International Taxation Ready Reckoner

A Complete and Comprehensive Guide to International Taxation and Cross-Border Transactions
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Description
Indian taxation system, comprising the Income Tax Statute - Income tax Act, 1961, Income-tax Rules, 1962, regulations, circulars, notifications, the bilateral tax treaties, judicial precedents, procedural notifications and so on has developed substantially since independence and more so post the current Income-tax Act, 1961 replaced the erstwhile Income-tax Act, 1922. Since 1991 when the Indian economy reformed and opened up to take the baby steps to integrate with the globalised world, there have been continuous reforms leading to more and more multinational companies setting up shops in India and collaborating with Indian entrepreneurs. Similarly, the overseas investment regime for Indian entrepreneurs to spread their wings outside India and benefit from the financing and growth opportunities offered around the world has enabled Indian S corporations to become conglomerates, almost competing with the global multinational corporations. It cannot be said that we have arrived. But yes, we are on the path to be recognised as an economic force to reckon with. It is impossible to think that any global corporation would not have India as a country in their strategy for growth whichever way it may be considered.
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Contents
Chapter 1: Tax System For Non-Residents In India - Overview
Chapter 2: Tax Treaties
Chapter 3: Setting Up A Business In India
Chapter 4: Classification Of Income
Chapter 5: Determining Eligibility To Claim Benefits Of DTAA
Chapter 6: Taxation Of Rental Income
Chapter 7: Taxation Of Business Income
Chapter 8: Taxation Of Dividend Income
Chapter 9: Taxation Of Interest Income
Chapter 10: Taxation Of Royalty Income
Chapter 11: Taxation Of Income From Fees For Technical Services
Chapter 12: Taxation Of Capital Gains
Chapter 13: Taxation Of Employment Income
Chapter 14: Taxation Of Non-Resident Indian
Chapter 15: Taxation Of Foreign Portfolio Investors
Chapter 16: Taxation Of AIFs, REITs, InvITs, Securitisation Trust
Chapter 17: Transactions Attracting Transfer Pricing Regulations
Chapter 18: Business Reorganisations
Chapter 19: Discontinuance Of Business And Dissolution Of Indian Company
Chapter 20: Foreign Tax Credit
Chapter 21: Making Payments To Nrs & Obtaining Lower withholding Tax Certificate
Chapter 22: Assessments, Appeals And Dispute Resolution
Chapter 23: General Anti Avoidance Rules
Chapter 24: Miscellaneous
Chapter 25: Case Study To Determine Taxability Of NR, Under IT Act & DTAA
Appendix : List Of Forms Referred
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Author Details
Daksha Baxi is one of the top rated tax advisers in India, recognised over many years by various worldwide surveys and ranking agencies. She is a fellow member of the Institute of Chartered Accountants in England & Wales; a fellow member of the Institute of Chartered Accountants of India and honours graduate in Economics. Having spent a decade and half in the UK, Switzerland and various parts of Europe and the USA advising on cross border investments and navigating bilateral tax treaties, her return to India coincided with the opening up of the Indian economy to welcome foreign investments and liberalise the policies for international transactions.
Adv. Surajkumar Shetty is enrolled with the Bar Council of Maharashtra & Goa and has over 12 years of experience in advising clients on aspects relating to direct taxation. After having completed law, he has been working with some of the top tier law firms in India in their direct tax teams. During his stint with these firms, Suraj has received tremendous exposure to various intricate issues pertaining to both, domestic and international taxation. He is well-experienced in advising clients on various income-tax aspects relating to M&A transactions, devising appropriate risk mitigation and litigation strategies, restructuring businesses and business transfers, drafting and negotiating agreements from an income-tax standpoint, funds taxation, etc.