Category: Income Tax

The Income Declaration Scheme 2016: An Analysis

  What is it? Income Declaration Scheme 2016 came into effect from 1 June, 2016 and will last for four months. It’s an opportunity for those who didn’t disclose income or pay taxes thereon in the past to disclose the same. The undisclosed sum can be held either in the form of assets or in Read More

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Tax Transparency

Increased tax transparency in inevitable. The momentum is building now for the public to know how much tax is being paid by the companies. They either need to disclose the same or face reputational

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

User Test and Allowance Distribution

The paper would explore the evolution of ‘user test’ and allowance of depreciation under the Section 32 of the Income Tax Act, 1961. The legislative intention when the Act was passed in dealing with the connotations “used” and “ready to use” have been tried to be deciphered based on the judgements of High Courts and Read More

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

S.147 of the Income Tax Act 1961

Reopening of a completed assessment under S. 147 of the Income Tax Act is a widely debated legal issue. From being challenged on grounds of its constitutional validity under Art. 14 of the Constitution to being upheld as a necessary check against escapement of disallowable income, this legal provision has been emphatically criticised and contested.

Permanent Establishments & Double Taxation Avoidance Agreements VIS-A-VIS The Indian Income Tax Act 1961

Plan & Executive Summary The initial section provides a brief discourse on the twin principles of taxation- residence based and source based taxation- and the international stand on the same. Section 2 is tripartite. It continues from the introduction to a PE and firstly, the relevant Indian legal provisions are discussed therein. Secondly, two terms

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.