Taxation

As per Section 9 of the Income Tax Act, 1961, certain incomes are considered to have been earned in India even if they accrue or arise outside India. India...

Taxation of a charitable trust is governed under Sections 11, 12, 13 of the Income Tax Act, 1961. Section 11 and 12 contain the provisions of conditions to...

In the present times of globalisation, there are the least restrictions imposed on businesses due to which they are spreading around the world with huge in...

Income Tax Return (ITR) is a statement that is filed every year by a taxpayer disclosing information about his/her income and applicable tax liability. ITR...

Advance Tax is applicable on every self-employed businessperson, professionals, freelancers, whose income falls within the jurisdiction of Income Tax Act,...

CBDT (The Central Board of Direct Taxes) has decided to extend the ITR Filing deadline and tax audit reports by one month. The last date has been extended...

Tax Planning is the process of reducing tax liability on taxpayers by making the maximum use of deductions, allowances, exemptions & relief provided un...

Section 194-H of the Income Tax Act, 1961 deals with the deduction of TDS from commission or brokerage income. As per Section 194-H, the TDS has to be dedu...

India’s Electric Vehicles Industry is likely to receive a lot of support with the slashing of the Corporate Tax Rate on new manufacturing companies. ...

In a recent announcement, the Finance Minister of India, Nirmala Sitharaman[1] slashed corporate tax rates. The government reduced the corporate tax rate t...

Income Tax Act, 1961 contains various provisions relating to penalties, fines & interest besides taxation of a taxpayer. Thus, for penalizing the defau...

Introduction In the present era of globalization, there are minimal restrictions on the boundaries for business and their transactions.  Businesses ar...