Many multinational Companies is used various schemes to shift profit from high-tax country to low-tax country. Bermuda is the prime Example of lower tax Jurisdiction, where corporate income tax is equal is 0%. In a survey, it was found that around US$420 Billion in Corporate profit is shifted by Multinational companies to 79 country every […]
What is Sweat Equity? Sweat Equity Shares means equity shares issued by a company to its director or employee at discount or for consideration other than cash, for providing know-how or making available like intellectual property rights or value addition. Who is Eligible? Permanent employee of the Company; Permanent employee of the subsidiary or a holding company […]
Technology has changed the way we use to sign documents. Now We can Digitally Sign PDF File. It actually Help us lot in Practice as before this we have to sign on Document then Scan the same and then we can use for upload or any other work But by Signing on PDF it will […]
Generally, it is being said that to live a normal life we need three basic things (1) Food, (2) Cloths and (3) House and over the period we have also understood the true meaning of the above three things in our life. But unfortunately, the officers working for the government misunderstood it. Time and again […]
Advance tax means income tax should be paid in advance instead of lump sum payment at year end. Taxpayer need to pay Advance Tax in 4 installments in which he has to pay 15% of advance tax by 15th June, 45% of advance tax by 15th September, 75% of advance tax by 15th December and […]
Coaching services, as an aid or facilitator to main stream education system in India, are popular so much so that these are now considered as a necessary input for students pursuing education at secondary and above level in schools or at higher level who are also preparing for competitive examinations. Coaching services are popular in […]
Important recommendations of 45th GST Council meeting The 45th GST Council meeting was held on 17.09.2021 at Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. Various recommendations were made in this meeting in relation to extension of existing concessional GST rates on certain COVID-19 treatment drugs, reduction of […]
3 DANGEROUS PROPOSED CHANGES IN GST 1. GSTR – 1 BLOCKING IF GSTR 3B NOT FILED– Rule 59(6) of the CGST Rules to be amended with effect from 01.01.2022 to provide that a registered person shall not be allowed to furnish FORM GSTR-1 if he has not furnished the return in FORM GSTR-3B for the preceding month. 2. […]
Understand how to determine your residential status for income tax purposes in India. Learn about the criteria and classification of residents and non-residents.
FAQs > Searching BoE (Bill of Entry) Details Q. 1 Can I search BoE (Bill of Entry) details on the GST Portal? Ans. The Search by BoE functionality allows you to view BoE (Bill of Entry) details on GST Portal. Navigate to Services > User Services > Search BoE option to view BoE (Bill of Entry) details. Q. 2 Can I […]
