IAS

Direct Tax 

Offshore funds- Under section 9A

September 28, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, Income deemed to accrue or arise in India, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, Offshore funds, SCOPE OF TOTAL INCOME, SECTION 9 OF INCOME TAX, section 9A, SECTION-9, TAX, UGC NET, wikipedia

PRESENCE OF ELIGIBLE FUND MANAGER IN INDIA NOT TO CONSTITUTE BUSINESS CONNECTION IN INDIA OF SUCH ELIGIBLE INVESTMENT FUND ON

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Direct Tax 

Royalty [Section 9(1)(vi)] Explanation

September 28, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, Income deemed to accrue or arise in India, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, Royalty, SCOPE OF TOTAL INCOME, SECTION 9 OF INCOME TAX, Section 9(1)(vi), SECTION-9, TAX, UGC NET, wikipedia

Royalty will be deemed to accrue or arise in India when it is payable by – (a)  the Government; (b)

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Direct Tax 

Income through transfer of a capital asset situated in India -Explanation to section 9(1)(i)

September 28, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, Income deemed to accrue or arise in India, INCOME TAX, INCOME TAX LAW, Income through transfer of a capital asset situated in India, IPS, law, NET, Non-resident under Scope of Total Income, SCOPE OF TOTAL INCOME, SECTION 9 OF INCOME TAX, SECTION-9, TAX, UGC NET, wikipedia

Income through transfer of a capital asset situated in India -Explanation to section 9(1)(i) (d) Capital gains arising through or

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Direct Tax 

Business Connection Explanation to section 9(1)(i)

September 25, 2019September 28, 2019 CA Harshita Raichandani 0 Comments Business Connection Explanation to section 9(1)(i), ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, Income deemed to accrue or arise in India, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, SCOPE OF TOTAL INCOME, SECTION 9 OF INCOME TAX, SECTION-9, TAX, UGC NET, wikipedia

‘Business connection’ shall include any business activity carried out through a person acting on behalf of the non-resident [Explanation 2

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Direct Tax 

Income deemed to accrue or arise in India [Section 9]

September 21, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, Income deemed to accrue or arise in India, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, SCOPE OF TOTAL INCOME, SECTION 9 OF INCOME TAX, SECTION-9, TAX, UGC NET, wikipedia

Certain types of income are deemed to accrue or arise in India even though they may actually accrue or arise

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Direct Tax 

Income ‘accruing’ and ‘arising’

September 19, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, INCOME accruing, INCOME arising, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, SCOPE OF TOTAL INCOME, TAX, UGC NET, wikipedia

Accrue refers to the right to receive income, whereas due refers to the right to enforce payment of the same.

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Direct Tax 

Income received or deemed to be received- Meaning

September 19, 2019September 28, 2019 CA Harshita Raichandani 0 Comments ca, COMMERCE, COMMERCE OPTIONAL, GURUKUL, GURUKUL KENDRA, HARSHITA, HARSHITA RAICHANDANI, IAS, Income received or deemed to be received, INCOME TAX, INCOME TAX LAW, IPS, law, NET, Non-resident under Scope of Total Income, SCOPE OF TOTAL INCOME, TAX, UGC NET, wikipedia

All assessees are liable to tax in respect of the income received or deemed to be received by them in

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