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International Taxation

19 Countries Which Give Citizenship Based on Investment for Indians

As India does not allow dual citizenship, India's investment migration market is primarily centred around residence-by-investment programs. Up until a few years ago, India's market...
13 Tax Friendly Destinations Across the Globe for On the Move Consultant

16 Tax Friendly Destinations Across the Globe for Digital Nomad

Digital nomad is one with the ability to work from anywhere, you have the opportunity to legally reduce your tax burden by strategically choosing...
International Taxation

Global tax structure is going to look beyond global minimum corporate tax

Now that we know the Biden administration’s ideal rate for a global minimum corporate tax — 21% — it’s a bit easier to look at what...
International Taxation

G20 Gathering for US global minimum tax plan to Combat the COVID19 Pandemic

Finance Officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF's emergency reserves on Wednesday and...
ITAT: Long Term Capital Gain Tax (LTCG) does not apply to indirect transfer of Indian Assets

Arms Length Price Decided by ITAT Can be Scrutinized Further

"There cannot be any absolute proposition of law that in all cases where the Tribunal has determined the arm’s length price the same is...
OECD convention on Pillar One digital tax released

OECD convention on Pillar One digital tax released

The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive Framework) has released the text of a new multilateral convention that updates the international...
TAX

Amazon usage the advantage of US tax credit scheme to pay little tax on...

A study into the complex web of subsidiaries that make up the online retail giant Amazon has found the company takes advantage of generous tax credit...
Power to survey granted only to Investigation Directorates and TDS Comissionerates: CBDT.

Rule 11UA Amended to Broader Horizons for Non Resident Investors

The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents for issue of shares by an unlisted company within...
International Taxation

Finance Ministers are set to meet to discuss over G7 deal on corporate tax...

The UK is “cautiously optimistic” that the G7 group of advanced nations can agree the broad outlines of a global deal on taxing multinationals...
Procedure to claim DTAA benefits by NRI

Procedure to claim DTAA benefits by NRI

Procedure to claim DTAA benefits by NRIProcedure to claim DTAA benefits by NRI To benefits from the provisions laid under DTAA, an NRI individual will...
Policy

Finance Minister demands Extension of the Debt Service Suspension Initiative(DSSI) for 6 Months to...

Finance minister Nirmala Sitharaman has pitched for an extension of the Debt Service Suspension Initiative (DSSI) by six months through December 2021 to continue...
If You Own US Stocks Like Apple, Tesla etc – Don’t Forget to do this to avoid 10 Lacs Tax Penalty

If You Own US Stocks Like Apple, Tesla etc – Don’t Forget to do...

Get a Tax Penalty Notice of 10 Lakhs if you're buying stocks of Google, Apple, Meta, etc. but not disclosing these assets and dividends...
Indian CA's Might Soon be Allowed to Practice in UK and Canada and Vice Versa under Ongoing FTA's

Indian CA’s Might Soon be Allowed to Practice in UK and Canada and Vice...

Chartered accountants from the UK and Canada might be allowed to practice in India on a reciprocal basis, with the apex body ICAI making...
UK releases guidance on TP records requirement for Permanent Establishment

UK releases guidance on TP records requirement for Permanent Establishment

Introduction On 24 November 2023, Her Majesty's Revenue and Customs (HMRC) released guidance on the transfer pricing (TP) documentation requirements for permanent establishments (PEs) in...