Posted on Leave a comment

International Taxation – Relief from Double Taxation

Meaning of Double Taxation and why it arises?

Double taxation generally means taxation of same income of a person in more than one country. The main reason behind double taxation is that countries across the world different rules for taxing income. Basically, there are two main rules of income taxation:

Continue reading International Taxation – Relief from Double Taxation
Posted on Leave a comment

International Taxation: Source Rule of Taxation under section 9.

International Taxation: Source Rule of Taxation under section 9.

Dear CA / CMA Students,

Let us start with few practical scenarios

Continue reading International Taxation: Source Rule of Taxation under section 9.
Posted on Leave a comment

International Taxation: Taxation of Non-residents’ Shipping Business-Section 44B of the Act

Dear CA Final/CMA Final Students,

Let us start with a small practical scenario.

A non-resident foreign shipping Company reports income under section 44B of the Act. It would like to claim unabsorbed depreciation and brought forward business loss against such income. Whether such claims are permissible?

Continue reading International Taxation: Taxation of Non-residents’ Shipping Business-Section 44B of the Act