Indirect Taxation Perspective of Budget 2016

This article seeks to examine the budget and its indirect tax provision and expectations. The most important aspect of the budget is the introduction of the GST bill, its objectives and all that it entails for the taxpayers of the country. The paper also looks at the objective of the government in the passing of Read More

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‘Tolerate’ an Act- Applicability of ST in an Employment Agreement

  This article seeks to examine the meaning of the word ‘tolerate’ in s. 66E of the Finance Act, 1994 and what it entails. It seeks to understand the purpose of the provision and the areas of its applicability; it seeks to understand the implication it has to an employee who wishes to terminate his Read More

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Photographic Service- Legislature vs Judiciary

“Photography” includes still photography, motion picture photography, laser photography, aerial photography and fluorescent photography.[1] Photography Service as defined in Section 65(105)(zb) of the Finance Act, 1994 means any service provided to a customer, by a photography studio

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TRANSFER PRICING: A DETAILED STUDY ON DETERMINATION OF ARM’S LENGTH PRICE (ALP) BY MOST APPROPRIATE METHOD (MAM)

India, a global market is emerging everyday with its ever- increasing economic activities and participation of many multi-national groups. Whenever there is an international transaction taking place between two associated enterprises, a market price is set up, known as transfer pricing. When two unrelated enterprises trade with each other, they do so at a market Read More

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Taxability of e-commerce under Service Tax and VAT

Download Transactions done through internet as medium are known as e-commerce. This medium of transmission has made possible international transmission of services that was not possible earlier by the existing modes of transmission, that is, television, fax and phone.

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.

Take Away or Home Delivery of Foods- Decoding the Service Tax Applicability

Food delivery gained prominence in the period of World War II when the Women’s Volunteer Service in the United Kingdom delivered food to homes that had been bombed and ravaged in such a manner.

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.

Indian Transfer Pricing Regulations (TPR) On Advertising, Marketing & Sales Promotion (AMP) Expenses

A disregard of modern capitalism & competitive economics PART I: Introduction To the Concept of Transfer Pricing in relation to AMP The issue of Arm’s Length Pricing (ALP) was first discussed in 1936 in Art. 6 of the League of Nations Draft Convention on the Allocation of Profits and Property of International Enterprises. Later, Art

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Intra-Firm Trade In Service Sector

The essay is quadripartite and it seeks to present a comprehensive discourse on the issue of transfer pricing in intra-firm trade, which has gained currency in today’s global age.
The narrative in the initial section provides an in-depth analysis of the concept of Transfer Pricing against the backdrop of global economics. Firstly, the key terms associated with trans-border intra-firm trade are discussed. This is tied up with a delineation of the relevant OECD guidelines. Thirdly, the information sources for discovering the intra-firm trading activities are briefly dealt with, before ending this section with a short note on the motivations for transfer pricing.

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.