On 19 December 2023, CBDT released a notification to amend safe harbour rules (SHR) in India. The amendments aim to change the definitions of intragroup loans and operating expenses/revenue and the scope of intragroup loans effective from 1 April 2024. Change in definitions: Intragroup loans:...
1st April 2012, is not just a regular amendment but replaces all the existing direct tax laws in India. The drafters have also worked 'on a clean drafting slate'. This seems to be sufficient impetus for a deeper scrutiny of the Code for all those who derive income from India and thus ...
Understanding the tax laws in India is essential to ensuring you comply with all applicable rules and regulations. Fortunately, there are several possible taxes that may be incurred when remitting money to India. These include income tax, capital gains tax, wealth tax, and service tax. Income ta...
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Taxmann.com | Criminal Laws – Mobile App is a comprehensive platform for India's criminal laws, offering features to read, compare, and analyze old and new laws, with advanced search tools and integrated AI for instant legal guidance, catering to legal professionals, scholars, and students. ...
The current form published in the Official Gazette does not bring substantial changes compared to the drafts of the two Laws. Among the most important regulated aspects are the following: o aspects related to the definition of certain terms, the corporate income tax, the value added tax, excise...
Tax system reform in India: Achievements and challenges ahead - ScienceDirect Indian tax system has come a long way from the narrow based, complicated and confiscatory to the one that is far more efficient. Over the years, the thrust... M.,Govinda,Rao - 《Journal of Asian Economics》 ...
Changes in UAE Tax Law: New Corporate Tax Rules for 2024 In 2024, the UAE made significant changes to its corporate tax landscape, ushering in a new era of taxation for businesses operating in the region. Known for its business-friendly environment, the UAE has long offered attractive incentiv...
For a company that does business internationally, it’s always a challenge to keep track of all relevant national tax laws. A firm operating in India, however, needs more than just smart financial and legal advisors; it needs a crystal ball. Indian legis
and skill in tax laws and regulations, allowing them to provide accurate and up-to-date guidance adapted to the individual circumstances of each organization. Second, by retaining competent tax counsel, firms can assure compliance with applicable tax rules, lowering the risk of penalties, fines, ...