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Articles by Manish Gupta

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Decoding E-Commerce Operators from GST perspective

  Manish Gupta    23 July 2021 at 09:12

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.

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Posted in GST |   879 Views


Higher TDS for Income Tax Return Defaulters w.e.f. 1st July 2021 - Decoding section 206AB

  Manish Gupta    07 July 2021 at 09:36

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.

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Posted in Income Tax  2 comments |   7512 Views


Decoding virtual meetings under Companies Act 2013

  Manish Gupta    03 July 2021 at 08:48

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.

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Posted in Corporate Law |   693 Views


GST on Ocean Freight in Relation to Import of Goods

  Manish Gupta    24 June 2021 at 09:33

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.

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Posted in GST |   10683 Views


TDS on Immovable Property & Relevance of Lower Deduction Certificate For NRIs

  Manish Gupta    23 June 2021 at 09:14

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.

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Posted in Income Tax |   5634 Views


Managing the Taxable Income of Corporates

  Manish Gupta    14 June 2021 at 09:22

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.

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Posted in Income Tax |   1206 Views


Understanding Forex Transactions with Associated Risks

  Manish Gupta    09 June 2021 at 09:32

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.

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Posted in Income Tax |   1071 Views


Key Changes in the Provisions of Income Tax Act, 1961 effective from 1st April 2021 and onwards

  Manish Gupta    05 June 2021 at 09:35

Numerous amendments have been made in the provisions of the Income Tax Act, 1961 with the enactment of Finance Act, 2021. Let's walk through some of those crucial changes.

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Posted in Income Tax  2 comments |   12807 Views


Tax Implications on Forex Transactions: TCS on Remittances Outside India

  Manish Gupta    03 June 2021 at 09:40

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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Posted in Income Tax |   1353 Views


Important Relaxations in Compliances by MCA amid COVID Pandemic

  Manish Gupta    01 June 2021 at 09:39

Discussing the relaxations and other updates given by MCA amid COVID-19, to help you understand them better and stay updated with all the recent reliefs provided.

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Posted in Corporate Law  1 comments |   2889 Views