Article 6 Income from Immovable property – Introduction Article 6 Immovable property, relates to the taxation of income from immovable property , which a taxpayer, who is a resident of one country, may have in a foreign country. In such a case, the first right to tax such income, is given to the country in … Read more
Chapter XVII-B of the Income Tax Act, 1961, (hereinafter referred to as the “Act”) contains provisions which lay down the guidelines with respect to the concept of Tax Deduction at Source, i.e. TDS. It lists down the nature of transactions for which tax is to be deducted at source by the payer, before making the … Read more
UAE Economic Substance Regulation UAE Cabinet introduced the UAE Economic Substance Regulations on 30 April 2019 which was with Cabinet Resolution No. 57 of 2020 on 10 August 2020 The Economic Substance Regulations are applicable retroactively from 01 January 2019. The Economic Substance Regulations in UAE is applicable to UAE mainland companies, UAE free zone … Read more