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28 Jul 20

Transfer Pricing Reporting Requirements in India

With globalisation, it has become a universal phenomenon for Multinational Organisations to have branches, subsidiaries or divisions in more than one country. This exposes the group to different tax regimes in different tax jurisdictions. Thus, managing the taxes and complying with regulations becomes a challenging task, except some organisations use…
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24 Jul 20

Background of Equalisation Levy

Equalisation levy is an unilateral measure to tax some digital activities. It was introduced in Finance Act 2016 with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. To tackle taxation issues in transaction conducted in cyber space, equalisation levy has been…
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11 Aug 19

Business setup in India

India is consistently a worthwhile place of business for the visionary investors crosswise over world, little and medium foreign firms and MNC’s because of the size and marketplace it holds. Be that as it may, with regards to being a business or investor well disposed country, it generally ends up…
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09 Jul 19

Types of Audit

Which Audits does my company require to undergo? What is an audit? Audit is an appraisal of the area under audit. It’s an independent assessment throwing light on the compliant nature of the company and also states the non compliances. The various types of audits are as below – Statutory…
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08 Mar 19

Tax withholding on foreign remittances

Does my company make foreign remittances/payments? What are the important documents for me to be aware of? When is it required to withhold tax on foreign remittance? The sum payable to a non resident or a foreign company is income in the hands of the non resident / foreign company.…
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