Ease of compliance requirements compared to a private limited company, and it is also more cost-effective for the small entrepreneur OPC can transition to a private limited company or public company more easily now [...]
Last Date of filing extended to 28th February, 2021. Citizens of age 75 years and above who have only Pension and Interest income – Need not file Income Tax Returns. [...]
Under the current tax regime (until March 31, 2020), companies distributing dividends are liable to pay tax at an effective rate of 20.56 percent directly to the government from their surpluses. Effectively, out of every Rs 100 in distributable profits, companies had to cough up Rs 20.56 as tax, with [...]
We have given below a summary of the key changes in the Budget 2020 below PROPOSALS REGARDING CHANGES IN DIRECT TAXES Corporate Tax Dividend Distribution Tax of 15% payable by companies will not be payable for dividends declared after 31st March 2020 [...]
Budget 2019 provides the implementation road map for the governments vision of transitioning India to a INR 5 Trillion economy. The focus is on tapping different sources of capital to kick start investment, strengthening infrastructure, encouraging entrepreneurs and deepening digitization. [...]
We were quoted in business line on February 4, 2019. Here is the link
The ICDS-related proposals in the Finance Bill of 2018 are an aftermath of the Delhi High Court ruling in the case of Chamber of Income-tax Consultant vs. UOI dated 8 November 2017. In this case, the Delhi High Court had raised doubts about the constitutional validity of ICDS It appears [...]
Tax Highlights Reduction in corporate tax rate to 25% for companies having a turnover of Rs 250 crores and less Deduction under Section 54EC is restricted to the transfer of land/Buildings/ both and the Holding period of the long-term investment asset such as NHAI/ REC Bonds is now increased to [...]
Here are the highlights of the budget 2014 presented today. We will follow it up with a more detailed analysis FISCAL DEFICIT FM Vows to keep fiscal deficit target of 4.1 percent of GDP for 2014/15 Fiscal deficit forecast to fall to 3.6 percent of GDP in 2015/16, 3 percent [...]