To provide greater convenience to Goods & Services Tax (GST) taxpayers, two new payment methods have been introduced for online GST e-payment, alongside net-banking. These new methods include Credit or Debit Cards and Unified Payments Interface (UPI). The Credit...
General order for extension of time to hold AGM for FY 2019-20
Trading in Cryptocurrencies from a Company perspective – Direct Tax implications
There are much more hypes and talks about cryptocurrencies which is also called as the virtual digital currencies. Some countries are favouring it, calling it a revolution in global economy and the other (like India) are not finding it appropriate.Nevertheless,...
Navigating Tax Implications in Collaborative Property Sales to Dealers in India
Introduction:The collaborative approach to property sales in India, where sellers join forces with dealers, offers a unique set of advantages in terms of market reach and efficiency. However, both sellers and dealers must understand the tax implications associated...
Benefits for Incorporated subsidiary companies
IntroductionIn the ever-evolving landscape of business, setting up a subsidiary under your current company, also known as a parent company, can be a strategic move. This article explores the advantages of incorporating subsidiary companies and why it might be a...
Most Common Concerns of NRIs Regarding Income Tax
For taxpayers, grappling with income tax is a significant challenge. The complexity intensifies for non-resident Indians (NRIs) due to special regulations and a dynamic regulatory landscape. This article delves into the intricacies of income tax faced by NRIs,...
Step by Step Guide to Forming a Foreign Company in India
India, the world's fifth-largest economy and a hub for innovation and entrepreneurship, presents vast opportunities for those seeking to establish a company. With its dynamic economy, diverse consumer base, and investor-friendly policies, India has become an...
Taxation issues for Non-Resident Indians (NRI)
Living far away from home doesn't lessen the connection for Non-Resident Indians (NRIs). It's a mix of pride and responsibility. But besides the emotional ties, NRIs deal with tricky financial and legal duties, with taxation being a major player. Sorting through...
Voluntary Winding up of Company| Companies Act, 2013 & Insolvency and Bankruptcy Code, 2016
Voluntary winding up occurs when a company is no longer profitable or its owners decide to cease its operations. However, winding up a company is not a simple matter of abandonment; it involves detailed legal procedures to ensure the company is closed legally and that...
GSTR 9 Due Date Annual Return For FY 2022-23
What is GSTR-9 Annual Return? GSTR-9 is an annual return under the GST regime that consolidates all the monthly/quarterly returns filed during a financial year. It is a comprehensive document that provides a summary of the taxpayer's outward and inward supplies, tax...