Transfer

Indigenization of technology. Developments of New technologies,transfer of technology, dual and critical use technologies

In view of rapid Globalization-3/”>Globalization, fast depleting material Resources, raising economic competition between nations and the growing need to protect intellectual property, it is essential to find cost effective approaches in international scientific collaborations through intensification of established mechanism, contacts and collaborative tie ups. Some new initiatives that may be suggested are : establishment of … Read more

Indigenous technology, Transfer of technology and developing new Technologies.

In view of rapid Globalization-3/”>Globalization, fast depleting material Resources, raising economic competition between nations and the growing need to protect intellectual property, it is essential to find cost effective approaches in international scientific collaborations through intensification of established mechanism, contacts and collaborative tie ups. Some new initiatives that may be suggested are : establishment of … Read more

Pattern Of Revenue Expenditure

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> In India, government expenditure – as per the provision in the Constitution – is divided into Revenue Expenditure and Capital Expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close … Read more

concept of VAT

VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more

Base Erosion and Profit Sharing

Base Erosion and Profit Shifting: A Global Challenge to Tax Fairness Introduction The global economy is increasingly interconnected, with multinational corporations (MNCs) operating across borders and engaging in complex transactions. This interconnectedness, while fostering economic growth, has also created opportunities for corporations to exploit loopholes in tax systems and shift profits to low-tax jurisdictions, a … Read more

General Anti-Avoidance Rules(GAAR)

Navigating the Labyrinth: A Comprehensive Guide to General Anti-Avoidance Rules (GAAR) The pursuit of tax efficiency is a natural instinct for individuals and businesses alike. However, this pursuit can sometimes lead to the creation of complex and artificial arrangements solely designed to minimize tax liability. To counter such practices and ensure a fair and equitable … Read more

Double Taxation Avoidance Agreements (DTAA)

Navigating the Global Tax Landscape: A Guide to Double Taxation Avoidance Agreements (DTAA) The globalized economy has fostered a complex web of international business transactions, leading to a potential for double taxation – a situation where the same income or capital is taxed twice by different countries. To mitigate this risk and promote cross-border investment, … Read more

Advanced Pricing Agreements

Navigating the Complexities of Advanced Pricing Agreements (APAs) The globalized nature of modern business has led to an increasing complexity in international tax matters. Multinational corporations (MNCs) often face challenges in determining the appropriate transfer pricing for transactions between their subsidiaries in different countries. This can lead to disputes with tax authorities, resulting in costly … Read more

Current Account

The Current Account: A Vital Indicator of a Nation’s Economic Health The current account is a crucial component of a country’s balance of payments, reflecting its overall economic performance and international competitiveness. It tracks the flow of goods, services, income, and transfers between a nation and the rest of the world. Understanding the current account … Read more

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