Category: Tax Compliance

Section 5 and Section 6 of the Income Tax Act, 2025: The Real Battlefield of Cross-Border Taxation, Global Mobility, and Modern Tax Litigation In Indian direct tax practice, some provisions are routinely discussed, and some provisions silently decide the fate of entire tax positions. Sections 5 (Scope of Total Income) and 6 (Residential Status) belong to the second category. On paper,

India’s tax system is a complex framework that includes both direct and indirect taxes, forming the backbone of the country’s revenue structure. For global entrepreneurs aiming to operate in India, understanding the differences between these tax types and ensuring compliance is not just a legal requirement it’s a strategic necessity. In this comprehensive guide, we delve into the key distinctions between

In today’s interconnected global economy, businesses often operate across multiple jurisdictions, leading to complexities in taxation. One significant challenge is the risk of being taxed on the same income in more than one country. This is where a Double Taxation Avoidance Agreement (DTAA) becomes crucial. These agreements are designed to prevent the same income from being taxed twice, thereby facilitating smoother

In April 2025, President Donald Trump implemented a series of tariffs aimed at addressing what he described as unfair trade practices and a significant trade deficit with various countries. These tariffs, part of a broader “Liberation Day” policy, have sent ripples through global trade. Among the most notable impacts was the significant 145% tariff imposed on China, a move that is

Filing income tax returns can sometimes lead to a refund if you’ve paid more tax than required. If you are expecting a refund, it’s essential to check income tax refund status to track its progress and ensure timely receipt. The Income Tax Department allows taxpayers to monitor their refund status online through various platforms like the e-Filing portal, NSDL, and TRACES.

When making payments to non-residents, individuals and businesses in India must comply with certain tax regulations. Two key forms required for reporting such payments are Form 15CA and 15CB. These forms help the government track foreign remittances and ensure proper tax deduction at source (TDS) under the Income Tax Act, 1961. This article will help you understand what Form 15CA and