India has got the power to tax the capital gains on the sale of shares of domestic companies by entities based in Mauritius. This move will have a major impact on funds invested via Mauritius.Mauritius is used as a tax havens as so many investor
In case of mismatch, hawala, shaym dealers this is a master key for Maharashtra value Added tax Act, 2002 If dealers in Maharashtra want justice and definite results below information is decisive tool given by our Indian Constitution, 1950 to all citizens of India. Article
a) Income Tax – Income-Tax (11th Amendment) Rules, 2016. In the Income-Tax Rules, 1962, after rule 26B, there shall be inserted Rule 26C “Furnishing of evidence of claims by employee for deduction of tax under section 192.” There is Amendment in Rule 30, Rule 31A
The role of family business in the economy Family-owned businesses (FOBs) are a force to reckon within almost all economies across the world. They form a significant part of the global economy, accounting for up to 60 to 70 percent of it, contributing significantly to
Is this common for you to get unwanted calls? Every Time we get those calls when we are in middle of something. Very next question in our mind is how these people find our contact details? How? Did you enter your contact details somewhere? May
How to Maintain Safe Distance from Income Tax Department Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? Here are a list of expenses/ investments, which at any point
We are pleased to update you vide UTM’s (Key Update Alerts). Please find hereunder our “Updates that Matter Service Tax: – Extension of time till 29-04-2016 for filing ST-3 Returns. Due to difficulties faced by assessees in accessing the ACES application on 25th April, 2016,
As per the recent update in regulations, it is now mandatory for Mutual Fund investors to update the Extended KYC details at the time of creating a new portfolio. This has been effective since November 1, 2015. The same is also mandatory for all investments,
CBDT has issued draft rules on foreign tax credit. These rules will provide clarity to Indian companies and individual assesses having foreign income. As per these rules assesse having foreign income will be able to claim credit for taxes paid outside India. Earlier they were
In this article we are going to give answers to some basic questions every investor have in mind. How to invest in mutual funds? How to build a mutual fund’s portfolio? How to track my mutual fund’s portfolio? When should I book profits ? When
