Strategic Considerations for Subsidiary Setup

TDS on various incomes of Non-Resident Individual

TDS on various incomes of Non-Resident Individual

In India, for the purpose of income tax, there is “Pay as you earn scheme”. As per such scheme, every person is required to pay tax through TDS/ TCS and advance tax, during the year only, in which the income has been earned. The rates of TDS are pre-determined and...

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Foreign Tax Credit: A Bird’s Eye

Foreign Tax Credit: A Bird’s Eye

Can you imagine a situation, when even before receiving your hard earned money in your bank account, government demands tax on such income twice the amount for which you are actually liable? Yes, such a situation can happen when you are having your income from outside...

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Healthcare Taxation under GST

Healthcare Taxation under GST

Goods and service tax is a major factor which has a potential to cover the economic base of the country along with its sidelines also India is not just one of the biggest performing nations for generics however, additionally encountering a blast in remedial...

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Why CA Day Celebrated?

July 1st of every year will be the CA day. The 74th Anniversary of its foundation will be celebrated by the Institute of Chartered Accountants of India (ICAI) on July 1st as it is 2022. To date, in a massive country like India, a country with at least a billion...

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Section 194H – TDS on Brokerage or Commission

Section 194H contains guidelines about tax deductions on the amount paid as brokerage or commission. Entities making a payment as commission or brokerage to a resident have to make a tax deduction at a 5% rate. This amount has to exceed Rs. 15,000 in one...

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