International Taxation (Opinions)

Note on Taxation of AIFs in India for US Investor – Oct 2016

Note on Taxation of AIFs in India for US Investor – Oct 2016

Note on Taxation of AIFs in India for US Investor – Oct 2016
TAXATION OF ALTERNATIVE INVESTMENT FUNDS IN INDIA FOR US INVESTOR   1. Taxation in India:   1.1 The Finance Act, 2015 has incorporated Chapter XII-FB “Special provisions relating to tax on income of investment funds and income received from such funds”. These provisions are specified in section 115UB and sections 10(23FBA) / 10(23FBB) in the

Read more...

Read More...

Treaty Reinsurance under I. T. Act – May 2013

Treaty Reinsurance under I. T. Act – May 2013

Treaty Reinsurance under I. T. Act – May 2013
1. Background 1.1 XYZ Insurance Company Ltd. (‘XYZ’) is one of India’s leading life insurance company. As a measure of risk mitigation and transfer, it has entered into a reinsurance contract in the form of Treaty Insurance with ABC Reinsurance Company Limited, Switzerland (‘ABC Re’) which is a leading global wholesale provider of reinsurance. ABC

Read more...

Read More...

Residence Status – January 2013

Residence Status – January 2013

Residence Status – January 2013
1.    Background Shri XYZ, an Indian citizen, has stayed in India for a period of 170 days and gone abroad for an employment with Singapore Company during the previous year 2011-2012 relevant to Assessment Year 2012-2013. During the said year, he has made 7 trips abroad and his aggregate stay in India was 170 days

Read more...

Read More...

Provisions applicable to Foreign Co. under I. T. Act & DTAA – December 2012

Provisions applicable to Foreign Co. under I. T. Act & DTAA – December 2012

Provisions applicable to Foreign Co. under I. T. Act & DTAA – December 2012
1.    Background XYZ -Singapore (Singapore Company) is a company registered in Singapore doing jobs in India for various contracts for XYZ-India, an Indian Company  and also for other companies in India. Both XYZ-Singapore and XYZ-India are related parties and also group Companies. Thus Singapore Company is liable comply with the Indian taxation laws as applicable

Read more...

Read More...