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INDIA UK DTAA
Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
- UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- UK based employee sold ESOP worth Rs 26 lakh, declared Rs 1 lakh short-term capital loss, Income Tax dept treated it as unexplained gains; He fights and wins case in ITAT MumbaiUK-based Indian employee sold 1,540 L&T Infotech shares for Rs 26 lakh which he had acquired through ESOPs, declared Rs 1 lakh short-term c...
- British Airways cannot claim treaty relief on India ground handling income: ITATThe Income Tax Appellate Tribunal (ITAT) has ruled that British Airways cannot claim India-UK tax treaty protection on income from providin...
- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Dividend given to non-residents can’t be taxed at rates higher than DTAA, rules Bombay High Court; Know what it means for NRIsThe Bombay High Court has delivered a significant ruling on dividend taxation for foreign companies. Dividends paid by Indian subsidiaries ...
- Delhi HC quashes I-T order to EY on withholding taxThe Delhi High Court has overturned an Income Tax Department ruling concerning Ernst & Young. The court ordered a fresh review of Ernst & Y...
- DTAA benefits applicable to partnership firms in India, UKCBDT has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the U...
- Five FPIs challenge MAT before Bombay High Court; hearing on May 6As the MAT issue tripped the market -- Sensex shed more than 900 points in April alone -- the government has reached out to FPIs.
- FII tax liability to be much lower post DTAA benefits: Govt sourceFollowing a ruling by the AAR, the revenue dept has sent notices to 68 FIIs for payment of dues totalling Rs 602.83 crore towards Minimum A...
- Black Money: Finance Ministry to ask tax havens for past banking infoThe Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in s...
- How NRIs can claim TDS exemptionAny claim for reduced rate of TDS or exemption from TDS will be available only if you have a Permanent Account Number (PAN), so make sure y...
- How DTAA provisions help NRIs avail reduced TDS rate on certain incomes in IndiaIf you are availing this lower rate, you would need to submit a tax residency certificate (issued by the country of your residence).
- FDI from Mauritius crosses $50 bnIndia's foreign direct investment through Mauritius, considered a tax haven, has crossed $50 billion accounting for 42 per cent of the tota...
- Ash gets tax relief on US, UK earningsActress Aishwarya Rai has got tax relief for earnings from the UK and the US. The Income-Tax Appellate Tribunal (ITAT), Mumbai has allowed ...
- Tax implications of an overseas assignment in the year of departureIf an overseas assignment is not planned keeping tax implications in mind, there could be additional tax burden & painful compliances. Spec...
- Investing abroad? Check out treaty benefitsRecently, the Reserve Bank of India permitted resident individuals to remit up to $50,000 per financial year.
- Avoiding double taxation overseasIs your MNC employer deputing you to the parent’s overseas office? A DTAA with the country of destination can affect your tax burden.
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