Dear Friends , as we are aware that any profits arising from transfer of a Capital Assets effected in the previous year, shall be chargeable to income tax under the head ‘Capital Gain,’ and shall be deemed to be the income of the previous year in which the transfer took place unless such capital gain […]
The Companies (Amendment) Bill, 2020 was Introduced in Lok Sabha On 17th March 2020 and it was passed by Lok Sabha on 19th September 2020. Bill gets passed by Rajya Sabha on 22nd September 2020 and Assented by Honourable President on 28th September 2020 and bill gets notified as Companies Amendment Act, 2020. Article Compares […]
Chandani Nawalkha There are close to 32 items of income/payments on which tax is deductible at source (TDS) and 11 items on which tax has to be Tax collected at source (TCS). However this position has now been changed after introduction of new sub section (1H) in Section 206C of the Income Tax Act vide […]
In this article, an attempt is made as to how to comply with provisions related to TCS of section 206C1G(a) of Income Tax Act 1961 in respect of remittance under LRS.
The doctrine of mutuality is a doctrine derived from the theory that a person cannot make a profit from himself. This doctrine is generally applicable in the case wherein a group of people form an association and pool in their surplus income in the common fund of the association. The fund that is collected in this pool is used in furtherance of the benefit of the members, depending on the nature of the association.
Unarguably, having your own brand and developing it is one of the best things you could do to have a prosperous business and thus protecting the brand is also pertinent which could be done through registering your brand as a trademark with the appropriate authority. Registering a trademark is easier said than done as it’s […]
