Taxation of Income of Non Residents Indian under Direct Tax Laws (7th Edition, 2024)
- Year of Publication: 2024
- Edition: 7th
- ISBN: 9789356037366
- No.of Pages: 1464
This book is on ‘Basic Concepts of International Taxation’ that attempts to bridge the gap between conceptual aspect of an issue in international tax and the practical side of it. The objectives of this Book are to provide a general idea about ‘International Taxation’ based on various judgements, rendered by Courts & ITAT, on the topics covered in this book.
Some of the Contents of this book are as follows:
- Introduction
- Residential Status
- Explains in detail, various concepts used in International Taxation
- Place of Effective Management
- Permanent Establishment
- Income from Immovable Property
- Income from Shipping and Aircraft Business
- Associated Enterprises
- Transfer Pricing
- Double Taxation Avoidance Agreement (DTAA)
- Income by way of royalty
- Fees for Technical Services
- Concept of ‘Make Available clause’
- Concept of Most Favoured Nation (MFN) clause
- Mutual Agreement Procedure (MAP)
- “Tax Residency Certificate” (TRC)
- Foreign Tax Credit
- Reference to Dispute Resolution Panel [Section 144C]
- Authority for Advance Rulings [Section 245N to 245W]
- Tax Deducted at Source (Withholding Tax) [Section 195]
- Equalisation Levy
- Computation of Income of Non Residents
- Liberalised Remittance Scheme (LRS)
- Requirement of obtaining Permanent Account Number (PAN) & Aadhaar Card
- Tax Rates for Non Residents
- Presumptive Scheme for Non Residents
- Frequently Asked Questions (FAQ)
The amendments made by the Finance (No. 2) Act, 2024 have been incorporated at appropriate places in the book. The lot of important judicial pronouncements have been included in this book. We feel that this will be useful for one and all concerned with tax practitioners, tax administrators and other concerned as the subject-matter covered herein is one which is of day- to-day relevance. The treatment is exhaustive enough aimed at meeting totality of the requirements in regard to taxation of Income of Non-Resident of all sorts, together with their consequential implications.
Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income tax Department in the year 1983and retiredas Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations.
AWARDS
He is recipient of first-ever Finance Minister’s Award 2017, the Income Tax Department’s highest honour for sustained devotion, commitment to duty & promoting excellence in the field of Direct Taxation at National Level. The Hon’ble Union Finance Minister, Shri Arun Jaitley conferred this Finance Minister’s Award for Excellence for his meritorious services at Vigyan Bhawan, New Delhi on 24-07-2017.
CERTIFICATE OF APPRECIATION
Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016. Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
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- Year of Publication: 2024
- Edition: 7th
- ISBN: 9789356037366
- No.of Pages: 1464
This book is on ‘Basic Concepts of International Taxation’ that attempts to bridge the gap between conceptual aspect of an issue in international tax and the practical side of it. The objectives of this Book are to provide a general idea about ‘International Taxation’ based on various judgements, rendered by Courts & ITAT, on the topics covered in this book.
Some of the Contents of this book are as follows:
- Introduction
- Residential Status
- Explains in detail, various concepts used in International Taxation
- Place of Effective Management
- Permanent Establishment
- Income from Immovable Property
- Income from Shipping and Aircraft Business
- Associated Enterprises
- Transfer Pricing
- Double Taxation Avoidance Agreement (DTAA)
- Income by way of royalty
- Fees for Technical Services
- Concept of ‘Make Available clause’
- Concept of Most Favoured Nation (MFN) clause
- Mutual Agreement Procedure (MAP)
- “Tax Residency Certificate” (TRC)
- Foreign Tax Credit
- Reference to Dispute Resolution Panel [Section 144C]
- Authority for Advance Rulings [Section 245N to 245W]
- Tax Deducted at Source (Withholding Tax) [Section 195]
- Equalisation Levy
- Computation of Income of Non Residents
- Liberalised Remittance Scheme (LRS)
- Requirement of obtaining Permanent Account Number (PAN) & Aadhaar Card
- Tax Rates for Non Residents
- Presumptive Scheme for Non Residents
- Frequently Asked Questions (FAQ)
The amendments made by the Finance (No. 2) Act, 2024 have been incorporated at appropriate places in the book. The lot of important judicial pronouncements have been included in this book. We feel that this will be useful for one and all concerned with tax practitioners, tax administrators and other concerned as the subject-matter covered herein is one which is of day- to-day relevance. The treatment is exhaustive enough aimed at meeting totality of the requirements in regard to taxation of Income of Non-Resident of all sorts, together with their consequential implications.
Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income tax Department in the year 1983and retiredas Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations.
AWARDS
He is recipient of first-ever Finance Minister’s Award 2017, the Income Tax Department’s highest honour for sustained devotion, commitment to duty & promoting excellence in the field of Direct Taxation at National Level. The Hon’ble Union Finance Minister, Shri Arun Jaitley conferred this Finance Minister’s Award for Excellence for his meritorious services at Vigyan Bhawan, New Delhi on 24-07-2017.
CERTIFICATE OF APPRECIATION
Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016. Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
