We are pleased to share with you copy of latest article titled “Thin Capitalization Rules in India: Interest(ing) Limitations” co-authored by Mr. Neeraj Jain, Partner and Mr. Aditya Vohra, Principal Associate, Direct Tax team. The article has been published by Tax Management International Journal (49 TMIJ 4, 04/10/2020). To read the article, click at Download […]
We are pleased to share with you the copy of latest article titled ‘Delhi HC’s Recent Decision on Taxation of NR’s Services to Oil Industry – A Critique’ authored by Mr. Gaurav Jain and Ms. Manisha Sharma from our Direct Tax team, with valuable inputs/feedback from Mr. Ajay Vohra, Sr. Advocate, which has been recently […]
An issue plaguing successful resolution applicants under the Insolvency and Bankruptcy Code, 2016 (“IBC”) is with respect to government claims pertaining to the period prior to approval of the Resolution Plan. Government claims, such as those raised by the Income Tax Department, Central and State GST Department, extinguished by resolution plans continue to be pursued […]
We are pleased to share with you the copy of latest article authored by Mr. Rohit Jain and Mr. Deepesh Jain from our Direct Tax team. The same is also published Taxmann [(2020) 116 taxmann.com 96 (Article). The article deals about the fate of statutory liabilities including income tax liabilities of the corporate debtors undergoing […]
The existing regime of taxation of dividend in India is provided in Section 115-O of the Indian Income Tax Act, 1961 (the Act), which is a special provision for the levy of additional income tax on such distributed profits, commonly referred to as dividend distribution tax (DDT), on the amount of dividends declared or distributed […]
The requirement to file a tax return in India is provided under Section 139(1) of the Indian Income-tax Act, 1961 (the Act), whereby all companies are required to furnish an income tax return irrespective whether the income earned by them (which has territorial nexus with India) is chargeable to tax in India or not (see […]
