Merchant Navy Workers Taxation in India
Merchant Navy Workers Taxation in India Similar to other Indian citizens, seafarers or merchant navy professionals are governed by Indian income tax laws. However, their tax liability primarily depends on…
Easy Guide to e-Notices and Their 6 Types Under Income Tax
Easy Guide to e-Notices and Their 6 Types Under Income Tax With the advancement of technology, most communications from the Income Tax (IT) Department are now sent to the taxpayer’s…
Sovereign Gold Bonds (SGB) Taxation
Understanding the taxation of Sovereign Gold Bonds (SGBs) is important for investors who want to optimise returns from gold investments. Issued by the Reserve Bank of India, SGBs are a…
NRIs in Singapore: How to Avoid Capital Gains Tax on Indian Mutual Funds through the India–Singapore Tax Treaty
NRIs in Singapore: How to Avoid Capital Gains Tax on Indian Mutual Funds through the India–Singapore Tax TreatyIf you're an NRI living in Singapore and have invested in Indian mutual…
Overseas Direct Investment (ODI)
Overseas Direct Investment (ODI)With India’s growing economy, more Indian companies are venturing into international markets. These global investments are governed by the Foreign Exchange Management Act (FEMA). A critical component…
Tax on Consultancy Services: Applicability, Tax Rate, and Key Insights
Tax on Consultancy Services: Applicability, Tax Rate, and Key InsightsWho Qualifies as a Consultant? Although the Income Tax Act, 1961 does not directly define the term “Consultant,” the services rendered by…
Why is ROC Filing Important
Why is ROC Filing Important?ROC filing refers to the process of submitting various statutory documents and returns to the Registrar of Companies. Every company incorporated in India is legally obligated…
How to Register an LLP in Ahmedabad
How to Register an LLP in Ahmedabad Ahmedabad, the economic powerhouse of Gujarat, offers an ideal setting for establishing a Limited Liability Partnership (LLP). Thanks to its dynamic economy and…
Top 5 Reasons to Hire a Chartered Accountant (CA) for Tax Filing in India
Top 5 Reasons to Hire a Chartered Accountant (CA) for Tax Filing in India Struggling to decode ITR forms or manage TDS deductions? It’s time to hire a Chartered Accountant.…
Angel Tax: Exemption, Rate, and Example
Angel Tax: Exemption, Rate, and ExampleIf you're an entrepreneur, you've likely come across the term "Angel Tax." Under Section 56(2)(viib) of the Income Tax Act, Indian startups were required to…
How to Register a Private Trust in India
Understanding the process of private trust registration is essential for securing legal recognition and associated benefits. This guide outlines the necessary steps to ensure a seamless registration process in India.Why…
MCA Change Request Form (CRF)
MCA Change Request Form (CRF)The Ministry of Corporate Affairs (MCA) has introduced the Change Request Form (CRF), a web-based tool designed to address exceptional scenarios where existing forms or services…
How to Change Registered Mobile Number or Email ID on the GST Portal?
Changing the registered mobile number or email ID on the GST portal is a straightforward process. The method you follow will depend on the number of authorized signatories associated with…
How to Dissolve a Hindu Undivided Family (HUF) Deed?
How to Dissolve a Hindu Undivided Family (HUF) Deed?Taxpayers belonging to Hindu, Jain, Buddhist, and Sikh communities can often take advantage of a strategic tax-saving mechanism by forming a Hindu…