Direct Tax Amicus

Direct Tax Amicus covers major changes in income tax laws. This newsletter contains an article on issue of topical interest or developing jurisprudence, notifications and circulars issued during the period and important decisions and judgments (under Ratio Decidendi) covering various facets of income tax law and procedures. It usually covers recent developments pertaining to classification of expenditure, application of transfer pricing (TP) provisions, issues around DTAAs, computation of income, exemptions, etc.

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Direct Tax All Industries+2
Direct Tax Amicus: December 2019
The phrase ‘applied for charitable purposes in India’ under Section 11 of the Income Tax Act has been a subject matter of litigation in the recent past. Considering the position as it was prevalent prior to the amendment in the Income Tax Act, 1922 in 1953 (effective from 1-4-1952), period post amendment and after introduction of Income Tax Act, 1961, the author is of the view that it can be said that the mandate under Section 11(1)(a) is only to apply the income in India for charitable purposes
Read More 01 Dec 2019
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Direct Tax Amicus: November 2019
In international trade, Indian companies also avail carriage services provided by foreign shipping companies. The amount paid in lieu of shipping services to these foreign companies may be taxed if the income is accrued or received in India.
Read More 01 Nov 2019
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Direct Tax Amicus: October 2019
Covers the ambiguity in claiming additional employment deductions under Section 80JJAA of the Income-tax Act.
Read More 01 Oct 2019
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Direct Tax Amicus: September 2019
Covers the 'make available' condition for taxing Fees for Included Services under the India-US DTAA in short duration engagements.
Read More 01 Sept 2019
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Direct Tax Amicus: August 2019
Covers the new Section 194N TDS on cash withdrawals exceeding Rs. 1 crore from banks, cooperative societies and post offices.
Read More 01 Aug 2019
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Direct Tax Amicus: July 2019
Covers tax incentives for affordable housing under Sections 80-IBA and 80EEA and the Income Tax law changes proposed in Budget 2019.
Read More 01 Jul 2019
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Direct Tax Amicus: June 2019
Covers whether arm's length pricing must be computed for depreciable capital assets purchased from an associated enterprise.
Read More 01 Jun 2019
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Direct Tax Amicus: May 2019
Covers directors' liability under the Income-tax Act, including joint and several liability imposed by Section 179.
Read More 01 May 2019
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Direct Tax Amicus: April 2019
Covers prosecution under Section 276C of the Income-tax Act for wilful attempts to evade tax, penalty or interest.
Read More 01 Apr 2019
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Direct Tax Amicus: March 2019
Covers the Supreme Court's Vijay Industries ruling on whether deductions under Section 80HH are computed on gross or net profits.
Read More 01 Mar 2019
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Direct Tax Amicus: February 2019
Covers the tax deducted at source provisions applicable to winnings from online gaming under the Income-tax Act.
Read More 01 Feb 2019
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Direct Tax Amicus: January 2019
Covers whether a liaison office can constitute a permanent establishment under the India-US Double Taxation Avoidance Agreement.
Read More 01 Jan 2019