Background The Finance Act, 2016 introduced Equalisation Levy with effect from 01-06-2016.This levy is charged at the rate of 6% from the consideration paid or payable to a non-resident person for...
Cryptocurrencies & their taxation
Understanding the Taxation and other related issues related to Bitcoins (Cryptocurrencies) Crypto Currencies are decentralized virtual or digital currencies which are neither issued by any Central...
Crypto Industry 2020
Cryptocurrency Crypto in India has always been something which is not understood by majority masses. India having one of the largest economy in the world, would always fear something which has a...
Compliance under Rule 114F to 114H of Income
Compliance under Rule 114F to 114H of Income-tax Rules, 1962 for due to enactment of FATCA and CRS Income-tax Rules, 1962 were amended vide Notification No. 62 of 2015 dated 7th August, 2015 by...
Compliance requirements Rule 114B to 114D, Rule 114DB and Rule 114E
This write up has been taken up in three parts:- PART I. Rule 114B – Transactions in relation to which permanent account number is to be quoted in all documents for the purpose of clause (c) of...
TAR Update AY 2018-19
Amendments to the format of Tax Audit Report (Form 3CD) In order to get various amendments made to Income-tax Act, 1961 (‘the Act’) and other laws (indirect taxes) within the format of tax audit...