TRANSFER PRICING Meaning Commercial transactions between the different parts of the multinational groups may not be subject to the same market forces shaping relations between the two independent firms. One party transfers to another goods or services, for a price. That price is known as “transfer price”. This may be arbitrary and dictated, with no […]
Month: February 2015
Double Taxation Avoidance Agreements
Notification No. GSR 792(E) [29-08-1989]Agreement for avoidance of double taxation of income from international air transport with Pakistan Notification No. GSR 382(E) [27-03-1989]Agreement for avoidance of double taxation and prevention of fiscal evasion with Netherlands Notification No. GSR 857(E) [12-08-1988]Agreement for avoidance of double taxation of income derived from international air transport with People’s […]
Double Taxation Avoidance Agreements
Notification No. GSR No. 920(E) [06-12-1983]Agreement for avoidance of double taxation and prevention of fiscal evasion with Mauritius Notification No. GSR 22(E) [01-07-1982]Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Libyan Arab Jamahiriya Notification No. 40 [29-10-1979]Agreement with African National Congress Mission – Exemption from income-tax on salaries and employments paid […]
Double Taxation Avoidance Agreements
Notification No. 47/2014 [F.NO.501/08/1979-FTD-I] [24-09-2014] [24-09-2014]SECTION 90 OF THE INCOME-TAX ACT, 1961 – DOUBLE TAXATION AGREEMENT – AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES – POLAND Notification No. 44/2014 [F.NO.501/3/99-FTD-II ][23-9-2014] [23-09-2014]SECTION 90 OF THE INCOME-TAX ACT, 1961 – DOUBLE TAXATION AGREEMENT – AGREEMENT FOR AVOIDANCE OF DOUBLE […]
Taxability Income earned in India Vs income earned abroad
Taxability of an income depends on where the income was received or where it was earned /accrued, whether in India or abroad. Depending on this, income will be considered to have been earned in India which helps in determining its taxability. The below article helps us to understand the concept of income earned in India. […]
