Direct Tax Updates: CBDT circular "brings in more safeguard by requiring assessing officers to procure his or her supervisor's consent before starting on any inquiry under the angel tax provision… Read More
Direct Tax Updates: Document Identification Number (DIN) Must For Any Communication By Income Tax Authority To Assesses- In order to prevent such instances and to maintain proper audit trail of… Read More
What Is Start-up Funding Companies Compliance in India BRIEF INTRODUCTION Startup Funding Companies Compliance in India basically refers to abiding by the principles. In today’s world of business, compliance has… Read More
INPUT TAX CREDIT(ITC) ON GOODS AND SERVICES TAX BRIEF INTRODUCTION Input Tax Credit refers to the amount of tax, which a taxpayer pays on the inputs purchased, for providing outward… Read More
Simplification of process of formation of Section 8 Companies: With a view to simplify the process for incorporating Section 8 Companies, requirement of prior filing of INC-12 for new section-8… Read More
Direct Tax Updates: CBDT had exempted registered startups from the purview of the angel tax provision except for those that have already received tax demand notices with the intent of… Read More
Direct Tax Updates: Reference is invited to the Circular No. 3 of 2018 dated 11.07.2018 (the Circular) of Central Board of Direct Taxes (the Board) and its amendment dated 20th… Read More
Direct Tax Updates: The Income tax (I-T) department has relaxed its assessment and scrutiny norms for start-ups. In a circular it directed its officers not to raise additional tax demands… Read More
Tax Updates: India’s version of Google tax, or the equalisation levy, may now be applicable in Jammu & Kashmir. With Parliament passing a Bill to revoke Article 370, digital commerce… Read More
Goods and Services Tax is a new indirect tax system with new principal for example ‘place of supply’ & GST tax structures. Goods and Services Tax is apply in state… Read More