Amendment of section 194LD of the Act to extend the period of concessional rate of withholding tax and also to extend this concessional rate to municipal debt securities. Section 194LD of the Act provides for lower TDS of five per cent in case of interest payments to Foreign Institutional Investors (FII) and Qualified Foreign Investors […]
Amendment of section 194LC of the Act to extend the period of concessional rate of withholding tax and also to provide for the concessional rate to bonds listed in stock exchanges in IFSC. Section 194LC of the Act, provided for a concessional rate of Tax Deductible at Source (TDS) at five per cent by a […]
Application to the Registrar for striking off name of LLP Prior Condition for Striking off name of LLP 1. LLP has been incorporated for more than One year and does not carry any business since one year or more. 2. It must Complied with Annual Compliances for the Period up to its Operation. (LLP-8 and […]
Direct Tax I. Changes in Income Tax Rate Slab for Individual Finance Minister Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions. The new tax regime will be optional and the […]
Before I start with few critical areas of the budget to be analyzed and projection about the same all I can say about the budget being economist and business strategist that government is laying down the path for the new decade through its allocation in the budget. There are many hidden lines which one need […]
