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INTRODUCTION: When considering to purchase an immovable property from a Non-Resident, it’s essential to navigate through a unique set of rules and regulations. Understanding the complexities…
INTRODUCTION: When considering to purchase an immovable property from a Non-Resident, it’s essential to navigate through a unique set of rules and regulations. Understanding the complexities…
This article includes the following key pointers: Section 115JAA Observation Other relevant points Judicial Pronouncements Conclusion Read more at: https://taxguru.in/income-tax/availability-unutilised-mat-credit-amalgamating-company-amalgamated-company.html
AIF (Alternative Investment Fund) means any Indian investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing in accordance with a defined…
There have been many instances wherein a person responsible for deducting TDS (‘deductor’) has deducted TDS in the year of making payment to the deductee. However,…
This article includes the following key pointers: Introduction Compliances applicable to CAT I & CAT II Conclusion To know more: https://taxguru.in/sebi/alternate-investment-fund-aifs-compliances.html
Equalisation Levy (‘EL’) was first introduced in Chapter VIII of the Finance Act, 2016, which came into existence from 1st June 2016. Thereafter, the concept was…
This article includes the following key pointers: Introduction Understanding TDS Return Types of Errors while filing TDS return Procedure to revise the TDS return Conclusion To…
The Hon’ble Finance Minister presented the budget for the fiscal year 2023-24 with the basic intention of minimum government – maximum governance and reduction of overlapping…
In India, institutions set up for social causes and approved by the Income Tax Department get not only exemption from tax payment but also the donors to such…
India is becoming a hub to set up Global Captive Centres (GCCs) for multinationals. The export from these centres will nearly double by FY 2025. These…
Introduction: – Tax Exempt Bonds are debt securities issued by the state or local government agencies to raise money for infrastructure needs, daily operations and other…
Introduction: – Any Income received by an individual during the financial year is Taxable under their respective head of income. Sometimes, there arises an income which…