Exemption of income accruing or arising to a foreign company on account of storage of crude oil in a facility in India and sale of crude oil therefrom to any […]
All posts by TANI AGARWAL - 16. page
Professional Tax Consultant and Article Writer
Exemption under section 10(34) not to apply to dividend chargeable to tax in accordance with section 115BBDA
Exemption under section 10(34) not to apply to dividend chargeable to tax in accordance with section 115BBDA : Effective from: A.Y.2017-18 (i) Section 10(34) exempts dividend received by a shareholder […]
SIGNIFICANT NOTIFICATIONS/CIRCULARS
SIGNIFICANT NOTIFICATIONS/CIRCULARS : Basis for determining the period of stay in India for an Indian citizen, being a member of the crew of a foreign bound ship leaving India […]
Special Taxation Regime for offshore funds: Modification of certain conditions [Section 9A]
Special Taxation Regime for offshore funds: Modification of certain conditions [Section 9A] : Effective from: A.Y. 2017-18 (i) Under section 9A, a special regime has been provided in respect of […]
Deferral of applicability of POEM based residence test and incorporation of transition mechanism for a company incorporated outside India and which has not earlier been assessed to tax in India [Section 6(3)] :
Deferral of applicability of POEM based residence test and incorporation of transition mechanism for a company incorporated outside India and which has not earlier been assessed to tax in India […]
No income deemed to accrue or arise in India to a foreign mining company through or from the activities which are confined to display of uncut and unassorted diamonds in a Special Notified Zone [Explanation 1 to section 9(1)(i)]
No income deemed to accrue or arise in India to a foreign mining company through or from the activities which are confined to display of uncut and unassorted diamonds in […]
Increase in rebate under section 87A
Increase in rebate under section 87A Effective from: A.Y.2017-18 (i) Under section 87A, a rebate of an amount equal to 100% of income-tax or an amount of ` 2,000, whichever […]
Set-off of losses not permissible against unexplained income, investments, money etc. chargeable under sections 68/69/69A/69B/69C/69D [Section 115BBE]
Set-off of losses not permissible against unexplained income, investments, money etc. chargeable under sections 68/69/69A/69B/69C/69D [Section 115BBE] Effective from: A.Y.2017-18 (i) Under section 115BBE, unexplained cash credits under section 68, unexplained […]
Government grant or subsidy, for the purpose of the corpus of a trust or institution established by the Central Government or State Government not to be included in the definition of income [Section 2(24)]
Government grant or subsidy, for the purpose of the corpus of a trust or institution established by the Central Government or State Government not to be included in the definition […]
Applicability of surcharge and cess on distribution tax
Applicability of surcharge and cess on distribution tax : Surcharge@12% would be leviable on distribution tax levied under sections 115-O, 115- QA, 115R, 115TA and 115TD. Further, education cess@2% and […]