In this article we will discuss about the source of passive income:- 1. Dividend Income 2. Interest Income and Expense 3. Royalty Income and Payments 4. Capital Gains. Dividend Income: General: Dividends are normally understood to refer to a profit share paid out by a company to its shareholders out of retained earnings. For tax purposes, they have a wider [...]
In this article we will discuss about the source of income of a country:- 1. Connecting Factors for the Tax Objects 2. Basic Source Rules 3. Taxing Source Rules 4. Conflicts in Source Rules. Connecting Factors for the Tax Objects: The connecting factors for the tax objects are the source rules. The source rules identify: (a) Where the income arises [...]
In this article we will discuss about the advance tax rulings: 1. Meaning of Advance Tax Rulings 2. Country Examples of Advance Tax Rulings. Meaning of Advance Tax Rulings: Many countries provide advance tax rulings (“ATR") today. These rulings are issued either under a formal legislation by a separate body (Examples: India, Sweden) or given by the tax authorities with [...]