[vc_row][vc_column][vc_column_text] INTRODUCTION Finance Act, 2020 brought about various changes in the provisions of Income …
Foreign Remittance or Purchase of Overseas Tour Package: Applicability of TCS
[vc_row][vc_column][vc_column_text] INTRODUCTION In a bid to expand the horizon of Direct Taxation in Indian Tax Regime beyond …
Continue Reading about Foreign Remittance or Purchase of Overseas Tour Package: Applicability of TCS
CESS AND SURCHARGE- THE DEDUCTIBILITY CONUNDRUM
As per section 40(a)(ii) of the Income -tax Act, no deduction shall be allowed while computing deduction under the head “Profits …
Continue Reading about CESS AND SURCHARGE- THE DEDUCTIBILITY CONUNDRUM
Taxability of Forward Exchange Contracts
INTRODUCTION In any given industry, there are ample amounts of import and export, leading to exchange of foreign currency …
Continue Reading about Taxability of Forward Exchange Contracts