Corporate Taxes Archive

Vodafone Vs IT Department-HEL Acquisition

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
The ruling of the Permanent Court of Arbitration based in Hague, in Vodafone Vs Income Tax (IT) Department (India) dispute on the demand of withholding tax on the acquisition of Hutch Essar Ltd, is in favour of
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 8 Read More

Vodafone Vs IT Department Tax Dispute-Timelines

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
Vodafone Group PLC is now relieved to a great extent. The ruling of the Permanent Court of Arbitration based in Hague, supports the company’s stance that there was no tax liability on its part in the acquisition
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 7 Read More

TDS rate applicable for FY 2019-20 (AY 2020-21)

TDS rate, interest on bank deposit, rent, contractor, lottery, horse race, brokerage FY 2019-20, AY 2020-21, Threshold, Tax deducted at source, PAN
TDS (Tax deducted at Source) is made at the rates specified in the relevant provisions of the Act or the First Schedule to the Finance Act.  TDS rates applicable for FY 2019-20 (AY 2020-21) for various sources
3 Jul 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Advance Tax – Due Dates

Advance-tax-due-date-payment-mode-instalments-Presumptive-Taxation-Scheme-,electronic payment mode, internet bank, assessing officer, companies, auditing
Advance Tax is covered under Section 208 of Income Tax Act. As per this Section, every person whose estimated tax is Rs.10,000 or more shall pay the tax in advance in the form of Advance tax. Advance
19 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Rate of Income Tax For Companies & Firms -FY 2019-20 (AY 2020-21)

Tax, rates of tax, Rates of Income Tax, partnership firm, limited liability partnership, LLP, local authority, co-operative society surcharge, health cess, education cess, rebate, 87A, income slab, resident, individual, huf, BOI, AOI, artificial person taxed, income tax, income, AY, FY, 2019-20,2020-21, assessment, financial, year
Rules of Income Tax Act are subjected to periodical revisions and the rates undergo changes. Different tax rates are stipulated for various categories of taxpayers and for different sources of income. The rates of  income tax applicable
18 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Income Tax for Partnership, Society and Domestic Company – FY 2018-19 (AY 2019-20) 

Tax, rates of tax, AY, FY, 2018-19,2019-20, assessment, financial, year, taxable, rates of Income Tax, surcharge, health and educational cess, tax, Partnership firm, LLP, cooperative society, domestic company income tax, income,
Rates of Income tax applicable for Partnership Firm (including LLP), co-operative society and domestic company applicable to the Financial Year 2018-19 (Assessment Year 2019-20) are furnished below.  1.    Rates of Income Tax FY 2018-19 (AY 2019-20)–  Partnership
31 Oct 18 Author CategoryCorporate Taxes No Comment Read More

Budget 2018-19: Direct and Indirect Tax Proposals

Direct tax, indirect tax, budget 2018-19, proposal, customs duty, excise duty, cess, service tax, revenue
Direct and Indirect Tax Proposals contained in the budget 2018-19 presented by Finance Minister Mr. Arun Jaitley  indicate that the central government is not willing to pursue  populism even in a pre-election budget.  Direct and Indirect Tax
3 Feb 18 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

GST council announces changes and date extensions for  GST return filing

GST, GST council, return filing, 23rd, Guwahati, changes in forms, penalty, deadline, filing, below Rs. 1.5 Cr, above Rs. 1.5 Cr, companies, simplify, ease, Goods and Services Tax Council, GSTR-1, GSTR-2, and GSTR-3
GST rate cut was the major announcement made by the Goods and Services Tax Council in its 23rd meeting in Guwahati.  Apart from that a number of measures were also announced to ease compliance norms with regard
13 Nov 17 Author CategoryBanking News, Corporate Taxes No Comment Read More