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Understanding the Taxability of ESOP Gains

Posted by Taxblock 13 September 2021 1583 Views

ESOPs can be issued to permanent employees of parent or subsidiary company working in India or outside India and directors of the company including whole time or part time director but not including independent director.

Trust under Indian trust Act, 1882

Posted by Taxblock 13 September 2021 2948 Views

A trust is a relationship in which a person or entity is bound by a fiduciary relationship to exercise that legal rights over the trust property for the benefits of any one or more individuals known as beneficiaries.

TDS and TCS on Purchase of Goods Under Income Tax

Posted by Taxblock 13 September 2021 8744 Views

The tax deducted under section 194Q shall be applicable on businesses whose gross receipts, turnover, or total sales exceed 10 crores in the Assessment Year 2020-21.

What is Foreign Account Tax Compliance Act and CRS

Posted by Taxblock 13 September 2021 1264 Views

The foreign account compliance tax account is the tax mechanism that compels U.S. citizens at home or abroad to disclose all their foreign account holdings while filing their annual reports.