Articles by Manish Gupta

Directors and their Compliances under Companies Act, 2013

Posted by Manish Gupta 03 August 2021 1847 Views

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

Posted by Manish Gupta 23 July 2021 3510 Views

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

Posted by Manish Gupta 07 July 2021 10828 Views

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

Posted by Manish Gupta 03 July 2021 1422 Views

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.

GST on Ocean Freight in Relation to Import of Goods

Posted by Manish Gupta 24 June 2021 14315 Views

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.

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

Posted by Manish Gupta 23 June 2021 7527 Views

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.

Managing the Taxable Income of Corporates

Posted by Manish Gupta 14 June 2021 1819 Views

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.

Understanding Forex Transactions with Associated Risks

Posted by Manish Gupta 09 June 2021 2578 Views

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.

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

Posted by Manish Gupta 05 June 2021 14440 Views

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.

Tax Implications on Forex Transactions: TCS on Remittances Outside India

Posted by Manish Gupta 03 June 2021 3156 Views

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.