Taxation Articles

Tax planning is an intriguing financial strategy that demands serious attention of an experienced tax lawyer. Awards or monetary benefits received from a legal settlement or lawsuits also include tax paying responsibilities, but not always. Learn the conditions when your awards are relieved from tax regulations.

Money laundering is the process of changing large amounts of money obtained from crimes, such as drug trafficking, into origination from a legitimate source. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.

Tax law in U.S. is getting very stringent over the foreign bank accounts holders. New administration in U.S.A. is keeping strict vigil to undisclose the foreign bank accounts. So every foreign bank account holder should know the details or take advises from an expert to stay away from any kind tax related disputes.

This article aims to present a broad overall view of the general principles of taxation of foreign companies operating in India. The article shall also briefly dwell on the different types of structuring a foreign concern can opt for in India, and the tax implications thereof. In this article, the term ‘foreign company’ is used to include all non-domestic entities as well.