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| Taxation Consultancy |
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Domestic Taxation |
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Service Tax |
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VAT |
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Income Tax |
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International Taxation |
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Foreign Direct Investor Taxation |
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Transfer Pricing |
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NRI Taxation |
| Domestic Taxation |
Under the Income-tax act, every person, who is an assessee and whose total income exceeds the maximum exemption limit, shall be chargeable to the income tax at the rate or rates prescribed in the finance act. Residential Status of an individual is utmost important in determining the taxation liability of that particular Assessment Year.
In the changing scenario of E-Taxation environment of India, its quite easy to pay the tax returns online. Our tax gurus are expert enough to help you minimizing your tax liabilities in India. They would wisely advise you on all your Indian assets and investments, apart from filing your income tax returns. " PLANNING IS ESSENTIAL IN EVERY PART OF LIFE" hence Instead of Tax evading we believe in tax planning. It would be our job to get you possible exemptions, rebates and refunds, thus minimizing your total income tax figure. No matter where your geographical location is , just mail us the details of your Income tax data as specified in the form mentioned below we will file your tax returns & submit the copy of acknowledgement at your door step in soft as well as hard format.Updation regarding the VAT, sales taxes, Service Tax ,central excise taxes and other major taxes, would help you to organize your work more stringently and soundly. |
| International Taxation:- |
| NON RESIDENT INDIAN |
In recent times Government of India has opened the Indian market and economy to attract more and more foreign capital and technical know-how. The foreign investors may be Indian Nationals who resided outside India and other foreign investors including corporations. A person who resides outside India is technically known as 'non-residents'. The residential status of an individual does not depend upon the nationality or domicile of that person but it depends upon his stay in India during the previous year.
In case of an assessee, other than an individual, the residence depends upon the place from which its affairs are controlled and managed. If the control and management of the affairs of a foreign company is, during the previous year, located wholly in India, it shall be treated as resident in India. Where part of the control and management of the affairs of a foreign company is situated outside India, it shall be treated as non resident company. |
| Resident and Non Residents : |
| An individual can be termed as a 'resident' if he stays for the prescribed period during a fiscal year i.e. 1st April to 31st March either for-- |
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182 days or more, or |
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60 days or more (182 days or more for NRIs) and has been in India in aggregate for 365 days or more in the previous four years. |
| Any person who does not satisfy these norms is termed as a 'non-resident'. A resident individual is considered to be 'ordinarily resident' in any fiscal year if he has been resident in India for nine out of the previous ten years and, in addition, has been in India for a total of 730 days or more in the previous seven years. Residents who do not satisfy these conditions are called individuals 'not ordinarily resident'. The table below gives the taxability of the individuals: |
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| Status |
Indian Income |
Foreign Income |
| Resident and ordinarily resident |
Taxable |
Taxable |
| Resident but not ordinarily resident |
Taxable |
Not t axable |
| Non Resident |
Taxable |
Not t axable |
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| TAX TREATIES: |
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India has signed tax treaties with various countries, most of which are based on the Organisation of Economic Cooperation and Development (OECD) Model. These treaties provide a favourable method of computing taxable business profits.
India has tax treaties with over 40 countries including USA, UK, Japan, Germany and France, with whom it has significant economic relationships. This results in a relatively lower tax cost for foreign companies doing business in India. |
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| Rates for Dividends, Interest, Royalties and Technical Fees (in %) |
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| Name of the Country |
Dividend |
Interest |
Royalty |
Technical Fee |
| Austria |
Not Mentioned |
Not Mentioned |
Not Mentioned |
Exempt, except on amounts (net) attributable to activities performed in the state |
| Australia |
15 |
15 |
10/1/20 |
No separate provision |
| Bangladesh |
10,15 |
10 |
10 |
- |
| Brazil |
15 |
15 |
15/25 |
No separate provision |
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15 |
15 |
30 |
30 |
| Canada |
15,15 |
15 |
20 |
20 |
| Czechoslovakia |
25,25 |
15 |
30 |
30 |
| Denmark |
15,25 |
10,15 |
20 |
20 |
| Federal German Republic |
15 |
10,15 |
Not
Mentioned |
20 |
| Finland |
Not Mentioned |
Not Mentioned |
Not Mentioned |
Exempt, except on amounts (net) attributable to activities performed in the state |
| Great Britan |
15 |
10,15 |
30 |
30 |
| Greece |
Not Mentioned |
Not Mentioned |
Not Mentioned |
No separate provision |
| Hungary |
15 |
15 |
40 |
20 |
| Indonesia |
10,15 |
10 |
15 |
No separate provision |
| Italy |
Not Mentioned |
15 |
Not Mentioned |
Not Mentioned |
| Japan |
15 |
10,15 |
20 |
20 |
| Kenya |
15 |
15 |
20 |
17.5 |
| Korea (South) |
15,20 |
10,15 |
15 |
15 |
| Libya |
Not Mentioned |
Not Mentioned |
Not Mentioned |
No separate provision |
| Malaysia |
Not Mentioned |
Not Mentioned |
Not Mentioned |
No separate provision |
| Mauritius |
5,15 |
Nil, Not Mentioned |
15 |
No separate provision |
| Nepal |
10,15 |
10,15 |
15 |
No separate provision |
| Netherlands |
15 |
10,15 |
20 |
20 |
| New Zealand |
20 |
15 |
30 |
30 |
| Poland |
15 |
15 |
22.5 |
22.5 |
| Norway |
15,25 |
15 |
20 |
20 |
| Romania |
15,20 |
15 |
22.5 |
22.5 |
| Singapore |
Not Mentioned |
Not Mentioned |
Not Mentioned |
No separate provision |
| Sri Lanka |
15 |
10 |
10 |
No separate provision |
| Syria |
Not Mentioned |
7.5 |
10 |
No separate provision |
| Swden |
15,25 |
15,10 |
20 |
20 |
| Tanzania |
10,15 |
12.5 |
20 |
20 |
| Thailand |
15,20 |
10,25 |
15 |
No separate provision |
| United Arab Republic |
Not Mentioned |
Not Mentioned |
Not Mentioned |
No separate provision |
| USA |
15,25 |
10,15 |
20,15 |
20,15 |
| UAE |
15 |
15 |
22.5 |
22.5 |
| Zambia |
5,15 |
10 |
10 |
10 |
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