Section Analytics is a great way to access all the information related to a section, including cases quickly. This becomes a ready reckoner for you, and helps you get quick answers and take strategic decisions. If you have done this before hand, you have a significant headstart. You can do this by maintaining a file … Continue reading Section Analytics – A Brave New World
Advertising & Marketing Promotion (AMP) an International Transaction?
Section 92B of the Income Tax Act defines `international transaction’. So let's start with a simplified reading of the section. Simplifying Section 92B - International Transaction The section primarily classifies the combination of party types and transactions that results in an international transaction. Party types Transaction between two or more associated enterprises, either or both … Continue reading Advertising & Marketing Promotion (AMP) an International Transaction?
CBDT Amends Rule 44G
Summary of Income-tax (8th Amendment) Rules, 2020 CBDT amended Rule 44G of Income tax Rules, 1962 for making an application to invoke the mutual agreement procedure (‘MAP’) in Form no. 34F. According to the amended rule, the competent authority in India shall endeavour to arrive at a mutually agreeable resolution on tax disputes in accordance … Continue reading CBDT Amends Rule 44G
Residential Status Calculations for FY 19-20
CBDT issued circular No. 11-2020 clarifying how residency in India will be calculated with respect to an individual's stay in the period of lockdown. If an individual came to India on or before 22nd March 2020, the period between 22nd February and 31st March will not be taken into account, irrespective of whether they could … Continue reading Residential Status Calculations for FY 19-20
Madras High Court takes on Pharmaceutical Firms
A legal and ethical issue has been brought before the Madras High Court by the tax department raising a conflict in the applicability of the laws applicable to the pharmaceuticals company and the allied health industry. The developments are almost Shakespearean. In Shakespeare's play - Macbeth - Macbeth asks the three witches to predict his … Continue reading Madras High Court takes on Pharmaceutical Firms
Riverus Strategic Income Tax Research Tool v2.0 is out!
We are excited to share with you that our Riverus Strategic Income Tax Research tool had not only got new looks but also is packed with robust functionalities. This tool will save your research time by offering answers to your queries in seconds. Check this quick video to get sneak peek. To get a demo … Continue reading Riverus Strategic Income Tax Research Tool v2.0 is out!
To Appeal or To Writ?
High Court Terrain Income Tax is a field of law which sees one of the heaviest volumes of litigation in India. In order to extract the most relevant insights from a humongous data set like this, categorisation becomes a very important tool. We decided to categorise the tax litigation at the High Courts in India … Continue reading To Appeal or To Writ?
Everybody loves a bit of encouragement!
And we are no different. To receive appreciation from some of the premier tax heads of the country and then to be awarded "Tax innovator of the year" feels like a caffeine shot. We are just getting started and there's a lot more cool stuff coming from us. Stay tuned! Also Read: Depreciation: Top 5 … Continue reading Everybody loves a bit of encouragement!
The Vantage Point
Welcome to The Vantage Point - the Riverus blog. We look forward to you reading our analysis, and hearing your views and feedback through comments. If you have any suggestions on articles or areas of income tax case law that you want us to analyse, please write in as a comment. (Comments on this site … Continue reading The Vantage Point
We got reported!
By The Ken! We are part of the cover story. They have done a nice little piece on how the pyramid like legal world could transform into a well chiselled diamond with the influence of state-of-the-art tech! Exactly our point. 🙂 Here's the article.