Bird’s Eye view of Section 9 of Income Tax Act dealing with ‘Income deemed to accrue or arise India’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 9 Provision deals with Income deemed to accrue or arise in India Income Deemed to Accrue or Arise in India – Section 9 of … Read more
Bird’s Eye view of the ‘Income deemed to be received in India’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 7 Provision deals with Income deemed to be received in India Income Deemed to be received in India – Section 7 of Income Tax Act 1961 Income deemed to be received … Read more
Bird’s Eye view of the ‘Meaning of Income Received or Deemed to be Received’ Concept of taxation Non-Resident Taxation Meaning of “Income Received or Deemed to be Received” Income received or deemed to be received in India, during the previous year is taxable in hands of all Assessees irrespective of – whether the assessee is … Read more
Bird’s Eye view of the ‘Scope of Total Income on the basis of Residential Status’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 5 Provision deals with Calculation of Total Income on the basis of Residential Status Scope of total income on the basis of Residential Status – Section 5 of … Read more
Bird’s Eye view of the ‘Special Provisions for Foreign Company said to be resident in India- Section 115JH’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 115JH Provision deals with Taxation of Foreign Company which is resident in India Special Provisions for Foreign Company said to be resident in India – … Read more
Bird’s Eye view of the ‘Place of Effective Management (POEM) in India’ Concept of taxation Non-Resident Taxation International principle Place of Effective Management (POEM) Applicability of POEM Engagement in “Active Business Outside India” Topics Covered under Place of Effective Management (POEM) in India Meaning Of Place Of Effective Management (POEM) Non Applicability Of POEM (Place … Read more
Bird’s Eye view of the ‘Residential Status of Company’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 6- Residential Status Types of Residential Status Resident Non-Resident Factor for determining residency Place of Effective Management (POEM) Residential Status of a Company – Introduction Residential status of a company, is an important factor … Read more
Bird’s Eye view of the ‘Residential Status of HUF’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 6- Residential Status Types of Residential Status Resident and Ordinarily Resident (ROR) Non-Resident and Ordinarily Resident (NROR) Non-Resident Factor for determining residency Place of Control and Management i.e. Residential Status of Karta Residential Status … Read more
Bird’s Eye view of the ‘Residential Status of an Individual’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 6- Residential Status Types of Residential Status Resident and Ordinarily Resident (ROR) Non-Resident and Ordinarily Resident (NROR) Non-Resident Factor for determining residency Duration of stay within Indian territory Residential status of an individual, … Read more
Bird’s Eye view of the ‘Residential Status- Section 6’ Concept of taxation Non-Resident Taxation Provision of Income Tax Act, 1961 Section 6- Residential Status Residential Status Section 6 – The quantum and applicability of tax on a person, depends upon the Residential Status of such person. Under the Income Tax Act, 1961 : – Person … Read more