Income Tax Articles
Taxability of foreign companies in India
In India, companies are taxed on their income according to their residential status. A company with residential status in India will be taxed on its global income whether earned in India or outside India whereas a non resident company will be taxed only on income received, accrued or arise in India.
Process of filing for Advance Pricing Agreements
There are no monetary or other conditions prescribed under the Indian APA rules for a taxpayer to be eligible for applying for an APA.
Tax implications of share trading in India
Here are tax implications of share transactions based on various provisions of Direct Tax Laws.
Digital transformation of Indian tax administration
Digital Transformation of Indian Tax Administration: CBDT's 'Faceless e-Assessments' & CBIC's 'e-Invoicing'
Step by step procedure of filing TDS Return | TRACES portal
TRACES - Sometimes navigating and uploading a TDS return on the TRACES portal can be difficult for some of the taxpayers. Complying with the data procedure too has been
Why You Should File Income Tax Returns
Filing tax returns is an annual activity seen as a moral and social duty of every responsible citizen of the country. It is the basis for the government to determine the amount and means of expenditure of the citizens and provides a platform for the assessee to claim refund, among other forms of relief from time to time.
Effective Income Tax Amendments Impact on Your Life
Since initiation, a lot of amendments are included in income tax laws to make rigid the architecture of our tax regime.
194M & N : Cash flow problem for the event Management companies
The maiden budget for the year 2019 was presented in the parliament by the new finance minister Nirmala Sitaraman on 05-07-2019 and the same has been settled now. So whatever changes are there the same need to follow for the entire year and later on until there is a change.
New Income Tax Regime - Structural Shift in Taxation under Income Tax Act
Income Tax Regime - FM Nirmala Sitaraman in her budget has introduced a new taxation regime under personal taxation. Instead of giving relief to all the Individual & HUF by increasing the tax slabs directly
Taxation of hypothetical Income
In simple words Income tax is levied on income which has been received or has accrued. Income is said to be accrued when it becomes due, but it must also be accompanied by corresponding liability of the other party to pay the amount. Only then an income will be said to have accrued and is not a hypothetical income.
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