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Def.
Lex-O-Pedia
Can Shifting Tax Residency From India to the USA or UAE Avoid Capital Gains Tax?
An Indian professional who becomes a US tax resident and then claims UAE residency before selling shares in a US company runs into Section 6(1A) deemed residency, GAAR and the indirect-transfer rules. Why the zero-tax exit rarely survives scrutiny under Indian law.
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Def.
Lex-O-Pedia
What Are the Tax Consequences of Settling a Loan by Transferring Unlisted Shares?
Settling an NBFC loan by transferring unlisted shares at fair market value triggers capital gains for the borrower under Sections 45, 48 and 50CA, and possible deemed income for the lender under Section 56(2)(x). How the provisions interact, and where double taxation arises.
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Def.
Lex-O-Pedia
What is the concept of Income Taxable under the Income Tax Act, 1961?
The Income Tax Act, 1961, taxes income under five heads: salary, house property, business/profession, capital gains, and other sources. Income includes monetary and non-monetary forms, with provisions for deductions, exemptions, and adjustments to compute taxable income.
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