Tax on Non-Resident Indians -New Dimensions of ‘liable to tax’

Saturday April 10, 2021

Tax on Non-Resident Indians -New Dimensions of ‘liable to tax’ The Finance Bill, 2021, has introduced a clause (29A) in section-2 of the Income Tax Act, 1961, defining “liable to tax” as under: “(29A) “liable to tax”, in relation to a person, …

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BEPS – Changing Dynamics of International Tax

Monday March 2, 2020

A: Introduction Primarily, many country enter into Double Taxation Avoidance Agreements (DTAA) with other countries to boost economic relations with that country thereby giving income exemptions or tax credit on doubly tax income of the residents of their respective country. …

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India Getting ready to Tax on Digital Transactions & Income from India source Data

Tuesday February 18, 2020

A: Introduction India is leading developing Countries at Global forum OECD/G20 to corner the developed countries to achieve consensus on ‘Digital Tax’. BEPS Action Plan-1: Tax Challenges Arising from Digitalisation to address issues raised by digitalisation of the economy to …

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Taxability of Fee for Technical Services (FTS)

Wednesday May 1, 2019

In case of Treaties without FTS Clause The FTS clause is generally there in treaties, barring a few such as Brazil, Thailand, Philippines, Greece, Mauritius and Zambia. The key issues:- (a) Whether a transaction gets covered under an Article dealing …

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PAN is Mandatory for all payments to non-residents?

Friday April 26, 2019

Section -206AA: Non-obstante provision – “Notwithstanding anything contained in any other provisions of this act …” Obligation to furnish PAN on any person receiving any sum or income or amount on which tax is deductible. In absence of PAN, tax …

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Importance of Tax Residency Certificate (TRC) in Non-Resident Payments?

Wednesday April 24, 2019

Is TRC enough for claiming the DTA benefit?

Q. 1: What are the Legal provisions on TRC? Answer: S. 90(4) – NR cannot avail benefit under Treaty without Tax Residency Certificate (TRC). S. 90(5) – The assessee has to provide such other details as may be prescribed. Rule …

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Role of Protocol and MFN Clause in interpreting Tax Treaties (DTAAs)

Tuesday April 23, 2019

Q. 1: What is Most Favored Nation (MFN) Clause in Tax Treaty? MFN clause refers to a situation wherein two non-resident taxpayers are given impartial treatment by the source country. In DTAAs, MFN clauses find place when countries are reluctant to forgo their …

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Tax Withholding Provision u/s 195 of Income Tax Act (ITA)

Monday April 22, 2019

Section 195 of ITA casts obligation on every payer to withhold tax at the time of payment or recognizing credit in favor of non-resident on any sum which is chargeable to tax in the hands of non-resident recipient with the …

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Rohit Ohri

“Keeping up with the constant changes in the legal and taxation environment is becoming harder by the day. People with busy work lives, like myself, find doing this enormously challenging. Thanks to the super dynamic team at DSRV and Co LLP, Chartered Accountants that all my tax returns were filed smoothly. I don’t have to worry about the timely and correct filing of tax returns, investment planning, digital compliances, representations, etc. I am glad to have hired a competent team of professionals and I am completely satisfied with their services.”

Satya Bonala

“Partnering with DSRV and Co. LLP, Chartered Accountants for all our monthly financial compliances and other tax related issues has been immensely beneficial from the perspective of Vox Populi Research. Their quality of work is highly professional with a proactive approach. We can always count on them for all our accounting and taxation needs without worrying about the deadlines. We have been working with them since the inception of Vox in 2008 and we never had to look back at this relationship. Not only on regular matters, they have also given us very sound guidance, counsel and options when we have had service tax issues with the dept. (which have since been resolved by the dept. to our satisfaction). We truly value this partnership with DSRV and look forward to working with them for a very long time to come.”

Mahesh Pahwa

“We are pleased to confirm that we have been working with DSRV and CO. LLP, Chartered Accountants for more than two decades. Their invaluable tax advisory & support services has helped our WELCO group grow manifold. They have extensive knowledge about all Indian tax matters and act in the best interest of business.

Over the years a healthy business relationship has been built , which is based on trust, reliability and timely service

Based on our satisfaction of services provided ,we are of the opinion that it is one of the best CA firms in Gurgaon.”

Vinod Kapur

“I sincerely thank DSRV and Co. LLP, Chartered Accountants for their valuable insights and customised handling of our tax compliances including matters relating to International Tax, transfer pricing etc. Your active assistance in handling tax litigation procedures has helped us immensely. You entertain the requirements of the direct & indirect taxes in a personalised & efficient way.. Your wide coverage of the Income Tax & Goods and Services Tax helps your clients, not only to avoid but to prevent any future litigations most effectively.

I extend best wishes to you and your team particularly Mr Utkarsh and am sure your firm will touch new heights in upkeeping professional demands of the CA profession in coming times.”

Pramod Bhambani

“I am happy to provide you with my feedback on my experience of dealing with your firm on Personal and family tax services including planning, advisory on domestic and overseas investments. The services have been appreciated and very valuable indeed.

“I have been dealing with DSRV and Co. LLP, Chartered Accountants since last more than 16 years. The dealings have been very professional and advise is always customised based on their extensive knowledge with regards to domestic tax, International Tax, FEMA regulations etc. In my over 16 years of experience of them managing my and my family tax returns I have always found them to be a very reliable partner. I would have no hesitation to recommend DSRV and Co. LLP for all matters related to Personal Tax Advisory and Consultancy services.”

Category: International Taxation