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Opinion - Page 5

Understanding The Benami Law In India: FAQs

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March 11, 2018
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[Source: www.mondaq.com; Article by Bharat Chugh and Kushank Sindhu, Luthra & Luthra Law Offices] In the last few months we have seen a major crackdown on Benami properties and their owners by the Government. Specialised Anti-Benami units have been set up by the Income Tax department across the country and in almost every state and thousands of properties already stand

The Unimportance of Practically Everything

October 25, 2012
[Source: Harvard Business Review (HBR Blog Network); Author: Greg McKeown] Greg McKeown is the CEO of THIS Inc., a leadership and strategy design agency headquartered in Silicon Valley. He was recently named a Young Global Leader by the World Economic Forum. Greg did his graduate work at Stanford. A friend
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Double whammy for franchises

August 22, 2012
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There are conflicting rules on whether a franchise is subject is to service tax, VAT, or both. The negative list has not helped either. Franchising is a prevalent business model whereby the brand owner (or franchisor) provides representational rights to the buyer (or franchisee) for a consideration. This consideration is
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No Service Tax on Advertisements

July 30, 2012
[By Shaleen Shah (Partner), VNCA] Selling of space or time slots for advertisements other than advertisements broadcast by radio or television is not taxable service vide Clause (g) of Negative List of Services u/s 66D w.e.f. 1-Jul-2012.  In other words, service tax is payable only on advertisements on radio or
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Tackling double taxation of software

May 28, 2012
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Budget 2012-13 possibly provides an opportunity to resolve this longstanding problem through the proposed taxation of services. The indirect taxation of information technology software has been a longstanding matter of debate and dispute. In particular, the challenge of double taxation has been endemic. This article highlights the recent developments in
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Service Tax on `Legal Consultancy Service’

March 6, 2012
[By Shaleen Shah (Partner), VNCA] This article appeared in the Feb-2012 edition of the Sales Tax Journal published by The Gujarat Sales Tax Bar Association After amendments w.e.f. 01-05-2011, even Individual legal consultants are covered in respect to certain services – Legal Consultancy Service is applicable to any person providing
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Controversy – Service Tax on Copyrights

July 9, 2010
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[By Shaleen Shah (Partner), VNCA] The Finance Act, 2010 has amongst other amendments, proposed following new service on Copyrights w.e.f. 1-Jul-2010: The existing taxable service ‘Intellectual Property Right (IPR)’ excludes copyright from its scope. The service of transferring temporarily or permitting the use or enjoyment of Copyrights on (a) cinematographic
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RECENT CHANGES IN THE PROVISIONS REGARDING TDS & TCS

April 28, 2009
This article examines the impact of the amendments made by the Income-tax (Sixth Amendment) Rules, 2009, Income-tax (Seventh Amendment) Rules, 2009 and Income-tax (Eighth Amendment) Rules, 2009 in respect of the provisions relating to tax deducted at source and tax collected at source. INTRODUCTION 1. Various amendments have been made
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