Once the proposal is assented, the payee is also liable for penal action against the receipt of his dues in cash. Thus, care should be taken to avoid unwanted penal action
ITD has started sending email or SMS for cash deposit during demonetization. If you are the one who receive it, please don't panic. Instead, response it with this guide
Today, Hon'ble Finance Minister Shri Arun Jaitley presents the Budget 2017. The highlights of tax proposal are
Check this short list which will cut your tax bill and will also give peace of mind to you
Unlisted Companies are resorting to buy back of shares instead of payment of dividends in order to avoid payment of tax by way of DDT particularly where the capital gains to the shareholders are taxable at a lower rate
With the expansion of information and communication technology, the supply and procurement of digital goods and services have undergone exponential expansion everywhere, including India. The digital economy is growing at 10% per year, significantly faster than the global economy as a whole. Considering the potential of new digital economy and the rapidly evolving nature of business operations it is found essential to address the challenges in terms of taxation of digital transactions.