In India, the taxation of income derived from Fees for Technical Services (FTS) has undergone significant changes since its introduction. Understanding the legal framework around the taxation of technical services…
In today's globalized economy, foreign collaborations, particularly technical collaborations, play a crucial role in advancing industries, bringing new technologies, and enhancing manufacturing capabilities. However, the taxability of such agreements in…
The concept of "tax" under Section 2(43) of the Income-tax Act, 1961, has evolved over time through legislative amendments and judicial interpretations. This article breaks down its historical context, legislative…
https://www.sahiprojectreport.com/Tax laws in India are structured to ensure clarity, precision, and consistency. Among the many definitions provided under the Income Tax Act, 1961, the term "prescribed", as defined under Section…
In the ever-globalizing world of commerce, Indian companies have increasingly engaged with foreign entities, providing valuable intellectual property and technical services. To incentivize such transactions and foster international partnerships, the…
Section 35CCB of the Income Tax Act, 1961, was introduced with the primary goal of encouraging businesses and professionals to contribute towards the conservation of natural resources and afforestation efforts…
In its ongoing efforts to curb tax evasion and combat black money, the Indian government has introduced a significant amendment to Section 230 of the Income Tax Act, 1961. This…
The Indian Income Tax Act includes several provisions that outline the consequences of failing to deduct or collect taxes. Two crucial sections, Section 201 and Section 206C, govern the actions…
When it comes to running a business, managing expenses effectively is crucial. One significant area where businesses can save money is through tax deductions. Section 31 of the Income Tax…