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Fees Paid By Google India To Google Ireland For AdWords Program Distribution In India Are Not ‘Royalty’: ITAT

The Income Tax Appellate Tribunal (ITAT) Bangalore Bench has ruled that the distribution fees paid by Google India to Google Ireland under a Distribution Agreement, under which Google India was appointed as a distributor of the AdWords program to advertisers in India, do not constitute ‘Royalty’ under the India-Ireland DTAA. The Bench of George George…

Cost of living crisis: Stop the Squeeze demands that the wealthy pay their fair share of taxes

Pressure is mounting on the leaders of Britain’s two major political parties to embrace greater wealth taxes, as concerns rise about the impact of a fresh austerity push amid the cost-of-living crisis. A new coalition of 40 charities and campaign groups, including Oxfam, Save the Children, and Christians Against Poverty, said Britain’s tax system was…

ITR filing: The deadline for filing income tax returns with audit reports for the fiscal year 2022-23 has been extended to November 7

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for corporations and individuals whose accounts must be audited until November 7, 2022. Previously, the deadline for submitting ITR for these assessees was October 31, 2022. The CBDT extended the deadline for filing audit reports last month. As…