Union Budget 2023-2024 Expectations
Let us see the key expectations from the Union Budget 2023-2024 from the Direct Taxation point of view
Foreign Companies and Permanent Establishment (Pe)
With this article, we would like to explicate the concept of Foreign Companies and PE in light of Indian Income Tax Act provisions.
Financial Due Diligence
Importance of Financial and Tax Due Diligence in Company Acquisition
Section 54 – Capital Gain Exemption
Whether assessee is entitled to Section 54 exemption if investment made by date of filing belated/revised ITR?
Foreign Companies, their tax rates & filing of Income Tax Return in India
Foreign companies are very enthusiastic about setting their footprint in India & establishing their commercial presence here. Foreign companies can set up a Wholly Owned Subsidiary in India, a Limited Liability Partnership, a Project Office, a Liaison Office, a Branch Office, etc.
Updated Return – Boon or Bane for Taxpayers?
Through the Budget 2022 on 1st February 2022, the Government of India introduced the concept of Updated Income Tax Return under section
139(8A) of the Income Tax Act, 1961;
Major Legislations to Companies in India
Every company needs to undertake a thorough analysis of the laws applicable to it & ensure timely & accurate compliance to avoid penalties & contravention.
When does a Foreign Company obtain a PAN in India?
A Permanent Account Number (‘PAN’) is a ten-digit alphanumeric number issued by the Income Tax Department in India.
Importance of GST in Indian Economy
The Goods and Service Act (GST) was a major tax reform introduced in India on 1st July 2017. The primary intention of introducing the GST was to replace many other state level taxes and to bring all taxes under a single umbrella. Before the introduction of GST, the complex Indian business and trade landscape suffered from tax evasion and also reluctance from Foreign companies to do business in India.
India: As the Manufacturing hub
The true success of a country can be measured through its potential to be a leading hub of research and development, a problem-solver, a high employment index, and an indispensable seat for global manufacturing needs.
