Interest Income and Taxation under Section 9(1)(v) of the Income Tax Act, 1961, and Double Taxation Avoidance Agreements (DTAAs)

Interest income taxation has been a subject of constant refinement in Indian tax law, particularly concerning the taxation of interest paid to both residents and non-residents. The provisions under Section…

Continue ReadingInterest Income and Taxation under Section 9(1)(v) of the Income Tax Act, 1961, and Double Taxation Avoidance Agreements (DTAAs)

Understanding Section 93 of the Income Tax Act: Avoidance of Income Tax by Transactions Resulting in Transfer of Income to Non-Residents

Introduction In today's globalized world, individuals and corporations often engage in transactions involving non-residents to minimize their tax liability in India. Section 93 of the Income Tax Act, 1961 is…

Continue ReadingUnderstanding Section 93 of the Income Tax Act: Avoidance of Income Tax by Transactions Resulting in Transfer of Income to Non-Residents