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International Tax

Domicile of an individual

Background: In the UK, Ireland and few other countries, domicile of an individual is one of the factors for determining the scope of taxation of such individual in that country. In the Indian context, Income tax law does not recognize the scope of taxation on the basis of the domicile;...

    
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International Tax

Non-resident E-Commerce operator’s taxation in India- Basic understanding

Background: We all are aware that the operations through E- commerce operators have been tremendously increasing all over the world. Virtual market and shopping is a new trend everywhere. People are much interested in shopping through online as it provides many new features and options. Due to Covid-19 pandemic situation...

    
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Direct tax / Withholding tax

Withholding tax (TDS) on payment of commission to a foreign agent for providing services outside India

Background: Due to rapid expansion of business outside India, various entities in India may require the services of the non-resident agents to perform various activities outside India for the purpose of establishing business outside India. Such activities may involve identification of the customers, suppliers etc. To perform such activities, Indian...

    
Shareholders tax on Amalgamation 0

Direct tax / Reorganization

Indian Income-tax law exempt shareholders from paying tax on amalgamation – Is it really so if part consideration is in cash?

Background: It is worth analyzing if the shareholders would be liable to pay tax if the part of the consideration on Amalgamation is paid through cash. Amalgamation of corporates is one of the mode of restructuring by which either one or more corporate/s merge with an existing company or two...

    
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