Post by: Sreeram Viswanath in Accounting Income Tax
International Transaction The term International Transaction refers to the transactions between two or more associated enterprises, where at least one of the parties is a non-resident. International transactions can be in the form of purchase, sale or lease of tangible…
Post by: Chris John in Legal
Association of Persons (AOP) It would be difficult to find a definition for Association of Persons (AOP) in the Indian Laws. Although there may be no direct definitions, the General Clauses Act of 1897 has defined an association while defining a…
Post by: Sreeram Viswanath in Compliance Income Tax
Associated Enterprises - Income Tax Section 92 of the Income Tax Act specifies that and “Associated Enterprise” in relation to another enterprise, means an enterprise which participates, directly or indirectly, or through one or more intermediaries, in the management, control,…
