As an NRI, your tax obligations can vary based on your residency status and the nature of your income. Let's explore the taxation scenarios for NRIs: a. The resident person on a foreign temporary assignment When an Indian resident is sent on a temporary assignment...
Tax Advantages
Late Fees under Goods and Services Tax Law for GSTR-9
Late fees under the Goods and Services Tax (GST) law for filing GSTR-9 play a crucial role in ensuring timely compliance with tax regulations. GSTR-9, also known as the annual return, is a comprehensive document that consolidates the details of outward and inward...
Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)
Foreign Direct Investment (FDI) plays a crucial role in the economic growth and development of any country. In recent years, there has been a growing trend towards investment in Limited Liability Partnerships (LLPs) due to their flexible structure and limited...
A Guide to One Person Company in India
India's business landscape has seen significant transformations over the years, with the emergence of innovative business structures to cater to various entrepreneurial needs. One such structure that has gained popularity is the One Person Company (OPC). In this...
Understanding Section 184 of the Companies Act, 2013
Introduction The Companies Act, 2013, is a comprehensive legislation governing corporate entities in India. Among its various provisions, Section 184 holds significance as it pertains to the disclosure of interests by directors. Understanding this section is crucial...
GST Advisory on Payment via Credit Card or Debit Card & UPI effective from 19/01/2024
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...
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...