Articles by Manish Gupta
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Understanding Forex Transactions with Associated Risks
Forex Transactions indicate the sale and purchase of foreign currencies. It is an agreement of exchanging currency of one country for the currency of the other at an agreed exchange rate on a pre-determined date.
Major Amendment in Registration Procedure u/s 12A & 80G
Section 12A of the Income Tax Act, 1961 is the stepping stone for every charitable organization. It enables non-profit entities such as Charitable Trusts, Non-Profit Organization, Welfare Societies, Religious Institutions, etc. to claim full tax exemption as per Section 11 and 12 of the Income Tax Act, 1961.
Directors and their Compliances under Companies Act, 2013
Provisions, compliances and regulations that a company or a director must comply with while dealing in matters related to a directorship in a company with a number of landmark judgements for more understanding.
Decoding E-Commerce Operators from GST perspective
As per Section 2(45) of CGST Act, 2017, electronic commerce operator means any person who owns, operates or manages digital or electronic facility or platform for electronic commerce.
Higher TDS for Income Tax Return Defaulters w.e.f. 1st July 2021 - Decoding section 206AB
The IT Department has introduced a new section 206AB effective from 01.07.2021 that ensures a higher deduction of TDS for the payees who have defaulted in filing their ITR for the preceding 2 years.
Decoding virtual meetings under Companies Act 2013
Virtual meetings allow people to meet and exchange information in real-time. The Companies Act, 2013 allows companies to hold board and general meetings through e-mode, with some restrictions.
TDS on Immovable Property & Relevance of Lower Deduction Certificate For NRIs
Whenever a property is purchased, the buyer is liable to deduct tax from the sale consideration and pay the balance to the seller. The tax amount to be deducted depends on the residential status of the seller.
GST on Ocean Freight in Relation to Import of Goods
The two most popular means of transportation of goods from one country to another are through sea routes and air routes. Let us understand the applicability of GST on Ocean Freight expense incurred during import of goods.
Managing the Taxable Income of Corporates
Direct Tax levied on the income of a corporate is a considerable amount of money that has to be paid to the government every year. In this article, we will discuss the tax-saving provisions available for corporates.
Tax Implications on Forex Transactions: TCS on Remittances Outside India
Forex Transactions refer to transferring funds from one country to another. Let us understand the tax implications, mechanism for paying the tax and Liberalized Remittance Scheme in this regard.
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