Understand the concept of Foreign Tax Credit (FTC) and its significance in mitigating double taxation on income earned outside India. Explore how Double Taxation Avoidance Agreements (DTAA) play a crucial role in preventing double taxation. Learn about the process of claiming FTC, including filing Form 67 and providing necessary documentation. Gain insights into the relevant details and conditions associated with FTC, ensuring a transparent and justifiable taxation system for Indian residents with foreign income.
As per sub Section 9 of Section 12 of the Companies Act, 2013 read with the Companies (Incorporation) Rules, 2014 If the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may cause a physical verification of the registered office of the company in such manner […]
Understanding Healthcare Taxation under GST: Learn how goods and service tax impacts the healthcare industry in India and its potential economic benefits.
Explore the significance of Section 6 in the Income Tax Act, 1961, shedding light on the determination of an individuals residential status in India. Understand the tax implications and recent amendments by Finance Acts 2021 & 2022.
Unlock the potential of tax planning for house property with insights into Income Tax Act, 1961. Learn about deductions and exemptions for property owners, including municipal tax, standard deduction, and interest on loans. Explore benefits under different income heads, such as Capital Gains, and exemptions like Section 54 and 80C. Maximize your tax savings with expert guidance on legal aspects. Stay informed and reduce your tax burden effectively.
Explore the nuances of TDS under Section 194R and Section 194S of the Income Tax Act, 1961, introduced by the Finance Bill 2022. Uncover the implications and requirements for businesses and individuals, covering aspects such as deduction rates, applicable entities, and specific scenarios like benefits, perquisites, and virtual digital asset transfers. Stay informed about the proposed changes and potential challenges.
Understand Section 194H and its implications on tax deductions for brokerage or commission payments. Learn about the criteria and requirements for TDS deduction.
Discover the enhanced features of LLP Version 3 portal. Learn about the seamless transition, user-friendly interface, and new services for LLP’s.
Learn about the eligibility of interest income for deduction u/s 80IA of the Income Tax Act. Discover the benefits for industrial undertakings and infrastructure development.
Explore the latest amendments in Income Tax Act, 1961! Understand the implications of Finance Act, 2022, specifically the changes in section 12AB. Learn about ‘Specified Violations’ and the potential cancellation of registration for non-compliance. CA Amit Jindal, Legal Head at Neeraj Bhagat & Co. Chartered Accountants, provides insightful commentary on the amendments, CBDT clarifications, and procedural details. Stay informed to navigate the complexities.
