Relevant previous year for chargeability to tax – Undisclosed Foreign Income – Section 3 The provisions of the Black Money Act are applicable with effect
Asset Located outside India Acquired by NR out of income not chargeable to tax in India – Section 2(11) In certain cases, a person may
DEFINITION OF UNDISCLOSED ASSET LOCATED OUTSIDE INDIA – SECTION 2(11) An assessee who is holding any ‘undisclosed asset located outside India’ [hereinafter referred to as
Applicability of Black Money Act to Persons Resident in India The provisions of the Black Money Act may be applicable to the following : –
The provisions of Black Money Act shall be applicable only when the person, who has undisclosed foreign income or undisclosed foreign asset is covered within
Basis of Charge – Section 3 – Black money act The assesse shall be liable to pay income-tax at the rate of 30% in respect
In the recent past, all of you must have heard of Black Money discussions in the media and press, and how , many wealthy people
Topics Covered under Module 8 – Anti avoidance measures in International Taxation CA Final Elective Paper 6C Tax avoidance General Anti Avoidance Rule GAAR Examples
Interpretation of Tax Treaties – CA Final International Taxation WHAT IS INTERNATIONAL TAX LAW International tax law are the tax laws, which apply to tax
Topics Covered under CA Final International Taxation Elective Paper 6C, Module 2 – Taxation of Non Resident Introduction to Non-Resident Taxation Residential Status Section 6
EXTRINSIC AIDS TO INTERPRETATION OF A TAX TREATY There are several extrinsic material used in interpretation of tax treaties including the following : – Interpretative
There are two views on the Interpretation of Tax Treaties. Different countries may follow either of these rules for interpretation of tax treaties. The classification