Interest Deduction Limitation u/s. 94B – Probable Pitfalls

– Published in taxsutra

Multi-National Enterprises [‘MNEs’] enjoy considerable leeway while structuring their investments amongst the group entities. Their decision on choosing debt v/s equity as a means of financing a controlled entity within the MNE group is often perceived to have  been influenced […]

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Stranded? You could be in taxman’s land!

– Published in taxsutra

One common response measure of all countries to COVID 19 pandemic has been the restrictions on international travel. These restrictions have led to many people getting stranded at various places which may have unintended implications on their tax residency and eventual taxability in different […]

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Scaling great heights of success

– Published in Garhwal Post

As a practicing Chartered Accountant, the life of Hemant K Arora has accrued great reputation and honour. His career has proven to be especially influential in his field of endeavour. But, it is a dash of spirituality that has added more fire to the myriad activities that he has undertaken to do […]

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Faced with a huge income tax demand? Stay Strong!

– Published in taxmann.com

Introduction If a taxpayer’s income-tax case has been under scrutiny assessment, in all probabilities the 31st December with be the limitation for conclusion of tax assessment. In that case the taxpayer must  [‘AO’] which may contain a notice demanding additional tax […]

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Section 44BB sails through the ups and downs of a mineral oil stream

– Published in taxmann.com

Section 44BB of the Income Tax Act (‘Act’) which contains special provision for computing profits and gains of non-residents service providers in connection with exploration, exploitation and production of mineral oils has been subject of judicial […]

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