As you all must be aware of the New Taxation Regime introduced by the Finance Act, 2020 by insertion of section 115BAC in the Income Tax Ac, 1961. Now, there is a lot of confusion going around regarding this and number of questions mentioned below remained unanswered...
Everyone knows that Income from salary, rental income and business income is taxable under their respective heads. But what about income from sale or purchase of securities? Many stakeholders which includes homemakers, retired people, youth, working professionals...
With this article, we would like to explicate the concept of Foreign Companies and PE in light of Indian Income Tax Act provisions. Foreign Companies ♠ Foreign company means a company which is not a domestic company, i.e. a company registered outside India in any...
In her budget speech, the Hon’ble Finance Minister, Smt. Nirmala Sitharaman had announced launching of a scheme in 2019 that would provide e-Assessment of Income-tax in electronic mode, in a phased manner, with no human interface. -On 7th of October 2019, the Revenue...
Startups have asked the government to provide clarity on key tax issues, including ‘significant economic presence’, equalisation levy and tax on employee stock ownership plans (esops). The companies raised these issues during a recent meeting with finance minister...
India has sought changes in the Organisation for Economic Cooperation and Development (OECD) proposal on digital taxation, saying it would deny the country its proper share of taxes from multinationals such as Google, Facebook, Uber and Netflix, which generate...
"This initiative will prove to be an economy booster..” The government has promulgated the Taxation Laws (Amendment) Ordinance 2019 to make amendments in the Income-tax Act and the Finance (No. 2) Act 2019. With a $20 billion stimulus to reboot India, Finance Minister...
During an event held on June 8-9, 2019 at Fukuoka, Japan, the Finance Ministers of the G20 member nations called for the creation of common Digital Tax Rules for multinational technology companies. Big Tech Giants such as Facebook, Google, Amazon, etc., face criticism...
The government has provided angel tax exemption to 541 start-ups so far, industry secretary Ramesh Abhishek tweeted. He said only 36 applications for the exemption were turned down and that too for incomplete documentation. The angel tax is levied on start-ups that...
India continues to attract foreign businesses and investors looking to access one of the world's largest and fastest-evolving markets. However, one of the first decisions a foreign investor needs to make is choosing the right legal structure for doing business in...
Business Setup in India: Build Your Business on the Right Legal Foundation Starting a business in India is no longer simply about having a great idea, finding customers, and opening a bank account. Having the correct type of business structure, registration, tax...
Starting a business in India requires more than choosing a name and beginning commercial operations. Entrepreneurs need to select an appropriate legal structure, prepare the required documents, complete incorporation formalities and understand the tax and regulatory...
Starting a business in India involves more than simply choosing a name and beginning operations. Entrepreneurs who want to establish a formal business structure need to select the right type of entity, complete the required registrations, obtain the necessary...
Turn Your Business Idea Into a Legally Recognized Company With Expert Support Starting a business in India is an exciting journey filled with opportunities, innovations, and possibilities of growth. The process of converting a business idea into a legally registered...
The Global Shift Toward Accounting Outsourcing in India In today's competitive business environment, companies in the United States and the United Kingdom are continually looking for new ways to not only cut down on expenses but also get financial accuracy and cut...
Imagine launching a business in a country where over 1.4 billion people represent one of the world's fastest-growing consumer markets. A place where digital innovation is accelerating, government policies actively support entrepreneurship, startup funding continues to...
Starting a business is an exciting milestone, but choosing the right legal structure is one of the most important decisions you'll make. A Private limited Company is one of the popular company types among the different company options available in India, for...
Filing an Income Tax Return, commonly known as an ITR, is an important financial responsibility for taxpayers in India. An ITR contains details of your annual income, eligible deductions, taxes paid, tax liability and refund claim, if applicable. With the Income Tax...
Dematerialization of Shares of Private Limited Companies in India: Applicability, Process & Compliance Guide The Government of India has taken significant steps towards digitizing the corporate ecosystem and improving transparency in shareholding structures. One...
Error: Contact form not found.
