MEANING OF POEM (PLACE OF EFFECTIVE MANAGEMENT) POEM (Place of Effective Management), is an internationally acceptable test to determine, whether a company incorporated in a
Residential Status Section 6 – The quantum and applicability of tax on a person, depends upon the Residential Status of such person. Under the Income
Royalty meaning – Section 9 of Income Tax Act In order to understand the taxation of royalty, we need to first understand the royalty meaning
DTAA between India and USA The DTAA between India and USA has been entered for the avoidance of double taxation and the prevention of fiscal
RESIDENTIAL STATUS OF A COMPANY – INTRODUCTION Residential status of a company, is an important factor to determine, whether the company would be liable to
Assessment Year – Meaning “Assessment year” means period of twelve months starting from April 1 of every year, and ending on March 31 of next year (
Articleship assessment test ICAI – MCQ Question 1:- Which of the following are the prevalent business forms in digital economy :- (a) Business to Business
Articleship assessment test ICAI – MCQ Question 1:- Which of the following are tax-Avoidance Techniques :- (a) Controlled Foreign Company (b) Treaty Shopping (c) Use
Articleship assessment test ICAI – MCQ Question 1:- Which of the following treaty is comprehensive DTAA? (a) India-Afghanistan DTAA, which has limited Article (b) India-Pakistan
INCOME PAYABLE NET OF TAX – SECTION 195A Net of tax arrangements are agreements, where, TDS deductible on any given income in India is to
Articleship assessment test ICAI – MCQ Question 1:- The AAR has to pronounce its ruling within a statutory time limit of _________ of the receipt
Articleship assessment test ICAI – MCQ Question 1:- Which of the following assets may be considered as undisclosed asset located outside India (i.e., foreign assets)?