Switzerland has suspended the MFN status for India which would affect the taxability of business income especially the dividend income.…
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Macro Economic Factors- December 2024
India’s macroeconomic outlook for December 2024 is strong, with GDP growth projected at 6.8%, fueled by robust domestic consumption and…
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Direct Tax Vivad Se Vishwas Scheme, 2024
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as OTVSV Scheme, 2024) has been enacted vide Chapter IV…
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Due Date for Filing of Form CSR-2
For the financial year 2023-2024, ‘Form CSR-2’ shall be filed separately on or before 31st December, 2024 after filing Form…
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New Form 12BAA Introduced for Reporting Non-Salary TDS and TCS to Employers.
The Central Board of Direct Taxes (CBDT) has introduced Form 12BAA which allows employees to report non-salary TDS/TCS to employers, ensuring accurate…
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Macro Economic Factors- October 2024
Macroeconomic indicators for October 2024 point to robust GDP growth fueled by strong domestic consumption. Inflation remains manageable, supported by…
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Circulars – Amendment of RCM on Rent on property from unregistered persons.
Circulars Notification No. 09/2024- Central Tax (Rate) Registered person liable for GST on Reverse Charge basis on renting of any property from unregistered…
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Changes in TDS Rates effective from October 1, 2024
The TDS rates proposed in the Union Budget 2024 were approved in the Finance Bill and thus the revised TDS…
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Macro Economic Factors- September 2024
Macroeconomic indicators for September 2024 indicate sustained economic growth, with inflation remaining below the RBI’s target of 4% for the…
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Circulars – Key Clarifications as recommended by 54th GST Council Meeting
Circulars (Circular no.230,231,232 & 233) clarifying the various issues as recommended by the 54th GST council meeting. Download PDF:-
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Lower Tax Rate under India-Spain DTAA for Royalty and FTS
The Government of India (GOI) has issued Notification conferring lower tax rate benefit of 10% under the India-Spain Double Taxation Avoidance…
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Basic Understanding of IND AS 116
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Macro Economic Factors- March 2024
February 2024 catalogued a great set of numbers with GDP observing ambitious growth rate of 8.4% and the RBI MPC…
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Mandatory Registration- Input Service Distributor
Applicability of ISD- Clause 11 Chapter IV Finance Act 2024 Download PDF:-
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Processing of returns of income validly filed electronically with refund claims for AY 2021–22 beyond the prescribed time limit in non-scrutiny cases.
The CBDT issued an Order on March 01, 2024, to address issues with processing income tax returns of the Assessment…
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Macro Economic Factors- February 2024
The Macro-Economic indicators for the month signaled at a strong economic growth across all sectors of the economy. Industrial activity…
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