Taxation

Taxation

Taxation

Taxation

Special Value Branch Rules

The import of goods from related parties are referred to Special Valuation Branch (SVB) of Indian custom authorities to investigates transaction value...

Trending Topics · 2 years ago · By  ILO Editorial

Taxation

Taxation

Assessment and Litigation - Income Tax Controversy

The Indian Constitution has empowered only the Central Government to levy and collect income taxes. The Ministry of Finance (Department of Revenue)...

Trending Topics · 3 years ago · By  ILO Editorial

Taxation

Low Tax Deduction Certificate

Provisions of section 197 of the Income Tax Act, 1961 provides taxpayers the facility of lower tax rate or NIL deduction of TDS (TDS exemption). This...

Trending Topics · 3 years ago · By  ILO Editorial

Taxation

Permanent Establishment (PE) in India

The concept of a PE is defined in the Double Tax Avoidance Agreement between countries and Income Tax Act 1961. The foreign enterprise would consider as a Permanent Establishment in...

Trending Topics · 3 years ago · By  ILO Editorial

Taxation

Appeal under Custom Laws

The Indian Constitution has empowered only the Central Government to levy and collect income taxes. The Ministry of Finance (Department of Revenue) through the Central Board of Indirect Taxes and Customs (CBIC), an apex tax authority, implements and administers indirect tax laws....

Trending Topics · 3 years ago · By  ILO Editorial