Doing Business Across Borders? Here’s Why Form 10F Should Be on Your Radar

Form 10F enables non-residents to avoid double taxation and claim treaty benefits when earning income from India. Here's what you need to know.

Corporate Tax Returns Demystified: Key Information for Businesses

Corporate Tax Return (CTR) in India has undergone a huge transformation from the initial post-independence tax structure to the recently developed digitalized accounting system and ...

Investment Due Diligence Trends in 2024: What You Need to Know

Investment due diligence has always been the basis of sound financial decision-making. It works as a safeguarding shield for investors, giving them a thorough understanding of the ...

Power under Section 50 of PMLA to issue summons cannot be restrained on apprehension that it could l

Power under Section 50 of PMLA to issue summons cannot be restrained on apprehension that it could lead to arrest by invocation of powers under Section 19: Delhi High Court holds while denying quashing of ECIR.

Hon'ble High Court clarifies on the limitation period for TDS proceedings involving Non-resident pay

Hon'ble High Court clarifies on the limitation period for TDS proceedings involving Non-resident payees

Non-residents can file form 10F without Indian PAN now

Non-residents can file form 10F without Indian PAN now

CIT(A) upheld principle of Real Income Theory

CIT(A) upheld principle of Real Income Theory
 

Lower Tax Deduction Certificate (LDC) Online

As per the provisions of the Income-tax Act, 1961 (the Act) certain persons who are responsible for paying certain sums viz. dividends, rentals, payment for professional services, etc. to a resident or a non-resident taxpayer are required to ...

What is Annual Information Statement (AIS) Income tax?

Annual Information Statement (AIS) is a comprehensive view of the information for the taxpayer displayed in Form 26AS. It is a tool that informs the taxpayer’s about the information that Income-tax department has about them. 

What is Capital Gains Tax in India?

Any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. This gain comes under the category ‘income’, and hence you will need to pay tax on that amount in the year in which the transfer of the capital asset takes place. ...

Analysis of proposed amendments vide the Finance Bill, 2020 under Customs

The Finance Bill, 2020 was introduced on 1st February, 2020. A number of amendments were proposed in The Costumes Act, 1962. A summary of these amendments and the impact thereof has been discussed herein.

E-assessment Scheme

Procedure for identification and processing of cases for prosecution under Direct Tax Laws

CBDT has come up with certain initiatives to make the regime more tax friendly and to ensure that the rigorous measures should be used in certain limited cases. One such measure is extension of compounding procedures and other is restriction on initiating prosecution ...