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
DOUBLE TAXATION AVOIDANCE AGREEMENT or DTAA MEANING DTAA Meaning – Tax treaties , which are also called Double Tax Avoidance Agreements, or DTAAs, are agreements
Treaty Definition – Article 2 of Vienna Convention on Law of Treaties, 1969 defines “Treaty” as – “Treaty” means an international agreement concluded between States