GST Return Due Dates 2020 Due to COVID-19 Outbreak

GST Return Due Dates 2020 Due to COVID-19 Outbreak

Extended Date of GST Return FileThere is no doubt the pandemic covid-19 has severally impacted all sectors including the businesses. It has not just resulted in the demise of major population on a global level, but has impacted the economy of developed and developing...
What is Export of Services?

What is Export of Services?

How do we determine whether IT services provided by us constitute export of service? As per Sec 2(6) of IGST Act: “Export of Services” means the supply of any service when,–– (i) The supplier of service is located in India; (ii) The recipient of service is located...

Voluntarily Registration Under GST

Even businesses that have no requirement to register under the Goods and Services Tax may opt for voluntary registration under GST even if you are not liable to be registered. All the provisions of GST applicable to a registered taxable per son will similarly apply to...
NRO v/s NRE Bank Account

NRO v/s NRE Bank Account

An NRI (Non-Resident Indian) with earnings both abroad and/or in India often faces difficulties in managing their finances. They also find it difficult to track bank accounts across countries, and also while repatriating money to their home country or family back in...
Capital Gains Taxation FY 2018-19 Onwards

Capital Gains Taxation FY 2018-19 Onwards

TAXABILITY OF LONG-TERM CAPITAL GAINS ON SALE OF LISTED EQUITY SHARES ETC. Long term capital gains(LTCG) arising from transfer of long term capital assets, being equity shares of a company or an unit of equity oriented fund or an unit of business trusts, is exempt by...
Interim Budget Insight : Personal Taxes

Interim Budget Insight : Personal Taxes

While there are no changes proposed in personal Income Tax rates and slabs, the Government has made certain key proposals to provide relief to small taxpayers, especially to middle class and salaried earners in the form of: Rebate on tax for total income of up to INR...