Articles by CMA Damini Agarwal

Impact of MLI on Indian Tax Treaties

CMA Damini Agarwal 13 July 2020 at 09:34

Multilateral Instruments (MLI) is indeed the talk of the town in the world of International Taxation. Under the OECD*/G20 inclusive framework on Base Erosion and Profit Shifting (BEPS), more than 125 countries are collaborating to put an end to tax avoidance strategies that exploit the gap and mismatches in tax rules to avoid paying taxes.

Amendments with respect to Section 56(2)(x) and 50CA

CMA Damini Agarwal 07 July 2020 at 10:08

The Central Board of Direct Taxes (CBDT) has further amended Income Tax Rules, 1962, under vide Notification No. 40/2020 dated 29th June, 2020. The Provision of Section 56(2)(x) of Income Tax Rules states certain class of assesses to whom the provision does not apply.