INTRODUCTION  Mutual Agreements Procedure (MAP) is a model or mechanism available to taxpayers to resolve disputes that have arisen due to double taxation. When two countries enter into an agreement to avoid double taxation, it gives a clear pathway to the concerned authorities under MAP in those particular jurisdictions. Article 25 of the OECD Model…

BACKGROUND  As per the OECD Convention Model, 2017 the term resident of a country means any person who, under his native country is liable to tax therein by reason of his domicile, residence or place of effective management. Due to COVID-19, if an individual is present in a jurisdiction for a considerable amount of time,…

RELIEF MEASURES IN PURVIEW OF COVID-19 MINISTRY OF LABOUR & EMPLOYMENT- 19th MAY, 2020 INTRODUCTION The whole world has been affected by the spread of the novel corona virus. It is as if the world economy has been brought to a standstill as we are forced to stay indoors. India has now entered Lockdown 4.0. Due…

Extension of Lockdown 1. What is the new extension period towards lockdown? Answer: The Ministry of Home Affairs vide order no. 40-3/2020-DM-I(A) dated 17.05.2020 has issued guidelines on the measures taken by Central Ministries/ Departments of India, State/ UT governments & authorities for containment of COVID- 19 in the country for the extension of lockdown….

BACKGROUND Taxation on income of companies which are engaged in technological goods & services have always been a niche and debatable issue among the countries since inception due to the disruptive businesses models which allow companies to operate in a country without having any physical presence, or having its permanent office. These companies even if…

BACKGROUND  The current pandemic has painted an entire new image of growth for certain sectors, especially telecommunication sector, which has played a role of life saver for the companies and individuals during quarantine and lockdown. The lockdown and social distancing measures have led to higher dependence on digital tools, which in turn has increased the…

Introduction Lockdown 4.0 will be in effect from 18.05.2020 till 31.05.2020. This also brings relaxations in working but with a challenge to curb the spread of COVID – 19. The Government through the Ministry of Home Affairs issued Order No. 40-3/2020-DM-I(A) has laid down fresh guidelines to govern the Country’s functioning. Challenges It becomes necessary…

INTRODUCTION In furtherance to the Self-Reliant Movement (Aatma-nirbhar) announced by the Prime Minister on 13th May, 2020, the Union Minister of Finance & Corporate Affairs Ms. Nirmala Sitharaman announced the Economic Package in order to focus on; – land, – labour, – liquidity and – law. The Finance Minister stated that the Government shall build…

INTRODUCTION Cryptocurrency, is a digital asset meant to be used as digital money. This means there is no physical coin or bill. Instead, it is all virtual and online. Bitcoin is a front runner and the most popular cryptocurrency currently. While cryptocurrencies are not likely to substitute traditional currency, they have transformed the way virtually-connected…