Home About Us Our Services
Our Clients Important Links Team Follow Our Blogs Affiliates Network Members Career Media Center Contact Us
 
 
 

rajput jain and associates

Company
Export Import Code
Income tax
Copyright Registration Service
Design Registration
Patent Registration
Trade Mark Services
LLP Registration Services
Partnership Firm Registration
Propritorship Registration
Service Tax
Society / NGO Registration
Vat / Sales Tax Registration
Company
Export Import Code
Income tax
Copyright Registration Service
Design Registration
Patent Registration
Trade Mark Services
LLP Registration Services
Partnership Firm Registration
Propritorship Registration
Service Tax
Society / NGO Registration
Vat / Sales Tax Registration
Company
Export Import Code
Income tax
Copyright Registration Service
Design Registration
Patent Registration
Trade Mark Services
LLP Registration Services
Partnership Firm Registration
Propritorship Registration
Service Tax
Society / NGO Registration
Vat / Sales Tax Registration

Sunday, December 11, 2016

rajput jain and associates
Rajput Jain & Associates, a Chartered Accountants firm has staff strength of nearly 30 in India. One of the key strength of the firm is its ability to provide value added services to its clients on an All India Basis. The firm has a wide network of associates spread all across the country and through such wide network the firm has been able to successfully complete the tasks
PAN (Permanent Account Number) allotment process will undergo a change from 3 February 2014. The official release mentioned that an applicant of PAN will have to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents. The applicant will also have to produce the original documents for verification at the counter of PAN facilitation centres. The notification also said that the POI, POA and DOB documents attached with the application PAN form will be verified with their original documents at the time of application submission. It also said that the original documents will not be retained by the PAN Facilitation centre and will be returned back to the applicant as soon as it is verified.
 
 
Start My Business

For Indian Owners

Proprietorship Joint Hindu Family (HUF) Partnership One Person Company Limited Liability Partnership (LLP) Private Limited Company Nidhi Company Public Limited Company

For Foreign Owners

Indian Subsidiary Liaison office in India Branch office in India Setting up Joint Venture in India

NGO Registration

Society Trust Section 8 Company

Step 1
Leave a request from anywhere

Step 2
Send your documents via mail/courier

Step 3
Relax @ Home,We form your Business

Step 4
Your Business/Company Registration done

Maintain My Business
   
 
 
corner back corner
services
Business Setup Outside India
XBRL Data Conversion Services
SSI Registration Services
Virtual Office Facility
Deed, Agreement & MoU drafting
corner corner corner
box shadow
corner back corner
services overview
empty cell
Business set up in India
Entry Strategy
Growth Strategy
Diversification Strategy
Internal Audits
Management Audits
Sox Audits & Clause 49
Due diligence audit
Service Tax Procedure & Refund
Service Tax Registration
Central Excise Consultancy
Central Excise Registration
Deemed Exports
DGFT Consultancy
Duty Exemption Scheme
EPCG Export Promotion Capital Goods
Foreign Trade Consultants
Import Duty Calculator
Import Export Registration
Project Imports
Promotional Measures for Exports
Registration for Import/Export
Special Addition Duty
Copyright Services
Design Registration
Intellectual Property Right Services
Patents Registration
Trade Mark Registration
Bank Guarantee Advisory
CIBIL Report
External Commercial Borrowing Advisory Services
Finance Project Report Service
Lease Rental Discounting Consulting Services
Letter of Credit Consulting Services
Loan Against Property Mortgage Consultancy Services
Private Equity Funding Advisory
Project Finance Services
Trade Finance Advisory Services
Unsecured Business Loan
Working Capital Financing Advisory Services
LLP Consulting Services
LLP Registration Services
Amalgamation Services
Business Process Re-Engineering
Due Diligence
Financial Structuring & Restructuring
Joint Venture Consultancy
Mergers and Acquisition Advisory
Company Registration Service
Company Secretarial Retainership Service
Legal Compliance Audit
Ready-made (Shelf) Company Service
Foreign Exchange Management Act Value Added Tax (VAT) SSI Registration Services Unit in SEZ/ STPI Transfer Pricing Outsourcing Services Virtual Office Facility Deed, Agreement & MoU drafting Accounting & Controlling
Asset Utilization & Technology
Continuous Improvement
Knowledge Management
Lean Management
Maintenence
Management
Manufacturing
Marketing & Sales
Organization
Performance Management
Planning
Purchasing
R&D and New Technology
Relation Management
Shared Service Center
Single Business Entity
Supply Chain
Turnover
Project & Working Capital Financing
Management Information System
Business Process Re-engineering
Service Tax
International Taxation
Income Tax
12A Registration of NGO
35(1)(II) & 35(1)(III) Registration
35AC Registration
80G Registration
FCRA Registration
NGO Registration in India
empty cell
corner corner corner
box shadow
corner back corner
services overview
empty cell
*Name:
*Email:
Mobile:
Message:
Enter the code shown
Enter the code shown
  
empty cell
corner corner corner
box shadow
International Taxation
DOUBLE TAXATION AVOIDANCE AGREEMENT (DTAA) IN INDIA

The Double Tax Avoidance Agreement (DTAA) is necessarily a bilateral agreement entered into between two countries. The basic motive is to promote and foster economic trade and investment between two Countries by avoidance of double taxation.

International double taxation has adverse impacts on the trade and services and on movement of capital and people. Taxation of the same income by two or more countries would constitute a prohibitive burden on the payer of tax. The domestic laws of most countries, including India, reduce this difficulty by affording unilateral relief in respect of such doubly taxed income (Section 91 of the Income Tax Act). But as this is not a satisfactory solution in view of the divergence in the rules for determining sources of income in different countries, the tax treaties try to remove tax obstacles that inhibit trade and services and movement of capital and persons between the countries concerned. It helps in improvement of the general investment climate.

The need for Agreement for Double Tax Avoidance arises because of conflicting rules in two different countries about chargeability of income on basis of receipt and accrual, residential status etc. As there is no clear definition of income and taxability thereof, which is approved internationally, an income may become liable to tax in two countries. Double taxation occurs when an individual is forced to pay two or more taxes for the same income, asset, or financial transaction in different countries. Double taxation occurs mainly due to overlapping tax laws and regulations of the countries where an individual operates his business.

The need for Agreement for Double Tax Avoidance arises because of conflicting rules in two different countries about chargeability of income on basis of receipt and accrual, residential status etc. As there is no clear definition of income and taxability thereof, which is approved internationally, an income may become liable to tax in two countries. Double taxation occurs when an individual is forced to pay two or more taxes for the same income, asset, or financial transaction in different countries. Double taxation occurs mainly due to overlapping tax laws and regulations of the countries where an individual operates his business.

  • The income is taxable only in one country.
  • The income is exempt in both countries.
  • The income is taxable in both countries, but credit for tax paid in one country is given against tax payable in the other country.

In India, Under Section 90 and 91 of the Income Tax Act, relief against double taxation is granted in two ways:

UNILATERAL RELIEF

Under Section 91, an individual can be relieved from double taxation by Indian Government irrespective of whether there is a DTAA between India and the other country concerned. Unilateral relief to a tax payer may be provided if:

  • The person or company has been a resident of India in last year.
  • In India and in another country with which there is no tax treaty, the income should have been taxable
  • The tax has been paid by the person or company under the statutory laws of the foreign country in question.

BILATERAL RELIEF

Under Section 90, the Indian government provides protection against double taxation by entering into a DTAA with another country, based on mutually acceptable terms.

SUCH RELIEF MAY BE OFFERED UNDER FOLLOWING TWO METHODS:

EXEMPTION METHOD: This assures complete avoidance of tax overlapping.

TAX CREDIT METHOD This provides relief by giving the tax payer a deduction from the tax payable in India.

DTAA CAN BE OF TWO TYPES.

A. COMPREHENSIVE DTAA: Comprehensive DTAAs are those which cover almost all types of incomes covered by any model convention. Many a time a treaty covers wealth tax, gift tax, surtax etc. too. DTAA Comprehensive Agreements with respect to taxes on income with following countries :

corner back corner
corner corner corner
box shadow
corner back corner
rajput jain and associates
rajput jain and associates
We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.
corner corner corner
box shadow
corner back corner
corner corner corner
box shadow
corner back corner
services overview
empty cell
corner corner corner
box shadow
corner back corner
services overview
empty cell
corner corner corner
box shadow
 
 
 
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belarus
  • Belgium
  • Brazil
  • Bulgaria
  • Canada
  • China
  • Cyprus
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hashemite Kingdom of Jordan
  • Hungary
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Kazakstan
  • Kenya
  • Korea
  • Kyrgyz Republic
  • Libya
  • Malaysia
  • Malta
  • Mauritius
  • Mongolia
  • Morocco
  • Namibia
  • Nepal
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Philippines
  • Poland
  • Portuguese Republic
  • Qatar
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • Sudan
  • Sweden
  • Swiss Confederation
  • Syria
  • Tanzania
  • Thailand
  • Trinidad and Tobago
  • Turkey
  • Turkmenistan
  • UAE
  • UAR (Egypt)
  • UGANDA
  • UK
  • Ukraine
  • USA
  • Uzbekistan
  • Vietnam
  • Zambia

B. LIMITED DTAA: Limited DTAAs are those which are limited to certain types of incomes only, e.g. DTAA between India and Pakistan is limited to shipping and aircraft profits only. DTAA Limited agreements – With respect to income of airlines/merchant shipping with following countries:

  • Afghanistan
  • Bulgaria
  • Czechoslovakia
  • Ethiopia
  • Iran
  • Kuwait
  • Lebanon
  • Oman
  • Pakistan
  • People's Democratic Republic of Yemen
  • Russian Federation
  • Saudi Arabia
  • Switzerland
  • UAE
  • Uganda
  • Yemen Arab Republic

When an Indian person makes a profit or some other type of taxable gain or receives any income in another country, he may be in a situation where he will be needed to pay a tax on that income in India, as well as in the country in which the income was made. To protect Indian tax payers from this unfair practice, DTAA assures that India's trade and services with other countries, & also the movement of capital are not adversely affected. Acting under the authority of law,

ROLE OF TAX TREATIES IN INTERNATIONAL TAX PLANNING

  • Facilitates investment and trade flow, prohibiting discrimination between tax payers; Adds fiscal certainty to cross border operations; Prevents international evasion and avoidance of tax; Facilitates collection of international tax; Contributes acquisition of international development objective, and Avoids double taxation of income by allocating taxing rights between the source country where income arises and the country of residence of the recipient; thereby promoting cooperation between or amongst States in carrying out their responsibilities and guaranteeing the stability of tax burden.
  • Thus, tax incidence, becomes a necessary factor influencing the non-residents in deciding about the location of their investment, services, technology etc. Tax treaties serve the purpose of providing protection to tax payers against double taxation and therefore preventing the discouragement which taxation may provide in the free flow of international trade, international investment and international transfer of technology. Additionally, such treaties contain provisions for mutual exchange of information and for mitigating litigation by providing for mutual assistance procedure.
  • The agreements allocate jurisdiction between the source and residence country. Wherever such jurisdiction is given to both the countries, the agreements
  • specify maximum rate of taxation in the source country which is generally lower than the rate of tax under the domestic laws of that country. The double taxation in such cases are prevented by the residence country agreeing to give credit for tax paid in the source country thereby reducing tax payable in the residence country by the amount of tax paid in the source country.
  • These agreements give the right of taxation in respect of the income of the nature of interest, dividend, royalty and fees for technical services to the country of residence. However, the source country is also given the right but such taxation in the source country has to be restricted to the rates specified in the agreement.
  • So far as income from capital gains is concerned, gains arising from transfer of immovable properties are taxable in the country where such properties are located. Gains arising from the transfer of movable properties forming part of the business property of a ‘permanent establishment ‘or the ‘fixed base‘is taxed in the country where such permanent establishment or the fixed base is placed.
  • So far as the business income is concerned, the source country gets the right only if there is a ‘permanent establishment‘ or a ‘fixed place of business’ there.
  • Income derived by rendering of professional services or other activities of independent character are taxable in the country of residence except when the person deriving income from such services has a fixed base in the other country from where such services are rendered.
  • The agreements also provides for jurisdiction to tax Director’s fees, remuneration of persons in Government service, payments received by students and apprentices, income of entertainers and athletes, pensions and social security payments and other incomes.
  • Sometimes, it may happen that owing to reduction in tax rates under the domestic law taking place after coming into existence of the treaty, the domestic rates become more favourable to the non-residents. Since the objects of the tax treaties is to benefit the non-residents, they have, under such circumstances, the option to be assessed either as per the provisions of the treaty or the domestic law of the land.
  • In order to avoid any demand or refund consequent to assessment and to facilitate the process of assessment, it has been provided that tax shall be deducted at source out of payments to non-residents at the similar rate at which the particular income is made taxable under the tax treaties.

What Rajput Jain & Associates Offers

We at Rajput Jain & Associates offer advisory services to Indian Clients, Multinational Clients having interest in India and NRI for better tax management keeping in view the laws of India as well as overseas countries and Double Taxation Avoidance Agreements (DTAA) if any executed.

For any further queries, please mail us to singh.swatantra@gmail.com

Contact Us For More Information Send Us Your Query |REQUIREMENT OF DTAA SERVICE PROVIDER IN DELHI | DTAA SERVICE PROVIDER CHARTERED ACCOUNTANT |DTAACONSULTING SERVICES PROVIDER CHARTERED ACCOUNTANT FIRM IN DELHI | REQUIREMENT OF DTAA ADVISORY PROVIDER CA FIRM |DTAA CONSULTANTS| REQUIREMENT OF DTAA ADVISORY FIRMS DELHI | REQUIREMENT OF DTAA CONSULTING PROVIDER IN INDIA | PRACTICING CHARTERED ACCOUNTANTS SERVICES PROVIDER ON DTAA CONSULTING SERVICE IN DELHI |DTAA CONSULTING SERVICES CHARTERED ACCOUNTANTS FIRM IN INDIA/DELHI/CP
 
 
 
  Sitemap Admin
rajput jain and associates