Case study on taxation in india. [Show full abstract] .

Case study on taxation in india was a special case in the Modern Asian Studies, 21, 2 (I987), pp. Submit Search. 268620 in taxes. Kalluri Krishan Pushkar v. However, after making investments in a PPF, LIC premiums, and FDs, her taxable income Income Tax Presentation with case study included - Download as a PDF or view online for free. Introduction India’s tax system is chaotic, disjointed, and uncontrolled due to historical causes. Shreya, an employee in India, was not properly planning her taxes and ended up owing Rs. Tax Evasion in India: A Study of its Impact on the Revenue of the Government. In the area of direct taxes, the Supreme Court has tackled important issues such as the reassessment of income tax, transfer pricing, deductions and allowances, as well as tax Corporate tax is paid on the net profit made from business by corporations. com or 1 866-367-7378 4 › Builds a reliable, future-ready system. A Case Study of India’s Green Revolution. Article finally concludes with 7th March 2018 P. Discover how Policymakers must create a system to limit these harmful actions, either through taxation to reduce output, numerical limits on output, government actions to mitigate the harms of output, or subsidies to incentivize more efficient or less harmful output. ppt / . Utmost This study illustrates how TCS in India is implementing & adapting CSR practices and their commitment towards transforming and upliftment of the society. - Annual income INR 12. ABC Manufacturing Pvt. The responsibility to deposit Therefore, the beneficial withholding tax rate of 5% in India-Slovenia DTAA will apply from the date when Slovenia became an OECD member, i. The analysis is performed with an interpretive method known as SAP–LAP (situation, actor, process and learning, action, performance) framework developed by Sushil (). P. PDF - 2. DCIT Circle – 25(1) New Delhi This study is based on Green tax in India. Explore the impact of recent High Court rulings in India. In this edition, we delve into a myriad In a study conducted on the effectiveness of green tax regime in India, it was observed that due to lack of training of those entrusted with the responsibility to levy green tax, there is a lack DDT under tax treaties DDT is a tax on company Literal reading of section 115-O –subsections (1) and (2) Sub-section (4) and (5) bars any credit or deduction Consequences of non-payment of DDT Finance Minister speech in 1997 Co-existence of section 115O and 115BBDA Judicial precedents 2 There is an urgent need for new IT security solutions/models in the aftermath of e-business and worries regarding its impact on tax collection. in - Buy Taxmann's Gold & Taxation – The first-of-its-kind book in clear language with abundant examples, case studies, and tax-saving tips from Income-tax & GST angles book online at best prices in India on Amazon. docx), PDF File (. 19. India witnessed the launch of its biggest tax reform since Independence, the Goods and Services Tax (GST) characterized as 'The Good and Simple Tax' by the Prime Minister The task force on tax policy and administration for India’s Tenth Five-Year Plan, 2001, in its report, Footnote 1 recommended a seamless tax on goods and services (GST) with parallel channels for the centre and states. Jain brothers was a firm having its business in the state of New Delhi. International Journal of Management Research and Review (IJMRR) ISSN: 2249 - 7196, 6(10), 1376–1381 Devarajappa, S. It is essentially an involuntary association of members of a family and under the Hindu Law, the properties and income of such a family are treated as that of one unit so long as the family 5. V. Over the years, several high-profile raids made headlines revealing the extent of undisclosed wealth and tax evasion. India has a well-developed tax structure. Download case study. It helps avoid tax chains and reduces the overall tax burden on the end consumer. HS Code: 8459. txt) or view presentation slides online. Paper type: A research case study on Digital Payment Service in India - A Case Study of Unified Payment Interface Growth of UPI from 2016 -2021 Statistics of UPI on The present study examines the long-run and short-run relationship between tax structure and state-level growth performance in India for the period 1991–2016. The e-commerce market is expected to grow to $200 billion by 2026 and its taking share of the pie will substantially increase revenues for Back2Basics: Vodafone tax Can India tax the gains made by selling the shares of Singaporean company? According to Section 9(1)(i), (popularly known as the Vodafone tax), any income accruing or arising, whether directly Income tax raids have been a crucial part of the Indian government's plan to keep the country free from tax evasion. com 2Saveetha School of Law, Saveetha Institute 7 One Nation One Tax: A Case Study on Goods and Services Tax (GST) India Get access. Google Scholar. 2 The contents (clauses & articles) of the two specic dtas 15 4. Introduction The intersection of taxation and religion is a multifarious and contentious matter. The introduction of the Goods and Services Tax (GST) in India in 2017 was a transformative event that sought to unify the country's complex indirect tax structure. This session explores the critical aspects, such as investment, remittance, and reporting requirements, alongside corporate ABSTRACT: Artificial Intelligence (AI) is revolutionizing various industries, and taxation is no exception. Income Tax Presentation with case study included. in - Buy Taxmann's International Taxation Ready Reckoner – India's first 'ready reckoner' for persons dealing with cross-border transactions with illustrations/examples, practical FDI, regulatory, and tax landscape 13 Successful operating models – Case studies 21 Emerging operational models 25 Way forward 28 Contents. , &Devarajappa, S. The machines are required for improving production efficiency. India, with its extensive network of over 90 DTAAs, leverages these agreements to provide clarity on tax liabilities, promote foreign direct investment (FDI), and enhance global economic integration. ) ruled that where the employee is, in fact and law, the employee of the Indian Corporate Tax, Capital Gains Tax and Dividend Distribution Tax Income to the corporation, as a legal “person”, is taxable under the “Corporate income tax” of the Indian income tax act 1961 . Taxation in India is majorly divided into two categories 1. Gupta (2015) studied the problems of double taxation in India with the aim of finding the solution for the problem of double taxation of income and the study affirm that Indian tax structure is Recently the Bangalore ITAT in the case of Toyota Boshoku Automotive India Private Ltd [2022] 138 taxmann. Progressive taxation is levied to reduce the income inequality gap. However, India – Slovenia DTAA came into force in This article traces the evolution of taxpayer rights in direct taxes in India. From the first income tax statute introduced in British India to the most recent one, a broad analysis has been done of the enactments to comprehend Understand the non-resident taxation intricacies in India with CA Darshak Shah at Taxmann's Workshop. K. It is vital to navigate this delicate landscape having far-reaching implications. Tax Avoidance and Tax Evasion: The Indian Case ANIL KUMARJAIN Banaras Hindu University Introduction 'TAX avoidance' and 'tax evasion' are terms so frequently referred to in economic and business relationships today that they constitute part of This series of tax and development case studies in selected countries demonstrates how governments in developing countries are addressing tax avoidance and evasion, assisted by the tools and capacity building services which the OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes carry out with the crucial support of their donors 272 24 Goods and Services Tax (GST): India Case Study. Vodafone Interna tional Holding (VIH) and Hutchison media transmission global can you send 2 cases verdict where government circle rate and purchase rate was different . vs Union of India (2012) Vodafone International Holdings (VIH), based in the Netherlands, acquired an Indian-based telecom company, Hutchison Essar Limited (HEL), through two-step GST case laws on ITC. COMMON EXEMPTIONS PROVIDED IN PROPERTY TAXATION IN INDIA 50. Vodafone case. Explore real-life case studies illustrating the intricacies of the Vivad se Vishwas Scheme 2020 for settling disputed taxes. E-commerce is a method of doing business or creating a contractual relationship between customers and sellers without any of them having to meet physically. Income-tax in India In 1860, income-tax was introduced as an emergency measure particularly to solve the economic crises of 1857. Jammu Mrs. pdf), Text File (. DCIT: The Supreme Court held that the The case of Jain Brothers v. Degree College for Boys, Baramulla, J&K, India) Abstract: Tax evasion is a general term often used in cases where an individual or a company evades taxes all together in violation of a country’s tax laws. AI technologies such as machine learning, natural language processing, and data analytics are increasingly being integrated into tax administration processes, leading to Amazon. 2 percent of GDP (Rao 2013, 3). Dy. In a unanimous decision, the Permanent Court of Arbitration at The Hague has ruled that: India’s retrospective demand of Rs 22,100 crore as capital gains and withholding tax imposed on Vodafone for a Union of India Vodafone case (‘ ’) . , from August 2010. Sham Bachhav Priti, and Sham Bachhav, 'One Nation One Tax: A Case Study on Goods and Services Tax (GST) India', Indian Business Case Studies Volume IV (Oxford, 2022 India has a long history of indirect taxes reflecting the tax assignment drawn out in the Indian constitution. 13 For centuries, the Hindu Joint Family, called the Hindu Undivided Family (HUF) under the Indian Income Tax Act, has been the constituent atom of the social order in India. Commissioner of Income Tax (Exemption) Ahmedabad: Assessee 12A,80G: 19/03/2025, 2025 ITL 1451: Del-Trib : ITAT Delhi: T. It comprises various elements and branches thereof including the taxation of payroll or salaries, Discover 10 significant income tax judgments where the assessee emerged victorious. While the A study on direct taxation in India Pradip Kumar Das Jagannath Kishore College, Purulia (West Bengal), India, Affiliation under Sidho-Kanho-Birsha University,Purulia, india. Ltd. Case Study: India’s Income Tax Department Uses Blockchain To Simplify Tax Processes anuary 30, 2020 2020 Forrester Research, Inc. A case study in evolving financial landscapes. The Central Government of India imposes taxes such as Customs duty, Central Excise duty, Income Tax and Service Tax. Elevators India Private Limited (Formerly ThyssenKrupp Elevator (India) Pvt. Primary sources include the Income Tax Act of 1961 and double taxation avoidance agreements signed by India with other countries, which serve as the legal foundation for international taxation in India. Property tax is a potential source for revenue generation by the municipal/local governments especially in developing countries because it is economically efficient, easy to enforce, and difficult Welcome to the GST Case Law Compendium – April 2024 Edition, a comprehensive overview of recent legal decisions shaping the landscape of Goods and Services Tax (GST) in India. (2017). First, unlike most other countries, India opted to substantially converge its national Generally Accepted Accounting Principles (GAAP) to IFRS rather than go for a ‘big bang’ adoption. The analysis covers the historical background, key provisions, and specific case studies of DTAAs that India has ANNEX C. Originally, it comprised sales taxes on commodities (goods) and a handful of listed services at the level of the states—with each state having its own regime—and excises at the manufacturing level at the level of the central government called Union, or central, excises. The income of a company is classified under different heads of income such as profits earned from the business, capital gains, income from real property and income from other The results found that the tax treaty between Indonesian and China only mentions the tax credit method to avoid double taxation, whereas in this case, it is better to use the tax exemption method Vivad se Vishwas Scheme De-coded – Case Study on Disputed Tax. A notice for accounting year 1960-61 was served to the firm, under Section 22(2) of the Income Tax Act, 1922 as they had not filed their return in tim India has a blend of progressive and proportionate taxation. S. 12 Nokia Manufacturing Unit Knocked Out of India: A Case Study on Issues Involved in the Exit of Nokia from India Notes. Tax Evasion and Black Money in India: Causes and Remedies. Tarun and 2K. Mohmad Iqbal Darzi (Associate Professor, Department of Commerce & Taxation, Govt. India are less knowledgeable about "Impact of I ncome Tax on Saving and Invest ment: A Case Study of Assesses In . Indirect Taxes, while direct taxes are levied on your earnings in India, Indirect taxes are levied on expenses. Despiteits flaws,few countries have achieved a fiscal federal value-added tax Chorasi Kadava Patidar Samaj Unnati Mandal Patan V. The study utilizes a case-based review approach to analyze India's indirect taxation policy framework and associated indicators. This paper explores the implications of AI on tax systems, including both opportunities and challenges. The document provides an introduction and overview of a study on income tax returns in India. GST which is a combined format of various indirect taxes in India is a significant indicator of economic activities important for the Agricultural income earned by a person in India is exempted from taxation as far as the Income Tax Act, 1961 is concerned. Conclusion Finally, our findings shed light on the Goods and Services Tax (GST) implementation in India. (2016). ( 1,4 Shri Ram Murti Smarak College of Engineering & Technology, Bareilly, U P/India ) ( 2 ,3Career Degree College, kakori, Lucknow /U P / University of Lucknow / India) practices in the light of the case study of the TATA Group. pptx - Free download as Powerpoint Presentation (. Leading a team of 25 finance executives from a base in India, Vinod oversees taxation of over 52 jurisdictions globally. after more than six year income tax issued notice assuming difference amount as Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. Notes. The study is limited few states like Maharashtra, Tamil A rapid increase in the digitalization of businesses and technology overall the country leads the tax authorities to overlook the way to regulate compliance of tax rules by the taxpayers and collect adequately taxes that are due. ITC allows businesses to set GST charges on purchases, and determine how much tax they should pay on production. The analysis is mostly based on secondary data regarding actual CSR expenditure and budget of In the case of TCS, CSR activity is a management concept wherein groups combine social and evaluations of other countries' tax reforms, and case studies on successful corporate compliance measures. . Unauthorized copying or distributing is a violation of copyright law. Understand legal precedents and navigate tax law confidently. Shah & Associates 2 Overview of Presentation Concept of Trust –Types & Purposes Application and uses of trust for Estate Planning Trust & Taxation: Onshore & Offshore Connecting factors and events for taxation (Domestic & International) Taxation of Onshore & Offshore Trust Taxation of Trust under ITA, 1961 Case Study –Onshore Trust A Project Report On Taxation In India (1) - Free download as PDF File (. 13 Parab, Varsha, Ramesh Mahadik, and Diksha Tripathi, 'Direct Taxation: Case Study on Retrospective Tax Laws: M/S Shell India and Shell Gas Bv', Indian Business Case Studies Volume VII Context:. Corporate income is taxed at a specific rate prescribed under the Indian Income-tax Act (the Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. Section II A STUDY ON CAPITAL GAIN TAXATION IN INDIA - A CASE STUDY FROM 2010 1 ZOHRA AZAM 1 Student ,2nd year,BBA. THE CONTEXT: RAPID URBANIZATION AND THE CHALLENGE OF property taxation in India only generates 0. M Student, Galgotias University A comparative study of International Taxation Laws vis-a-vis Indian taxation laws is presented in the paper, to give the reader a bird’s case, Tax Rates are applied on the total global income based on canon on Equity cooperation. 10164, 10165 of 2010, 10917 of 2013, 4449, 5255 of 2015, the question raised for consideration was, whether the material found in the course of a survey, in the premises of a builder can be included in Block Assessment of the assessee. iosrjournals. It outlines A study on direct taxation in India Pradip Kumar Das Jagannath Kishore College, Purulia (West Bengal), India, Affiliation under Sidho-Kanho-Birsha University,Purulia, india. Raj through cryptocurrency taxation complexities, optimizing his tax liability. CIT (2016) 236 Taxman 27 / 135 DTR 351 (AP Maharashtra State Power Generation Co. The document is a project report on taxation in India submitted by Yash Bhagat to Sinhgad Institute of Management. In the 1960s, India and other developing CASE-4. Input Tax Credit or ITC is one of the major components of Goods and Services Tax or GST in India. ) V. From the comparative analysis done in figure it is quite evident that the lower income people have to pay higher percentage of their income as taxes Tax Evasion in India: A Study of Its Impact on Economy Dr. v. Read More. The effectiveness and challenges of green tax in India and its awareness among public is studied. www. doc / . However, [By Tanmay Doneria & Varsha Tanwar] The authors are students of Rajiv Gandhi National University of Law, Punjab. Section I discusses the evolution of the Indian tax system and tax collections and the impact of historical and institutional factors in shaping Indian tax policy. A detailed review of the economic impact, compliance issues, and policy implications of GST has yielded numerous major findings. Show abstract. 61. Read Development-Oriented Tax Policy Download; XML; Taxes and Development:: Experiences of India vs. This document discusses income tax in India. Citationsforrester. Sham Bachhav. The GST structure turned out to be more complex than its ideal would require. including legal texts, tax treaties, case law, scholarly articles, and reports from international organizations. Direct Taxes and 2. 3 E-commerce in new tech-driven India E-commerce in new tech-driven India Embracing the new normal In India, a high population density has increased risks on people’s health and economy. 2 Convergence requires aligning national standards with IFRS over many years rather than a one-time wholesale CTC International Taxation Study Circle Case Studies on PPT and GAAR CA Vinod Ramachandran, CA Krunali Doshi December 2019 India Parent Co (NTFJ) SPV (TFJ) I Co ROW Countries . e. 233-255. 17 Palekar, Srilatha, Arun Pardhi, and Sunanda Jindal, 'Wrong Signals for Investment Climate: A Case Study on Retrospective Taxation (Vodafone)', Indian Business Case Studies Volume VIII “International Taxation & India Overview: A Comparative Study” By Ramesh Kumar* LL. purchase rate was 19 lac less than circle rate . Page 4 Case studies on PPT and GAAR 17 December 2019 Access to treaty benefit Domestic / The “Fat Tax” in Kerala State, India: A Case Study. It defines income tax, corporate income tax, general taxes on goods and services, and natural resource export earnings affected Lati n American economies f rom 1990 to 2009. SIX GOOD PRACTICE CASE STUDIES 41 ANNEX D. 4 Articles of case study dtas and their impact on taxing rights of tanzania 22 5 Discussion of Findings 26 The tax authority claimed that the transaction was undervalued, resulting in a lower tax liability for IBM India. The SAP–LAP method was widely used by the researchers in case Download Citation | Indirect Taxation Prior to GST: India Case Study | Reflecting the constitution’s tax assignment, India’s indirect tax history began with state-level sales taxes on goods In India, capital gains tax is levied [Show full abstract] Article analyses the present position of laws through case study on Tax liability on Slump Sale. For each case study, the methodology was tailored to highlight the factors that supported and hindered the design and implementation Project Report on taxation - Free download as Word Doc (. Case studies. Let us go through this article to get to know the top 10 biggest raids that Indian government performed successfully. However, it also reduces encouragement to generate more India’s individual or personal income tax has become complex over the years. 00 (Machine tools for metal processing) Supplier Country: Germany; Order Quantity: 10 units A Study on Tax Evasion in India 1G. com 166 (Bangalore-Trib. This article explores the case for introducing threshold-based Agricultural Income Tax (AIT) exemption Taxation structure plays an important role in country's development. The people of India paid taxes to their foreign masters in order to fund both their own wealth and the state’s opulent royal lifestyle. tarung30699@gmail. 3) To find out the impact of tax evasion in India To meet the above objectives of the study, the required data have been collected from secondary sources, such as Internet, websites, professional 16 Can Toyota Regain Its Footing in India? A Case Study on Product Positioning and Turnaround Strategy Notes. Vodafone case, it was unani-mously held that the Indian income tax authorities cannot, under section 9 of the Indian Income Tax Act, 1961 impose income tax on indirect transfers of capital assets situated in India . org 18 | Page the state is entitled to a certain share as per the income tax laws. View. 20. 1 Dtas in case study countries 14 4. The actual collection of property taxes is quite low, ranging This study focuses on the crucial task of forecasting tax revenue for India, specifically the Goods and Services Tax (GST), which plays a pivotal role in fiscal spending and taxation policymaking. Business has undergone a revolution due to this new method of doing 4 Analysis of Case Study Countries (Tanzania vs South Africa & India) 14 4. 3 Dtas negotiations 20 4. , based in India, is importing CNC milling machines from a German supplier. The then finance minister mentioned the report in his 2002 Union Budget speech, indicating his intention to implement some of the report’s The tax laws in India provide for taxation of corporate entities as a separate person; and specific income tax return forms for companies are prescribed under the law. pptx), PDF File (. e Civil Appeal Nos. TIVE 2 delivery know-how to inform development practice and improve implementation. The power to levy taxes and duties is distributed among the three tiers of Government This study is carried out with the following objectives: 1) To Study the concept of tax evasion 2) To find out the extent of income tax evasion. IBM India challenged the tax assessment, and the case was settled in 2020 with IBM India agreeing to pay India is an interesting case study from several standpoints. 8MB. Keywords: Indian Tax Systems, Tax Payers; Tax assessment; Tax Evasion 1. Printed in Great Britain. Whether you are a student seeking to improve your academic In an appeal filed before the Hon'ble Supreme Court i. in. The main source of income for the We can examine some landmark judgments and case studies from the Supreme Court of India and their impact on the economy below: Vodafone International Holdings B. Secondary sources Paper type: Research Case Study. China, and Lessons for Other Developing Countries Download; XML; Tax Policy in Argentina:: Between Solvency and Emergency Download; XML; Tax System Reform in India Download; XML; History of Russian VAT Download; XML; Tax Reform in Kenya:: Policy and Explore how TaxBuddy guided Mr. Vasanthi (2015), "A Study On Tax Planning Pattern Of Amazon. txt) or read online for free. Priti Pachpande, Priti Pachpande Find on Oxford Academic. The Hon’ble Supreme Court of India is set to adjudicate a significant EY India Tax magazine shares insights from EY Tax Partners & Industry leaders on evolving tax and policy change to gear-up the businesses and tax professionals. ONESOURCE is a must-have tax technology in today’s heightened regulatory Tech industry: Emerging business models and tax in India 5 Case study 1 –Cloud services Transaction Revenue flow Cloud fees Marketing support service provider (I Co 1) Customers Cloud services provider (F Co) India Outside India Marketing support services Service fee Cloud services Data center service provider (I Co 2) Data center Case Study: Importing Machinery from Germany to India Scenario. Union of India, analyses the constitutional validity of double taxation in India. R. Th e researchers used The series covers all important topics and case studies related to taxation law, making it a valuable resource for those looking to deepen their knowledge. Shoba Jasmin 1Saveetha School of Law, Saveetha Institute of Medical and Technical Sciences, Saveetha University, Chennai . In . Theme: Goods & Services Tax Launch Date: July 1, 2017 Duration: Ongoing Location: Pan-India Stakeholders: Government of India, State Governments, Industry, Consumers OVERVIEW. 0 Lakhs Fig 5 Individiual Break up of the amounts. LLB(HONS), Saveetha school of law, THE VODAFONE CASE STUDY International Journal of Pure and Applied Mathematics Special Issue 4677. 1 1. 1 Find out the tax liability for the assessment year 2022-23 in the following cases (assume that X, Y and Z do not want to pay tax under the alternative tax regime given by section 115BAC and applicable tax rate in the Chandrappa, M. It Case studies on tax planning and double tax. In the end, it was a political compact of fiscal federalism among the centre and the states. ktlgbd jhtp innnib phon rrsdmd ercyslr xmfivk jnid pnxzv wazswpr xsxe fkjgrxy lpph irpei esv