Author - sterlingtax

International Tax Planning Strategies for Global Companies

International tax planning involves developing strategies to minimize a company’s global tax burden while ensuring compliance with the tax laws of various countries. It allows businesses to maximize after-tax income by strategically organizing their operations, investments, and transactions across multiple jurisdictions. In today’s globalized world, understanding the nuances of international taxation is essential for...

Top 10 Benefits of Hiring Professional Company Registration Services in Gurgaon

Starting a new business is an exciting experience, but it also comes with many complicated legal procedures. Ensuring that your company is officially registered is an important step in establishing your business under the law. Hiring professional company registration services in Gurgaon can offer numerous advantages if you want to register a company in...

Non-Resident

Taxation of Capital Gain on Transfer of Share of Indian Company by Non-Resident

Scope of Total Income: What is included in the total income of non-residents in India  Section 5(2) of the Income Tax Act,1961 (“the act) provides for the scope of income taxable in India for non-residents. This section provides that the Income of non-residents includes the below income, all income from whatever source derived which- is...

How Indian Bloggers Can File and Pay Income Tax Online

How Indian Bloggers Can File and Pay Income Tax Online

In India, blogging has become a full-time profession and source of income wherein one can share their knowledge, talents, and creativity to earn money. But the revenue generation potential comes with income tax, which is legally mandatory for all earners in India, including bloggers. Many bloggers find the process of paying income taxes onerous, frequently...

Applicability of TDS on various subscription fees paid outside India

Applicability of TDS on various subscription fees paid outside India

Introduction: As per section 195 of the Income Tax Act, Any person who makes any payment (other than salary or interest referred to in sections 194LB, 194LC, and 194LD) taxable in India to a non-resident must deduct TDS under this section.  The TDS rate will be deducted at the rate specified under the Income Tax Act,...

Startup India Registration Services in Gurgaon

Startup India Registration Services in Gurgaon

Startups are booming in India. The government also supports young entrepreneurs in establishing startups. Startups help to boost the country's economy. A startup is a business that offers innovative products or services that provide solutions to a problem existing in society. A startup may also redevelop a current product or service into something better....

Explore the Key Types of TDS Deductions

Explore the Key Types of TDS Deductions You Should Know

Tax Deducted at Source (TDS) is a key component of India's taxation system, intended to simplify tax collection and ensure compliance.  It makes tax collection more convenient while also ensuring that people do not evade paying taxes. This technique ensures that taxes are deducted at the source of income, whether it be wage, rent,...

Companies Legally Avoid Paying International Taxes Strategies and Practices

How Companies Legally Avoid Paying International Taxes: Strategies and Practices

In today's globalized world, multinational corporations (MNCs) operate across numerous nations, allowing them to use various ways to decrease their international tax bills. While such techniques may appear problematic, they are frequently fully legal and require understanding the intricate web of international tax regulations. This blog discusses the strategies that firms use to pay...

Latest Income Tax and TDS Updates from CBDT India

Latest Income Tax and TDS Updates from CBDT India

The Indian tax system is dynamic, always changing and adapting to the economic as well as governmental changes happening around it. The development and implementation of these changes require the Central Board of Direct Taxes, India's highest authority on direct taxation. Recently CBDT has made several changes in the Income Tax Act and TDS...

How to File ITC Claims Effectively A Detailed Guide

How to File ITC Claims Effectively: A Detailed Guide

It enables businesses to reduce their tax burden by claiming credit on taxes paid on inputs utilized in the production or sales of products and services through the mechanism of the input tax credit. This post offers comprehensive guidance to firms so that they can file for ITC claims appropriately as against legal requirements....