Can I exercise my employee stock options from an NRO account?
The exercise price of ESOPs is the predetermined cost at which an employee can buy company shares when exercising their vested stock options.
PPT circular doesn’t intend to interfere with any other provision of the Indian DTAAs, says CBDT
CBDT clarifies circular on Principal Purpose Test (PPT) under India's DTAAs, ensuring consistency in tax law interpretation.
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Reimbursement of Salaries to Seconded Employees Does Not Constitute FTS
The Revenue maintained that the employer-employee relationship between the seconded employees and Walmart Inc. continued, making the payments taxable under Section 195. However, Flipkart argued that ...
CBDT clarifies exemptions from principal purpose test in double taxation avoidance agreements
India's Central Board of Direct Taxes (CBDT) has clarified that exemptions from the Principal Purpose Test (PPT) under some ...
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Income Tax Rule 128 for claiming foreign tax credit is directory in nature: ITAT Pune
In its ruling, the ITAT Pune concluded that the provisions of Rule 128 (9) are directory, not mandatory, aligning with judicial precedents emphasizing the supremacy of DTAA provisions in cases of ...