Tag - Atulkhurana.com

SCN-2 “Financial Leverage”

Hello Readers, Welcome to the SCN Series. Today's Topic is: Financial Leverage It basically relates to process of borrowing capital i.e. the debt and equity securities by the company. The more the debt, the more is the financial leverage. Higher financial leverage means higher interest payments by the company which is considered as little bit risky in terms of the growth of the company. For Tax Consultancy, Mail us at at [email protected]

SCN-1 “Tax Treaty”

Hello Readers, Starting with the first concept of this series: Tax Treaty Also known as a Bilateral Agreement, A tax treaty is a bilateral agreement signed between two nations so as to prevent the issues of double taxation on income. As per this agreement, both the nations decide the rates of tax that has to be applied to an income of a person in both the nations i.e. country of origin of income and the home country. Sometimes, it is in the form of [...]

Short Conceptual Notes (SCN) Series

In this fast moving world, we find it difficult to extract some time to read some stuff for enhancing our knowledge. When as a student of Chartered Accountancy, I use the word “knowledge” then yes it means to have updated knowledge on the topics of Finance, Taxation, Auditing and Law. Since the past 5 years, I am writing full fledged articles on the above mentioned topics. Even sometimes, I had run so many series so as to provide complete information [...]

Income Tax Rules, 2018: Notification 33/2018

The Central Board of Direct Taxes (CBDT) on 20th July, 2018 released a notification stating the amendments/key changes in the Tax Audit Form 3CD. They shall come into force from the 20th day of August, 2018. CLICK HERE to Download the Notification.

46 Amendments proposed by the Govt in GST Laws

GST is one of the most dynamic tax structure of India in terms of amendments and the reason behind the same is the competitiveness of the industries which force the govt. to make the rules strict and as well as to make the law simpler. In this movement, the government has proposed 46 amendments in the GST Laws recently. The file has been attached for your reference. Click here to download the file

International Taxation – FAR Analysis

Hello Readers, Hope you have read the previous parts. Click here to see the previous parts. FAR Analysis Functions, Assets and Risk (‘FAR’) analysis is an analysis of the functions performed, taking into account assets used and risks assumed by associated enterprises (AEs) in controlled transactions. A method of finding and organizing facts about a business in terms of the functions performed, assets used (including intangible property) and risks assumed by such business to: Identify how they are divided among the AEs; and Ø [...]

Become An Informer of Income Tax Dept. and Get Rewards up to Rs 5 Crore

The centre government has launched Income Tax Informants Reward Scheme, 2018, after superseding the 2007 award scheme, under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India. Also, those informing the government about 'undisclosed black money' stashed abroad can win awards up to Rs 5 crore. Anyone who informs about Benami properties can get awards up to Rs 1 crore. The scheme comes [...]

Just a Thought – CA Students

If you are a CA Student, then read it….It's been more than 7-8 months for me to be an user of this app. Being a CA Student, i was very much active in replying to queries related to Board of Studies, Articleship, CPT, IPCC, Final subject wise issues. But, there is a particular trend which is being followed by CA Students which is not good for them. let me explain what is it…. •If someone didn't get his articleship letter then he [...]

International Taxation – Computation of ALP

Hello Readers, Hope you have read the previous parts. Click here to see the previous parts. Let’s proceed further…. Computation of ALP: I had already discussed CUP method of computation of ALP, so now let us discuss other parts: Method 2: Resale Price Method The resale price method (RPM) is a method which compares the gross margins (i.e. gross profit over sales) earned in transactions between related and unrelated parties for the determination of the ALP. The RPM requires high level of functional comparability and [...]

International Taxation – Int. Transactions, Profit Shifting, ALP Computation

Hello readers, hope you have read the previous parts in which we had covered the basics of international taxation laws and the concept of associated & deemed associated enterprises. Let’s proceed further….. International Transaction An international transaction means: a transaction between two or more associated enterprises, either or both of whom are nonresidents; and transaction in the nature of: sale/ purchase/ lease of tangible property; or sale/ purchase/ lease of intangible property; or provision of services; or lending/borrowing money; or any other [...]

Optimization WordPress Plugins & Solutions by W3 EDGE