Accounting & Tax

Compliances For Business Vis-à-vis Personal Data Protection Bill 2019
Accounting & Tax, Legal

Compliances For Business Vis-à-vis Personal Data Protection Bill 2019

Data of an individual or an organization has a significant impact on the digital economy. Data is considered the new oil; as data of an individual helps businesses and companies. To have in-depth and behavioral understanding of the consumer’s search trends, which helps them strategically place advertisements based on. User Data is especially useful in […]

Minimum Alternate Tax and its Eligibility
Accounting & Tax

Minimum Alternate Tax and its Eligibility

Introduction To ensure equity in society, it is necessary that every individual who has the economic capacity and capability to contribute should be required to bear a certain amount of share of the country’s tax load. With this belief in mind, the concept of Minimum Alternate Tax (MAT) was introduced in India by the Finance […]

Tax Exemptions For “start Ups”
Accounting & Tax

Tax Exemptions For “start Ups”

Tax Exemptions Tax-Startup India scheme is an initiative started in 2016, undertaken by the Government of India under the leadership of Prime Minister, Narendra Modi in order to achieve the goal of employment generation and wealth creation. Its aim is to develop and innovate products and services that make the lives of people better and […]

The Foreign Exchange Management (Non-debt Instrument) Rules, 2019
Accounting & Tax, Financial Transactions, SEBI

Analysis of The Foreign Exchange Management (Non-debt Instrument) Rules, 2019

The Ministry of Finance vide its notification dated 17th October 2019 issued the Foreign Exchange Management (Non-debt Instrument) Rules, 2019 (hereinafter referred to as “Rules“), in supersession of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 (hereinafter referred to as “FEMA 20R“) and the Foreign Exchange Management […]

Guidelines For Job Work Activity Under Gst, Remuneration paid by companies of the Central Goods and Services Tax (CGST) Act, 2017
Accounting & Tax

Guidelines For Job Work Activity Under Gst

Definition Job Work Activity- Section 2 (68) of the Central Goods and Service Tax Act 2016 (“CGST Act”) defines Job Work as “job work” that means any treatment or process undertaken by a person on goods belonging to another registered person. The one who does the said job would be termed as ‘job worker’. The job worker […]

64-min, Vodafone Retrospective Tax Case
Accounting & Tax

Vodafone Retrospective Tax Case

In a unanimous decision, the Permanent Court of Arbitration at The Hague ruled that India’s retrospective demand of Rs 22,100 crore as capital gains and withholding tax imposed on the British telecommunication company for a 2007 deal was “in breach of the guarantee of fair and equitable treatment”[1]. The court has also asked India not […]

insolvency-law, Overview Of Insolvency Laws In India
Accounting & Tax, Legal

Overview Of Insolvency Laws In India

Insolvency Laws- As we all know, nowadays, insolvency has become quite common among individuals, corporate houses, firms, and even multi-national companies. Insolvency is a state when an individual or company fails to meet their financial obligations which is to pay their debts to the creditors and money lenders. When a person becomes insolvent, it is […]

India-Briefing-Filing-Income-Tax-Returns-in-India, Income Tax Return
Accounting & Tax

Income Tax Return

The income earned by individuals and businesses is subject to tax. The tax levied on the income of a person is Income tax, which is levied and collected by the Central Government. Such tax on income earn is payable in the same financial year wherein it is accrue in the form of advance tax. But […]

Covid_Economy_Taxes.5e8decd984eff, Tax Implications Of Covid-19
Accounting & Tax

Tax Implications Of Covid-19

Tax Implications Of Covid-19- Since the beginning of 2020, the widespread of Covid-19 was all over the World and it has affected the economy of the richest and developed countries. It has shaken the economy of developed to least developed countries and brought them to their knees. Countries with the highest number of cases that […]

Professional Tax, pt_2374-1280x720
Accounting & Tax

Professional Tax

Professional tax is a tax that is imposed by the State government on all salaried individuals. Professional tax is applicable to all working professionals like chartered accountants, lawyers, and doctors. It is levied based on the individual’s employment, trade, or profession. The tax rates differ across all states; however, the maximum amount that can be […]

BV-Acharya-25, Tax Avoidance Structure
Accounting & Tax

Tax Avoidance Structure

How Multinationals save Corporate Taxes: Process Analysis Tax Avoidance Structure – We all read the articles published in the leading magazines about Google, Microsoft and other MNCs saving millions in taxes every year. Conflict is not about them saving millions but that after earning loads of revenue how do they save taxes with such stringent […]

Accounting & Tax

Scrappage Policy and Green Tax

BLOG | 5 MINS READ Scrappage policy Scrappage Policy and Green Tax – Government plan to use GREEN TAX revenue, in order to manage and reduce the pollution Lakshmi Ravikul Legal Intern at LawDocs Scrappage Policy and Green Tax – Since, the pandemic has start, the government is making sure to introduce every possible way […]