Learn about the advantages of starting or investing in an LLP in India. Discover the separate legal entity, tax benefits, and liberal rules for foreign citizens.
♦ If you are paying more than Rs.50 lakhs to any resident person for any professional / commission or contract work – You need to deduct 5% TDS irrespective of facts that expense is personal or business. For e.g. Assume you wants to construct a residential house and you hire a contractor and pays more […]
Income Tax reduced tax rate option on individual or HUF who has business income once opted, have to apply to all subsequent years. It means it cannot go back and choose old rate with all deductions etc. (Applicable from FY 2020‐21) In Sep 2019, government announced reduced corporate tax rate to 15% or 22% and […]
Let’s understand the tax ability of listed equity shares with a flow chart (assuming STT has been paid on purchase & sale of shares in a recognized stock exchange)
In this Article, I will share some of the important points one should consider before making investment in any specific shares of the Company & you will yourself will become an expert where one would not need to ask any person – “Which Company should I Invest?” or “What amount of return I will get?” […]
If Export of service / goods is an exempt supply then government would not have 2 category like export with IGST and export without IGST which clearly states that export is a taxable supply but if someone satisfy the conditions then he/she can export without IGST. However that does not give exemption to the person from taking the registration which is stated in Section 24 of the CGST Act.
