Vodafone
This query is : Resolved
16 March 2012
Pals.can anyone give me an overview of the vodafone tax issue and on what basis did the SC favoured the judgmnt to voda!
17 March 2012
The rights which are lying at foreign lands; if sold at foreign land; then tax is not applicable in India.
.
The concept is based on Taxation of NRI of India. NRIs who earn income in foreign countries; how we would be able to know/control their income activities. Would it be possible to bring here all the records if such cases are selected for scrutiny.
.
Double Taxation Avoidance Agreements are also based on that concept.
.
If one income is assessable in the country of its origin; then other country should not tax the same income.
.
Please see the following link :
.
http://www.civitas.in/legal_solutions/articles/3/Vodafone_Tax_case_-_A_Case_Study_for_Investments_in_India
.
The concept is based on Taxation of NRI of India. NRIs who earn income in foreign countries; how we would be able to know/control their income activities. Would it be possible to bring here all the records if such cases are selected for scrutiny.
.
Double Taxation Avoidance Agreements are also based on that concept.
.
If one income is assessable in the country of its origin; then other country should not tax the same income.
.
Please see the following link :
.
http://www.civitas.in/legal_solutions/articles/3/Vodafone_Tax_case_-_A_Case_Study_for_Investments_in_India
17 March 2012
The expert has given you the correct picture of Vodfone case
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- DTCP approval
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
