India’s new scheme provides turnover-linked incentives for electronics manufacturing to boost domestic value and attract investment across the supply chain.
Learn everything about the Advance Authorisation Scheme for duty-free inputs in exports. Eligibility, application procedure, duty exemptions, and more.
Learn about the Manufacture and Other Operations in Warehouse Regulations (MOOWR) Scheme, its advantages, disadvantages, application process, and duty implications.
As per section 195(1) of Income Tax Act, any person responsible to for paying to a non-resident, not being a company, or to a foreign company, any interest or any other sum chargeable to tax shall, at the time of credit of such income or at the time of payment, whichever is earlier, deduct income-tax thereon at the rates as applicable.
Implication under Ind AS Government grants are assistance by government in the form of transfers of resources to an entity in return for past or future compliance with certain conditions relating to the operating activities of the entity. Treatment of Grants related to Income Government grants, including non-monetary grants at fair value, shall not be […]
Provisions relating to tax on distributed income of domestic company for buy-back of shares Tax on distributed income to shareholders [section 115QA) In addition to the income-tax chargeable in respect of the total income of a domestic company for any assessment year, any amount of distributed income by the company on buy-back of shares (not […]
Its been 1 Year since implementation of GST in India. In this article we will discuss about the procedure to be followed after filing application for Cancellation of GST Registration i.e. REG-16.
Preference share capital means that part of the issued share capital of the company which carries or would carry a preferential right with respect to
Final GST Rates for Construction Services as on 23.09.2017 S.no. Services Rate Conditions (i) Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by […]
