NPS – a retirement planning avenue
NPS is an attractive investment avenue for retirement planning by individuals and offers significant tax benefits…..
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Additional disclosure requirements in Financial Statements of Companies
The Ministry of Corporate Affairs, Government of India, issued notifications dated 24th March, 2021 to amend Schedule III to the Companies Act, 2013 to enhance the disclosures….
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The impact of COVID-19 on doubtful or delayed or unrealised rentals and their tax implications
COVID-19 has an impact on virtually every area of life for most people. Entirecountry has gone into lockdown, businesses have
COVID 19 Relief – Salient features of pre-approved loans for MSMEs
MSMEs some statistics – There are about 6.11 crores MSMEs units in India which employ roughly 11 crores people.
Topic tip #101 – Return filing season – what else to keep ready this year.
The Central Board of Direct Taxes heralds the tax return filing season for assessment year 2019-20 by notifying significant changes to various
Transfer of shares for inadequate consideration
Issue: Transfer of shares in a company between two existing shareholders at less than the Fair Market Value and applicability of section 56(2)(vii) of the Income Tax Act, 1961.
Tax on US Rental Income
The following note explains the tax implication for a taxpayer resident in India and deriving rental income from a US situated property
Important changes in GST effective April 1, 2021
The Goods and Services Tax came into effect from 1.7.2017 through implementation of the 101st amendment of the Constitution of India. The rules and regulations under this Act are under the domain of the GST Council which consists of the finance
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Double taxation of income arising from non-residents’ forced stay in India during financial year 2020-21 – CDBT’s guidelines.
The interplay between the residential status and taxability of income in India are defined by provisions of section 5 & section 6
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The impact of COVID-19 on transfer pricing landscape of Multi-National Enterprises [‘MNEs’]…
Disruption in supply chain – particularly manufacturing and distribution functions and likely to be mostimpacted MSMEs
Tax Laws (Amendment) Ordinance – Concessional corporate tax rates explained
The corporate tax reforms introduced by the Hon’ble Finance Minister vide The Taxation Laws (Amendment) Ordinance, 2019
CBC Reporting and Masterfile
In keeping with India’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”, identified under the
APA – presentation by Jeetan
With an increase in the volume of cross border trade, the volume and complexity of international transactions has also been increasing, giving rise to more and more transfer…