Monday, April 13, 2020

Equalisation levy - A smooth sail or rough waters

The International tax laws designed for ‘brick and mortar’ enterprises appear to have not kept-up with technology. The traditional nexus rules based on physical presence which helped to eliminate double taxation for tangible business models, have been found wanting with increased economic digitalization.

from taxmann.com News https://ift.tt/34xpP1f

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...