Capital Gains Tax
The Capital Gains Tax was introduced in the Indian Tax Regime in 1997 and since then it has gone through several changes over the period of time. The understanding of this tax is relevant for a common...
Read More
Reduced Corporate Tax Rate for Domestic Companies
The Government of India has introduced the Taxation (Amendment) Ordinance 2019 on the 20th of September 2019. Several amendments are made to the Income Tax Act,1961 through this ordinance. Changes suc...
Read More
GST on E-Commerce
E-commerce i.e Electronic commerce which simply means the supply of goods and services through electronic mode over the internet moreover, in legal term Electronic Commerce has been defined in Sec. 2(...
Read More
Double Taxation Avoidance Agreement
The double taxation avoidance agreement is an agreement which aids the taxpayer to get relief from double taxation on the same income. If India has signed any double taxation agreement with any foreig...
Read More
Tax Exemptions for Startups
To give impetus to entrepreneurship and increase participation in the development of the country, the STARTUP INDIA campaign was launched in India in 2016. This campaign has enabled many budding entre...
Read More
GSTR-4 Composite Scheme
The Finance Ministry has permitted the composition scheme taxpayers to file a self-assessed tax return in a one-page statement – Form GST CMP 08 of the Central Goods and Service Tax Rules, 2017. Thi...
Read More
TDS Defaults: Interest, Penalty, Prosecution & Other Consequences
TDS compliance is one of the important compliances in the current scenario. Many of the taxpayers are not as compliant and hence they need to face its adverse consequences, penalty or prosecution as p...
Read More
Refund under GST
The word refund, in simple terms, means an amount of money that is given back to a person upon the happening or occurring of some event. In taxation, refund refers to any amount that is due to the tax...
Read More