Understanding/ Background:A Corporate Guarantee is a legal promise or commitment made by one person (the guarantor) to assume responsibility for the debts, obligations, or liabilities of another (the ........ View More
Transfer pricing refers to the pricing method used when goods or services are exchanged between associated enterprises. The purpose of transfer pricing laws is to ensure that such transactions are con ........ View More
Starting a business in India is a thrilling experience, but it also entails navigating essential formalities such as GST registration and Private Limited Company registration. These are required for e ........ View More
Tax planning is a crucial factor in any firm’s financial management. Whether you run a small or medium-sized business, effective tax planning may help you manage your responsibilities, utilize your re ........ View More
Filing Income Tax Returns (ITR) is a legal responsibility of every individual or business earning above a certain threshold in India. While the process may appear frightening to novices, online tax fi ........ View More
The Goods and Services Tax is one of the revolutionary innovations that has significantly impacted India’s tax landscape since its launch. GST has simplified the procedure by combining multiple indire ........ View More
The Finance Act, of 2024 has brought a significant change in the taxation of payments made by partnership firms to their partners by introducing Section 194T. This provision ensures that payments like ........ View More
Tax Deduction at Source (TDS)For quick and efficient tax collection, the Income Tax Act has incorporated a tax deduction system at the point of income generation. This system is termed “Tax Deducted a ........ View More
Starting a business in India may be thrilling and challenging. One of the first and most crucial steps is company registration. It establishes the legal framework for your business operations and ensu ........ View More
The Goods and Services Tax (GST) is a substantial tax reform implemented in India to establish a unified tax structure. It replaced various indirect taxes, making the taxation procedure simple and tra ........ View More
When purchasing a property worth more than Rs 50 lakh in India, buyers have to follow certain tax procedures. These also include Tax Deducted at Source (TDS) under Section 194IA of the Income Tax Act ........ View More
With the increasing popularity of influencer marketing in India many social media influencers are constantly sent gifts, freebies, and promotional materials by companies. These are frequently given in ........ View More
Tax Deducted at Source, or TDS is an important component of the Indian taxation system that service providers need to understand. This approach ensures that taxes are deducted at the point of payment, ........ View More
In India, when it comes to financial documents, two terms are often misunderstood or confused: Income Certificate and Income Tax Clearance Certificate. Though both serve as verification of an individu ........ View More
GST Registration – OverviewWith the growing landscape of the Goods and Service Tax Act, 2017 over the period of more than 7 years, GST registration has always been the topic in talks among professiona ........ View More
The world is more interconnected than ever before, and the forces of globalization continue to influence many facets of our lives, especially business. Globalization has opened up numerous opportuniti ........ View More
International taxation is of great importance to the global economy, especially as cross-border activities by organizations, investors, and individuals are increasing. It can be challenging to coordin ........ View More
When dealing with exports, understanding the process of GST refund becomes crucial, especially for businesses providing export services. The GST law provides provisions for claiming refunds on zero-ra ........ View More
Starting a company is an exciting journey full of optimism for success, especially in a thriving market like India. With its numerous options, India has emerged as a leading location for entrepreneurs ........ View More
Navigating the International Taxation landscape can be difficult for businesses that operate across borders. Firms need to stay updated on tax obligations, tax treaties, and compliance standards so th ........ View More
The Income Tax Act imposes TDS on professional and technical services under Section 194J. Companies (except individuals and Hindu undivided families) are required to deduct tax when making payments fo ........ View More
Untitled Document NotificationSummaryEffective date05/2024-Central Tax (Rate) dated 8th October 2024• Changes in GST rates have been notified by CBIC in respect of cancer drugs, snacks ........ View More
Tax Deducted at Source (TDS) is a critical aspect of India’s taxation system that ensures a steady flow of revenue to the government. However applying TDS is often confusing, especially for businesses ........ View More
Starting a business in India is an exciting endeavor, and company registration is essential to success. Whether you are a first-time entrepreneur or an experienced business owner, establishing your co ........ View More
Verifying company registration is extremely important to maintain legal compliance and establish trust between customers and business partners. Registering a business provides legality, liability prot ........ View More
With the growing landscape of the Goods and Service tax act, 2017 over the period of more than 7 years, the GST registration has always been the topic in talks among the professionals. The council fro ........ View More
Registering a company in India’s fast-paced business environment goes beyond just meeting legal regulations. It is one of the most fundamental strategic decisions that give your company legitimacy, le ........ View More
The Indian government has created possibilities for Non-Resident Indians (NRIs) and foreign nationals to invest in India, to increase Foreign Direct Investment (FDI), a critical driver of economic gro ........ View More
The Central Board of Indirect Taxes and Customs (CBIC) has recently issued Guidelines for the Second Special All-India Drive against fake GST Registrations as per Instruction No. 02/2024 dated 12th Au ........ View More
Tax Deducted at Source (TDS) is a procedure implemented by the Indian government to collect taxes at the source of income. A certain percentage of tax is deducted by the payer at the time of making pa ........ View More
The implementation of the GST Act has marked a great shift in India’s Indirect tax regime. However, to ensure smooth compliance procedures and GST regulations with minimal manual intervention, the GST ........ View More
The Subsidiary of a Foreign Company in India is either wholly or partially owned by another Foreign company. Its name is either similar to a holding company or can be different. However, its legal ide ........ View More