Chartered Accountants
A few days back, I was talking to a friend of mine, whose children are Out of Singapore for studying. She confided in me about her feelings of loneliness, worry and leaping depression, because of that. I felt scared. I felt scared at the thought of my children leaving me for exploring the educational avenues, […]
This tax alert summarizes the recent ruling given by Income Tax Appellate Tribunal, Delhi branch, which rules that TDS u/s. 195 is not applicable on payment of corporate guarantee fees by assessee [an Indian Co.] to its Dutch holding co. [AE] during AYs 2009-10 & 2010-11 and held that guarantee fee neither partakes the nature […]
ITAT rejects profits attribution to alleged DAPE considering arm’s length remuneration to agent. This tax alert summarizes the recent ruling given by Income Tax Appellate Tribunal, Mumbai branch, which rules that once an agent has been paid arm’s length remuneration, and the income embedded in such remuneration has been taxed in India, no further profits […]
You water me I water you. Together we Grow. (Famous words by Brandon Nembhard) How many of us actually believe and mean that we grow together. Well, It holds true for almost all of us. We may be doing different things in different zones, for example I may be preparing a project all by myself, […]
When someone in your life is asking the important question “What should I do with my life?” – have you ever told them “Just follow your passion”? Turn your passion into a job, and the money will follow.” “Do what you love, and you’ll never work a day in your life.” If so, please stop […]