General Anti Avoidance Rule

OVERVIEW OF INDIAN GENERAL ANTI AVOIDANCE RULE (GAAR) PROVISIONS GENERAL ANTI AVOIDANCE RULE (GAAR) PROVISIONS SECTION 95 Power of tax authority to declare an arrangement

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GAAR Examples

GAAR EXAMPLES – 1 : TAX MITIGATION SETTING UP AN UNDERTAKING IN AN SEZ Facts India Chem, an Indian company sets up a unit in

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FAQ ON GAAR

FAQ ON GAAR- CIRCULAR NO. 7 OF 2017 DATED 27-1-2017 FAQs ON GAAR – QUESTION 1 : – Will GAAR be invoked if SAAR applies?

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Controlled Foreign Corporation

Controlled Foreign Corporation, as the name suggests, is a foreign corporation, which is incorporated in a low tax jurisdiction and are controlled by a person

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E-commerce Transactions

Module 6 – Taxation of E-commerce Transactions, CA Final International Taxation Elective Paper 6C WHAT IS AN E-COMMERCE TRANSACTION ? E-commerce transactions are transactions of

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Equalization levy Finance act 2016

INTRODUCTION OF NEW CHAPTER OF EQUALIZATION LEVY Considering the potential of new digital economy, and the rapidly evolving nature of business operations, it is  essential

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Issues in E-commerce Transactions

Issues in E-commerce Transactions Determination of Economic Attachment Taxation rules are based on either place of attachment (in case of individuals) or economic  attachment. In

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What is E-commerce Transaction

WHAT IS AN E-COMMERCE TRANSACTION ? E-commerce transactions are transactions of buying or selling online, which are made through the use of computers / mobiles/

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Foreign Exchange Rate

Meaning of Foreign Exchange Rate Foreign exchange, for a Country A, refers to all the currencies, other than the local currency of Country A. Foreign

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Simple Economy

Definition of Economy Economy is a system which provides people, the means to work and earn a living. For example, Indian economy consists of all

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Authority for Advance Rulings

Authority for Advance Rulings (AAR) CONCEPT OF ADVANCE RULING Sometimes, a person, who enters into a transaction, may not be sure relating to the amount

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Reserves

Reserves Any amount set aside from the profits of a business is known as reserve. The amount so kept separate is retained in the business

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