"Neeraj Bhagat & Co. is helping foreign companies in opening up of Liaison/ Branch Office in India and complying with various tax laws applicable to foreign companies while establishing a business in India. Neeraj Bhagat is the founder of Neeraj Bhagat & Co. Chartered Accountants, a Chartered Accountancy firm established in the year 1997 with its head office in New Delhi and can be reached at info@neerajbhagat.com. Their website address is https://neerajbhagat.com/"
Rule 46(8) of the Income-tax Rules, 2026 requires businesses maintaining electronic books to create daily backups on servers located in India. The provision strengthens data localisation, audit readiness, and financial record accessibility.
The reform replaces dividend-based taxation with capital gains to ensure only real income is taxed. It removes the distortion of taxing full buyback proceeds without cost deduction.
Section 74A replaces the earlier Sections 73 and 74, creating a unified framework for tax recovery in cases of short payment, erroneous refunds, and wrongful ITC. The provision simplifies GST enforcement with clear timelines, proportionate penalties, and incentives for voluntary compliance.
The budget focuses on fiscal discipline, predictable taxation, and long-term growth rather than headline tax cuts. It signals a shift toward structural maturity and economic resilience.
Explains how High Courts use writ jurisdiction to correct GST actions taken without jurisdiction, reasoning, or adherence to natural justice. Highlights key rulings where SCNs and orders were quashed for procedural violations.
A 2024 amendment to FEMA rules permits Indian companies to swap equity instruments for a foreign company’s equity capital, simplifying cross-border investments.
A guide to Section 8 Company incorporation in India, covering eligibility, process, features, benefits, and FCRA registration requirements for receiving foreign contributions.
Understand cryptocurrency taxation in India, including the 30% VDA tax, 1% TDS, and acquisition methods, as per evolving government regulations.
Learn how small businesses in India can optimize tax benefits through strategic structuring, presumptive taxation, deductions, MSME benefits, GST ITC, and available incentives.
Learn about the revised Section 44ADA, eligibility, new ₹75L threshold, benefits, and compliance rules for professionals under presumptive taxation in India.
