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Income Tax

Non-Agricultural and Agricultural Income: Will both be...

Non-Agricultural and Agricultural Income

India is an agricultural rich economy. There are many perks and incentives provided to those who make a living through it. In India, the income from agricu...

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GST

GST on lawyers and law firms

GST on lawyers

The general goods and services tax is the new indirect taxation system which is levied on all the goods and services India. There is a general consensus th...

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Resident director in Hong Kong

Is a Resident Director required for a company in Hong K...

Resident Director

All companies require having minimum amount of directors. This would be in compliance with the requirements of the respective local laws. Hong Kong is one...

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RBI Notification

Co-lending model between banks and NBFCs- Key Features...

Co-lending Model

The Reserve Bank of India (RBI) brought out a notification on the co-lending model which has to be incorporated between banks and NBFCs. This notification...

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GST

Impact of GST on Tour and Travel Industry

Impact of GST

The Indian tour and travel industry which is valued at around 22 billion dollars in the year 2019; the tour and travel industry is one of those sectors whi...

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Company Conversion

Conversion of a company into LLP – Tax implicatio...

Company into LLP

In India, LLP is the most emerging way of doing business. In this mode of business, the liability of the partners is limited. Every partner in the LLP is a...

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GST MSME

The Implication of GST under MSMEs

GST under MSME

According to the Micro, Small and Medium Enterprise Development (MSMED) Act, 2006, the micro, small and medium enterprise is defined in accordance with ann...

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Income Tax

Liable for Prosecution- Income Tax offences

Income tax offence

The penalties are incurred due to the default of the taxpayer. There are many activities that can further attract the prosecution under the Income Tax act....

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