Taxability of an offshore discretionary trust having resident and non-resident beneficiaries: Implications at time of accrual of income vs distribution of income Know the tax implications on discretionary trusts that are set up outside India. Offshore discretionary trusts can be set up by a resident or a non-resident of India and have resident as well … Continue reading What we added to the Telescope this week!
Riverus Telescope is an AI-powered technology product that empowers income tax professionals by providing the latest information and instant insights on the most pressing tax issues relevant to the professional’s business. https://youtu.be/AS-BY3qyw-Q
Data, they say, is the new oil. Much like oil, in its crudest form, data has little use. And while oil needs to be processed in an elaborate refinery, data needs a refinery of no less magnitude. I could go on and this comparison would be fun to stretch but let me get to the … Continue reading The story of an Income Tax Issue