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Latest Articles in taxes

Foreign Remittances: Know The Tax & Regulatory Aspects

Covered below are key tax and exchange control implications for foreign remittances towards some common business transactions

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GST Annual Returns Could Keep Tax Officer At A Bay

Businesses with less than Rs 5 crore annual turnover, comprises of over 90% of taxpayers and any waive of annual return for them would ease the compliance for millions.

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Running Businesses...Where Does The Shoe Pinch??

Tax laws need coherent simplification & huge reconciliation, because each day's delay in getting out of cobwebs, adds to interest & penalty burden.

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Transfer Pricing And Customs: Is Convergence Possible?

Transfer pricing is a discipline of income tax that deals with fair pricing of transactions between related parties and thus the fair allocation of profits and taxes.

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Tax Havens... A Financial Curse

India is a big offender & the present government, had a major election promise of getting back ill gotten wealth, stashed away abroad.How far it reveals the outcomes, after being in power for over 5 years, & how much it conceals,only time will tell.

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Income Tax Department Eases Criminal Prosecution Norms For TDS, ITR Filing Defaults

CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.

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End Rollback Governance

While Modi emphasizes the importance of removing roadblocks in the economy, bureaucrats continue to stymie progress. Angel Tax on investments by venture capital firms in startups was an idea thought up in the dark recesses of the Central Board of Direct Taxes (CBDT) ...

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Corporate Tax For Large Companies To Be Gradually Cut To 25%: Sitharaman

The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.

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Taking Goods Abroad For Exhibitions Will Not Have To Generate Tax Invoice

Goods taken abroad in this manner are required to be either sold or brought back within a period of 6 months from the date of removal.

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Budget 2019: Experts Want Lower Corporate Tax Rates

DDT: 17.46 % on after tax profits available for dividends distribution (100 – 34.94) resulting in effective tax rate of 11.36%

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Inherent Dilemma On Levying Inheritance Taxes

Tax rules should incorporate an explicit regime to recognise family trusts and permit their legitimate usage to plan for inheritance tax.

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Schemes of Arrangement: Fine Line Between Potential To Avoid Tax Vs Planning To Save Tax

It is a norm for scheme of amalgamation that the assets of the transferor company are transferred to the transferee company, as a result of which, either cash is paid or shares of the transferee company are allotted to the shareholders of the transferor company.

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It’s A Golden Age For Tax And Accounting Professionals That Keep Up With Technology

But to survive competition and reap the benefits, these professionals will need to embrace technology as their best tool, whether they are serving large or small business clients

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Angel Tax: Killing The Goose That Can Lay Golden Eggs

The digital industry is not averse to paying direct taxes, but such taxation should be on actual profits and not notional ones. Given the high rate of failure of start-ups, this is a critical aspect of taxing the fast evolving tech sector; or we run the risk of killing the goose even before it lays a golden egg!

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A Stable, Moderate Tax Regime

I propose a lower rate corporate tax structure without exemptions

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