Mondaq Asia Pacific: Tax
The article considers if it is still important that pensions be made 'auto-reversionary', after the MYEFO announcement.
The article outlines key factors in seeking ATO compensation - particularly on applications made under the CDDA Scheme.
The classification of premises as either RP or CRP for GST purposes has long been an area of unnecessary complexity.
The new Budget expects some businesses to pay tax before receiving payment from customers, creating cashflow problems.
The new policy will impact the tax cost of Home Entities and the structuring of international assignment arrangements.
The courts have recently handed down two separate tax decisions, both highlighting the need for vigilance from the taxpayer when managing its tax affairs.
The Indian government has, in the recent past, introduced a mandatory requirement of furnishing Tax Residency Certificate, for non-residents seeking tax treaty benefits.
At a time when the contours of business are undergoing major transformations on account of technological advancement across the world, issues such as those deliberated by the Kolkata Tax Tribunal in ITO v. Right Florists Limited1 were bound to arise.
The Indian Finance Minister presented the annual budget for 2013/2014 on 28 February 2013.
A recent judgment of Delhi high court in the case of CIT v. Gita Duggal tries to clarify the applicability of levy of capital gains on such transaction.
A discussion on the recommendations made by the Government of India in its report on "Taxation of Development Centers and IT Sector".
The Tribunal observed that captive power plants and manufacturing units are treatable as integrated units.
Taxation Environment in a Country has also been and always remains a matter of concern for foreign investors. A foreign investor always looks for certainty and favorable taxation environment.
Dividend distribution tax is an income tax on the distributable profits of the domestic company.
Sometimes Tax treatment of income arising by an Individual may not be clear from direct provisions of the Income tax act, 1961.
The Union Finance Minister Mr. P Chidambaram presented the Union Budget 2013-14 in the Lok Sabha on 28th February, 2013.
The interpretation and implementation of the provisions of a Double Tax Avoidance Agreement has been controversial since the Vodafone-Hutch deal in 2007.
At the outset, it is important to mention that the tax may be levied/deducted on the sums, amounts, payments, incomes which are taxable in India.
The Central Board of Excise & Customs allowed passengers importing firearm as baggage on transfer of residence to dispose the same after ten years of import to persons legally entitled to possess firearm.
A number of case summaries relating to the topics of international trade, customs and tax.
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Service tax was initially introduced in the year 1994, when service tax was made applicable on only three services.
Exemptions or concessions on stamp duty could apply when contemplating the purchase or transfer of NSW real estate.
A discussion on the Stamp Duty in India.
The government has announced possible future reforms to superannuation legislation, unlikely before the 2013 election.
This article highlights some of the issues that a non-US foreign financial institution will face as a result of FATCA.
A summary of recent cases & legislative changes in the areas of customs and trade.
The proposed changes make personal income tax return compliance more complex and are against stated Government policy.
A recent judgment of Delhi high court in the case of CIT v. Gita Duggal tries to clarify the applicability of levy of capital gains on such transaction.
The Indian government has, in the recent past, introduced a mandatory requirement of furnishing Tax Residency Certificate, for non-residents seeking tax treaty benefits.
The FCT rules describe the tax obligations of foreign entities who do business in or receive income from Vietnam.
