The guidance has also been updated for prescribed credit rating agencies. If the loan is given in Indian currency, the interest rate is linked to the State Bank of India (SBI) base rate, and the additional interest cost can go up to 600 basis points if the taxpayer has no credit rating...
05/29/2024 Taxation of a foreign company at a higher rate is not prevented by non-discrimination article of the tax treaty The Royal Bank of Scotland N.V. v. CIT (ITA/155/2005) (Cal) 05/24/2024 Interest paid by a permanent establishment of a foreign bank in India to its overseas ...
Find supplementary tax documents, such as distribution summary information, in this kit. Get the kit Tax information for trusts To obtain tax information for GSG please use the contact information below. iShares Tax Package Support 1-866-792-0048 ...
SSA between India and Brazil comes into effect, -19thagreement for India with another country. Welfare schemes for platform-based gig-workers proposed. Recommendation of 8.25% as rate of interest to EPF subscribers for FY 2023-24. Rulings Claim of undue influence by an employee who has voluntar...
Politicians don’t like cross-border investment because economic activity tends to migrate to places with lower tax rate, and thisputs downward pressureon tax rates. There is no evidence that people in the private sector use “offshore” entities in ways that are disproportionately dodgy. ...
(specify type of income): Explain the additional conditions in the Article and paragraph the beneficial owner meets to be eligible for the rate of withholding: Part III Certification Under penalties of perjury, I declare that I have examined the information on this form and to the best of my...
From 2023, the application of an exemption or a reduced withholding tax rate for the entire tax year (regardless of the amount of the payments) will be made possible through a statement filed once in the tax year. In the statement, the remitter will declare that the conditions for the ...
This ITR e filing is Used by entities such as charitable/religious trusts, political parties, scientific research institutions, and colleges/universities. Due Date for ITR Filing For the Assessment Year (AY) 2024-25, thelast date for an Income tax filing (Income tax returns)under section 139(...
The final recommendations from ICAI for simplifying the I-T Act include introducing a special tax regime for partnership firms/LLPs, simplifying the registration and taxation of charitable trusts, and clarifying provisions for determining individuals’ residential status. ...
The government of India has made some changes to income tax forms that people need to fill out while filing their income tax returns. The new forms are called ITR-1 and ITR-4 and will be used for the assessment year 2024-25. Read PDF The IT department ha