Understand the purpose, structure, due dates, and download process for Form 16 and Form 16A TDS certificates. Learn key requirements, penalties, and compliance rules under the Income-tax Act.
Explains how timing, family LRS limits, and NRO remittances can legally prevent the 20% TCS on foreign transfers. Highlights compliant methods clarified under the tax rules.
Explains the revised rule limiting Table 8C to FCM invoices and blocked credits, clarifying how incorrect reporting may lead to negative Table 8D and potential disputes.
Shows how rising inflation and unstable markets increase the importance of ULIPs, endowment plans, and hybrid insurance investments for secure, long-term wealth building.
Tribunal ruled that massive companies like Infosys and TCS cannot be used as comparables when the assessee’s turnover is small, holding that size materially affects profitability. It directed exclusion of such entities and recalculation of margins.
Learn how ITC works, who can claim it, and the compliance requirements under GST. Key takeaway: ITC can save costs but is not an automatic right.
Explains proper disclosure of foreign custodial accounts, RSUs, MMFs, and dividends. Key takeaway: each income type requires separate reporting to stay compliant.
A clear guide on how US dividends are taxed under the India–US DTAA. Key takeaway: US withholding is capped at 25%, but India taxes dividends fully with FTC relief.
ITC denial is unjustified when the supplier was registered at the time of the transaction. Courts confirm bona fide purchasers retain credit if statutory conditions are met.
Breaks down the 2025 GST changes affecting accommodation services. Key takeaway: rooms under ₹7,500 are taxed at 5% without ITC, while higher-priced rooms continue at 18% with ITC.
