Conditions for Section 54D There must be compulsory acquisition of land and building or any right in land or building forming part of an industrial undertaking. The land […]
Computation of Income through Arm’s Length Price
Income to be computed at arm’s length price [Section 92(1)] Any income arising from an international transaction shall be computed having regard to the arm’s length price. Although […]
Effect of Double Taxation Avoidance Agreement
If an agreement is entered into under this section, the effect of the same shall be as under:- (i) If no tax liability is imposed under the Income-tax […]
Taxation of Business Process Outsourcing Units
The provisions containing taxation of IT-enabled business process outsourcing units are not contained in the Income-tax Act, 1961 but are given in Circular No. 5/2004, dated 28-9-2004 issued […]
Dana Perino’s $85 Million Net Worth
Dana Perino, the former White House Press Secretary, has a net worth of $85 million. She currently co-anchors FOX News Channel’s morning news program America’s Newsroom and earns […]