ECB’s (External Commercial Borrowings) are commercial loans/debts/borrowings raised by eligible resident entities from recognized non-resident entities outside India for commercial purposes and should conform to specified parameters.
In order to make the tax efficient salary structure for employees, organizations use to arrange meal cards for employees in agreement with companies providing meal cards
In a webinar organized by ET Markets and FICCI on Transparent Taxation, Finance Secretary Mr. Ajay Bhushan Pandey said that “it is completely doable, there may be some teething troubles but they can be addressed”
The faceless scrutiny assessment has been devised for greater transparency, greater efficiency, and accountability. The taxpayers or their representatives can submit their responses and Read more…
1. Curriculum reduction and skill-based education will be promoted, and rote based learning will be minimized. Assessment of core concepts Read more…
As per Explanation 2 to Section 9(1)(vi) of the Act, royalty means consideration (including any lump sum consideration but excluding any consideration which would be the income of the recipient chargeable under the head Capital gains).
Fees for Technical Services means any consideration (including any lump sum consideration) for the rendering of any managerial, technical or consultancy services (including the provision of services of technical or other personnel).