Discover how recent Indian government notifications now include transactions by Chartered Accountants (CA), Company Secretaries (CS), and Cost Accountants (CMA) under the Prevention of Money Laundering Act, 2002. Learn about the expanded scope, definitions, and implications for professionals in combating financial crimes.
Fugitive Economic Offenders Act, 2018 (FEOA) was introduced by the Indian Parliament in April 2018 with the intention of punishing economic offenders for an array of offences involving fraud and corruption.
India’s Income Tax Act of 1961 governs the taxation of income in India. Income tax is levied on income earned by various kinds of entities ranging from individuals to companies.
Discover the limitations of Indias Centralized Processing System (CPC) for taxpayers. Explore solutions to enhance communication and efficiency in tax processing.
Discover how to identify fraud risk factors in mid-cap private limited companies and learn strategies to mitigate potential risks. Expert insights provided.
Detect unethical financial practices in Indian businesses with our comprehensive guide. Learn to recognize red flags and implement strategies for prevention.
Learn about the Income Tax Grievance Redressal Mechanism under Section 276B of the Income Tax Act 1961, including its provisions, penalties, and implications for taxpayers in India.
Russia-Ukraine war has been an ongoing conflict since 2014, with no clear end in sight. The conflict has been characterized by armed skirmishes between two countries, creating an increasingly unstable and worrisome situation in the region.
The aim of this article is to provide an insight into how NRIs can save taxes on their Indian income. Further, the article will discuss the tax reliefs that are available to NRIs under the Income Tax Act, 1961 and other fiscal laws in India.
Section 9 of Income Tax Act, 1961, relates to the income deemed to accrue or arise in India. Income is considered as ‘accruing or arising in India’ if it is earned in India or if it is received in India or if it is received/accruing or arising in any other manner in India.
