India & Scope of Equalisation Levy

Equalisation Levy (Part-2)

EQUALISATION LEVY – CHAPTER VIII IN THE FINANCE ACT, 2016 (PART-2) Introduction : Government vide finance act, 2016 inserted equalisation levy, it is necessary to know that when assessee is required to deduct, what will be the rate of deduction, and what are the other provisions relating to equalisation levy. Further there is also amendment…

Deduction of Tax at Source (TDS) from Fibota

Section 195

Analysis of Section 195 of Income Tax Act, 1961.   Introduction : Whenever any payment is made to any non-resident than whether it is subject to TDS or not what will be the rate of deduction and whether there is any exemption from deduction of TDS; all the relevant points has been covered under section…

Highlights of Key Income Tax Amendments

Income Tax Amendment

Amendments Relating to Income Tax. Introduction : There are several amendments which has been introduced through Finance Bill, 2021; and therefore, every professional and assessee shall know this amendment. In this article we will discuss important amendments introduced through finance bill, 2021. Important points after Finance Bill, 2021:  Change in Audit Provision After the amendment…

GST-Amendments overview india

GST Amendments

Amendments/Changes in GST After Introduction of Finance Bill, 2021 Introduction : Since its inception GST is prone to changes and amendments, in this finance bill also, there is introduction of some changes and some insertion/deletion/substantial modification in core sections. In this article we will cover all the amendments made in finance bill, 2021 relation to…

Advance authority Ruling under income tax details

AAR Under Income Tax

Introduction : We have seen that their Income Tax Act; is amended every year along with this there are notification/circular/press release which assessee is required to interpret. Sometimes there may be several interpretations of particular law, to avoid any controversy on later stage department has provided assessee with a remedy whereby he can sort Advance…

Act 1999 Detailed overview

The Foreign Exchange Management Act, 1999 (Part-1)

The Foreign Exchange Management Act, 1999 (Part-1) Introduction : It is important to know that how entity is required to comply with the law, in case where entity is undertaking foreign currency transactions. Our professionals through issuing article in different part, will try to cover the entire provisions relating to this law. Definitions: Capital Account…

Foreign Exchange Management details

The Foreign Exchange Management Act, 1999 (Part-2)

The Foreign Exchange Management Act, 1999 (Part-2) Introduction : It is important to know that how entity is required to comply with the law, in case where entity is undertaking foreign currency transactions. Our professionals through issuing article in different part, will try to cover the entire provisions relating to this law. Definitions: Current Account…

Foreign Exchange Management Act 1999 india

The Foreign Exchange Management Act, 1999 (Part-3)

The Foreign Exchange Management Act, 1999 (Part-3) Introduction: It is important to know that how entity is required to comply with the law, in case where entity is undertaking foreign currency transactions. Our professionals through issuing article in different part, will try to cover the entire provisions relating to this law. Dealing in Foreign Exchange:…

what is Act 1999? details & overview

The Foreign Exchange Management Act, 1999 (Part-4)

The Foreign Exchange Management Act, 1999 (Part-4) Introduction:It is important to know that how entity is required to comply with the law, in case where entity is undertaking foreign currency transactions. Our professionals through issuing article in different part, will try to cover the entire provisions relating to this law. Transaction where withdrawal from India…

foreign exchange act 1999 Overview

The Foreign Exchange Management Act, 1999 (Part-5)

The Foreign Exchange Management Act, 1999 (Part-5) Introduction: It is important to know that how entity is required to comply with the law, in case where entity is undertaking foreign currency transactions. Our professionals through issuing article in different part, will try to cover the entire provisions relating to this law. In previous article we…