradesh , Rakesh Nangia , Supreme Court , Madhya Pradesh High Court , Central Board , Direct Taxes , Income Tax , Suo Motu Writ Petition , Income Tax Commissioner , Special Laws , Nangia Andersen India , மத்யா பிரதேஷ் , ராகேஷ் ணங்கிய , உச்ச நீதிமன்றம் , மத்யா பிரதேஷ் உயர் நீதிமன்றம் , மைய பலகை , நேரடி வரி , வருமானம் வரி , வருமானம் வரி ஆணையர் , சிறப்பு சட்டங்கள் , ணங்கிய ஆண்டர்சன் இந்தியா ,

Lok Sabha clears Finance Bill: Goods owned by Indians not to attract equalisation levy

Lok Sabha clears Finance Bill: Goods owned by Indians not to attract equalisation levy
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Rajya Sabha , Rakesh Nangia , Lok Sabha , Government Provident Fund , Development Financial Institution , Provident Fund , Finance Minister Niramla Sitharaman , Employees Provident Fund , Finance Bill , Nangia Andersen India , Permanent Establishment , Assessment Year , ராஜ்யா சபா , ராகேஷ் ணங்கிய , லோக் சபா , அரசு வருங்கால நிதி , வளர்ச்சி நிதி நிறுவனம் , வருங்கால நிதி , ஊழியர்கள் வருங்கால நிதி , நிதி ர சி து , ணங்கிய ஆண்டர்சன் இந்தியா , நிரந்தர ஸ்தாபனம் , மதிப்பீடு ஆண்டு ,

India reviews requests from NRIs facing double taxation due to Covid-19 restrictions

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India has asked non-resident citizens stranded in the country due to Covid-19 travel restrictions to submit relevant information if they faced double taxation.
India s Central Board of Direct Taxes (CBDT) said it received various requests for relaxation in determination of residential status for year April 2020 to March 2021 from NRIs or non-resident indians, who had to prolong their stay due to the movement restrictions.
In a notice on late Wednesday, the CBDT said that NRIs who faced double taxation, even after the initial relief provided by the government, would need to provide requested information for the department s review.
India imposed one of the world s strictest lockdowns, banning both domestic and international travel for months as the world s most populous country after China endeavoured to stem the spread of the Covid-19 pandemic. However, the measures also left many Indians, who were visiting the country but who work abroad, stranded. ....

Nishit Parikh , Rakesh Nangia , Neeraj Bhagat , Suditk Parekh Co , Bhuta Shah Co , Central Board , Direct Taxes , Nangia Andersen India , Harsh Bhuta , Bhuta Shah , Rebecca Bundhun , South Asia , நிஷித் பாறிக் , ராகேஷ் ணங்கிய , நீரஜ் பகத் , பூட்டா ஷா இணை , மைய பலகை , நேரடி வரி , ணங்கிய ஆண்டர்சன் இந்தியா , கடுமையான பூட்டா , பூட்டா ஷா , தெற்கு ஆசியா ,

SC rules in taxpayers' favour in software royalty case; ends two-decade old dispute

Cross-border payment for software not royalty, SC ends two-decade old tax dispute
SC says there is no obligation on a person to deduct tax at source, as the end-user licence agreements in these cases do not create any interest or right in such end-users, which would amount to the use of or right to use any copyright
Dipak Mondal | March 3, 2021 | Updated 13:35 IST
Tax experts hailed the SC order, saying the judgment would have a far-reaching impact
The Supreme Court has put an end to an over two-decade-old software royalty tax dispute after it ruled that cross-border payments made for the sale of software to a non-resident are not to be taxed as royalty . ....

Vishal Malhotra , Rakesh Nangia , Supreme Court , Samsung Electronics , Karnataka High Court , Delhi High Court , National Tax Leader , Double Taxation Avoidance Agreement , Nangia Andersen India , Supreme Court Order On Software Royalty Tax , Software Royalty Tax Dispute , Tax At Source , Income Taxable In India , Tax Treaties , Tax On Software Purchase , Sale Of Computer Software , விஷால் மல்ஹோத்ரா , ராகேஷ் ணங்கிய , உச்ச நீதிமன்றம் , சாம்சங் மின்னணுவியல் , கர்நாடகா உயர் நீதிமன்றம் , டெல்ஹி உயர் நீதிமன்றம் , தேசிய வரி தலைவர் , ணங்கிய ஆண்டர்சன் இந்தியா , உச்ச நீதிமன்றம் ஆர்டர் ஆன் மென்பொருள் ராயல்டி வரி , மென்பொருள் ராயல்டி வரி தகராறு ,