Revised TDS rate Chart for FY 2020-21

Revised TDS Rate Chart for FY 2020-21: Effective from 14th May 2020

Finance Minister Nirmala Sitharaman has announced a slew of direct tax measures as part of the Covid-19 relief package on 13th...
Income Tax slab for AY 2020-21

Income Tax slab for AY 2020-21/ FY 2019-20

In this article we have analysed Income Tax slab for AY 2020-21/ FY 2019-20 in details: Table Of...
TDS on Foreign Remittance

TDS on Foreign Remittance- Detailed Analysis

Objective of section 195: AAR in case of XYZ, In RE: P.No.18 of 1995(1999) 238 ITR 575: “ The objective is to ensure, as best as...
Form 15CA & Form 15CB for Payments to NRIs

Form 15CA & Form 15CB for Payments to NRIs

While making payments to NRI’s outside India, One such compliance is to submit "Form 15CA & Form 15CB for Payments to NRIs" , when...

GST and GAAR Reporting in Income Tax audit report deferred till Mar 2021

In view of the coronavirus outbreak and the consequent lockdown, the Income Tax Department has deferred for the third times GST and GAAR Reporting...
Liaison Office of UAE Exchange in India are not Permanent Establishment under DTAA

Liaison Office of UAE Exchange in India are not “Permanent Establishment” under DTAA &...

Supreme Court, In a significant ruling granted relief to UAE Exchange by holding that no income tax can be levied on its liaison offices...
Indian Income Tax for Non Resident Setting Up Business in India

Provisions of Indian Income Tax for Non Resident Setting Up Business in India and...

Like most other countries taxability of an individual in India depends upon his residential status in India. This article is important for Non Resident in...
Partial Roll Back of Tax Residency Rules For Individuals

Partial Roll Back of Tax Residency Rules For Individuals

Like most other countries, India also considers the number of days spent by the individual in India to determine the tax residency status of...
Are you really saving your taxes? Know your Tax slabs & review your investment plans!

Are you really saving your taxes? Know your Tax slabs & review your investment...

  It’s that time of the year again, when our investments come again to the forefront. The investment receipts are all out, our inbox is...
gst composition scheme

Date Extended For Opting for Composition Scheme for FY 2020-21- [Read Notification]

Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme for FY 2020-21 by normal taxpayers....
Works Contract under GST in India

Works Contract under GST in India

There are lots of Queries regarding the transactions which are covered under Works Contract & which are not. In this Article we look on...
Redemption of MF units not to attract stamp duty but switching in MF will: Sebi

Redemption of MF units not to attract stamp duty but switching in MF will:...

Capital markets regulator Sebi on Wednesday said stamp duty is not applicable on redemption of mutual fund units but switching in mutual fund would...
DGFT has removed restriction on the export of formulations made from Paracetamol(including FDCs)

Cabinet approves scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

Cabinet approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to boost exports Scheme for enhancing Exports to International Markets ...