IntroductionIn today's world, the trusts or institutions are being widely set up for the charitable purposes and imparting education among the poor. But lesser are known the facts about the taxability and registration of the trust or institution. This newsletter is...

IntroductionDuring the month of September 2019, our Finance Minister Mrs N. Sitharaman gifted the Indian Industrial sector a much-awaited tax rate slash making Indian industry more competitive around the world. With the Taxation (Amendment) Ordinance Act 2019 the...

IntroductionAs the new financial year i.e. FY 2020-2021 is going to start, there is in mind of every salaried individual about their tax planning and where to invest to reduce the tax liability efficiently. Most of the taxpayer in India regularly have following most...

IntroductionFinance Act 2013 introduced Section 194-IA with an intention to curb the indirect inflow of black-money into the Indian real estate sector. Prior to this as well Indian government has always intended to put a stoppage over the cash dealing in the Indian...

BackgroundFinance Minister with the announcement of the Finance Bill 2020 has introduced Vivad Se vishwas Bill, 2020 to provide a complete onetime dispute settlement for all the pending appeals. All the appeal, adjudication, or proceedings shall end in respect of the...

BackgroundTo transform the dream of our Humble Prime Minister Mr. Narendra Damodardas Modi into a reality of making Indian economy the fastest and strongest among others, it’s the people of India who have to take up the step to make India grow at the fastest possible...

IntroductionOn the journey of becoming one of the world’s fastest-growing economies, India has made a several commitment on various International world forums to comply and implement the basic international standards related to reporting & regulatory requirement. One...

Applicability Of Income Tax Return Form and Due date for filing ITR Belated Return:-Any person, who has not furnished a return in above mentioned time period, may furnish the return before the end of the relevant assessment year i.e. 31st March, 2020 for Assessment...

IntroductionWith Finance Act 2015, the Indian Government has effectively tried to curb the situation of revenue loss caused by various Multi-National Corporations by shifting their residential status to outside India. The Finance Act, 2015 brought about a paradigm...