Setting Up A Business With 100% Export Oriented Units (EOUs) along with FDI Foreign investors must first assess their entry route into India, which is determined by their area of… Read More
Important Points for Taxation of Share Transaction & Disclosing F&O Income The income from these transactions should be reported under the head "Income from Business or Profession" in the Income… Read More
Overview on International Financial Services Centre in GIFT City An International Financial Services Centre (IFSC) is a jurisdiction that caters to customers outside the domestic economy, dealing with the flow… Read More
Why you should file ITR even if your income is less than INR 2.5 Lakhs ? While it may not be mandatory to file an ITR if your net taxable… Read More
Form No. 67 filling for availing Foreign Tax Credit is a directory nature & not Compulsory. In Matter of Ms. Brinda Ramakrishna v. Income tax Office [2022], it was determined… Read More
Guidance on ITR Reporting of Foreign Equity/Debt Investments When filing your Income Tax return in India, it is essential to declare foreign stocks and other foreign assets annually, regardless of… Read More
Choosing Between the New Tax Regime & Existing Old Regime In case Salaried Taxpayers, They Choose the old regime at the beginning of the FY and inform the employer; can… Read More
All About Documentation for Tax Audit U/S 44AB The main objective of the tax audit is to compute the taxable income according to the law and to maintain transparency in… Read More
Exploring Corporate Bonds in India - A Comprehensive Guide Corporate bonds in India represent a compelling investment option, offering a blend of potential rewards and manageable risks. Issued by both… Read More
Central Board of Direct Taxes Mandates E-Filing of Appendix-II Forms under Income Tax Rules, 1962 The Central Board of Direct Taxes has issued a new notification mandating the electronic submission… Read More