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Tax Slabs – Budget 2024
The Union Budget for FY 2024-25 has made changes to Income Tax Slabs and Capital Gains. The slabs under the new regime Income Tax are as follows: Revised tax slabs Revised tax % Up to […]
What is GSTR-1A?
GSTR-1A is a form used under the Goods and Service Tax system to help taxpayers amend or add records to their GSTR-1 filings. If a taxpayer needs to correct or add information to their GSTR-1 […]
Tax Collection at Source on Overseas Packages Agencies
With the recent amendment to the Finance Act 2023 overseas tour package will attract 20% Tax Collection at Source (TCS). Before this amendment the rate was 5% which has now been increased. This has been […]
Budget 2023 Synopsis
On 1st February 2023, the Finance Minister, Nirmala Sitharaman, outlined the budget for the upcoming fiscal year. The new budget serves as the blueprint for an inclusive and empowered economy. Key highlights of the budget […]
Incorporation of WOS through SPICe Forms
The article enumerates the changes in the Provisions of Companies Act, 2013 as on date in respect of incorporation of a “Subsidiary of a Company Incorporated Outside India or Wholly Owned Subsidiary (WOS) of a […]
Gifts and Taxation in India
World over, we express our love and affection through gifts. Brothers to sisters and Parents gift their children on various occasion, especially during marriage. Grandchildren too receive gifts from grandparents. The question that arises is […]
Non Resident Investment (NRI) in a Private Limited Company in India
The Foreign Exchange Management Act, 1999 (FEMA) classifies Non-resident Indians into two categories which are as below: A person who holds an Indian passport but is not a resident of India. A Person who holds […]
Important links – Indian Markets – Economy – Regulatory Authorities
Below given are few links which maybe useful Indian Economy and Financial Markets Indian Budget: http://www.indiabudget.gov.in/ Indian Economy: http://www.economywatch.com/ Statistics India: http://www.indiastat.com/ Centre for monitoring Indian Economy: www.cmie.com National Stock Exchange: www.nseindia.com Mumbai Stock Exchange: […]