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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...

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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...

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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(...

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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...

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GSTR-1

GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward su...

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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...

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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...

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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...

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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...

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