NEWS & UPDATES

Demystifying Income Tax: A Comprehensive Guide to Understanding Your Tax Obligations

Tax season can be a daunting time for many individuals and businesses alike. The thought of crunching numbers, navigating complex regulations, and ensuring compliance can be overwhelming,...

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Demystifying the Provisions of FEMA A Guide to International Transactions

In the interconnected global economy, international transactions play a vital role in fostering trade, investment, and economic growth. However, conducting cross-border business involves navigating a complex web of regulations and policies, including the Foreign...

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Analysis of Section 115BAB – An opportunity or a challenge

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...

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Economic Substance Regulations in the UAE

Background An unfavorable status of the United Arab Emirates (UAE) before the European Union (EU) Pro-active measures to address EU concerns around shifting of profits aimed at the following key factors: No or nominal taxes; Lack of transparency and exchange of...

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Taxability of Salary Allowances and Deductions

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...

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An Analysis of the Provisions of TDS on Transfer of Immovable Property

Introduction Finance 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...

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