Category: Taxation

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What Is Cryptocurrency and How Is It Taxed in India

What Is Cryptocurrency and How Is It Taxed in India?

Whether you are an investment enthusiast always on the hunt for the next big financial opportunity or trend (such as a stock, mutual fund, or digital asset) or an individual already earning capital gains from the new-age currency. Then you must be aware of the new-age wave: Cryptocurrencies, the buzzword in today’s financial market, with

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Double Taxation Avoidance Agreement (DTAA)

Double Taxation Avoidance Agreement (DTAA)

Do you also feel the burden of paying taxes twice on the same income earned for the same purpose, just because of cross-border transactions or international deals? Then you are not the only one who faces this tax problem;like you, many global investors often encounter this issue and are taxed by two different countries on

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Nominee Director Relevance For Company Setup in India

Nominee Director Relevance For Company Setup in India

Are you a foreign investor looking to expand your business or set up a new company in India? Indian regulations require specific mandatory steps, one of which is appointing at least two directors for any new company. One of these directors must be an Indian resident who has lived in India for a minimum of

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A Complete Guide on Tax Deducted at Source TDS and Recent Changes in India

A Complete Guide on Tax Deducted at Source (TDS) and Recent Changes in India

Paying taxes can feel like an overwhelming task, but what if some of it were handled without hustle? That’s where Tax Deducted at Source (TDS) steps in, making the process smoother for everyone. Tax Deducted at Source (TDS) is a simple yet effective way for the government to collect taxes under the Income Tax Act

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Transfer Pricing Methods Which One is Right for Your Business

Transfer Pricing Methods: Which One is Right for Your Business?

Transfer pricing is critical for ensuring that transactions between related entities in multinational companies are conducted fairly. Several methods are available, like the Comparable Uncontrolled Price (CUP), Resale Price Method (RPM), and Cost-Plus Method (CPM); choosing the correct approach is essential for compliance and reducing tax risks. This article explains each method in detail to

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Complete Guide for Income Tax Returns for Non-Individuals

Overview Income Tax Return (ITR) is the form that taxpayers file with income tax authorities, in which they declare their incomes, expenses, and other financial details along with tax liability or refund as applicable for a specific financial year. Income Tax Returns (ITR) are not just for individuals but also required by various entities, including

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Transfer Pricing in India: Rules, Strategies, and Compliance

Transfer Pricing regulations have gained significant attention due to the rise in disputes from multinational companies’ tax strategies in India. What adds to the controversy and intrigue is how regulators perceive these strategies as intentionally structured to leverage advantages such as comparable labor costs and tax benefits, potentially at the expense of a country’s tax

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The more you give employment – The more you gain – Section 80JJAA

Backdrop To foster employment in India, the Hon’ble Government of India has introduced section 80JJAA of the Income-tax Act, 1961 (‘the Act’). The provision has been mainly introduced to encourage employment through deductions for hirers. Hence, the section shall incentivize both job seekers and job creators. From the income-tax front, the section has been subjected

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Who can apply for Lower deduction certificate 11 e1702378480537

Who can apply for Lower deduction certificate?

In order to overcome tax evasion measures adopted by taxpayers, Indian Income Tax laws provide for deduction of tax on income of any person or on sum payable to any person at the time of credit or at the time of payment at the rates in force under provisions of Income Tax Act, the concept

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