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Export is a significant term for multinational trade. It includes the sale of goods/ services from one country to another. In India, there are various rules, regulations, and procedures have been introduced to promote exports by the Indian Government. It makes the procedure simple for exporters. One such regulation is…

The globalization of the world economy has led to the increased participation of foreign entities in the Indian economy. In the corporate sector, foreign investment has been a significant contributor to the growth of Indian companies. With this growth, there has been a rise in the appointment of "Persons Resident…

The Indian tax system has various provisions to ensure timely and accurate payment of taxes. Section 194J of the Income Tax Act, 1961, is one such provision that deals with the TDS (Tax Deducted at Source) on payments made to professionals and technical service providers. However, the line between technical…

The term NBFC stands for Non-Banking Financial Company which is of great importance in India. It fulfills the role of ensuring proper financial financing in the economy. Therefore, the Reserve Bank of India (RBI) is the sole body responsible for the supervision and regulation of NBFCs to ensure the growth…

On 27 December 2022, the CBIC issued a circular prescribing how an unregistered person can apply for a refund. Unregistered persons can apply for GST refund on canceled contracts or premature termination of policies by obtaining temporary registration on the GST portal, the finance ministry said. A new 'Refund for…

Filing Income Tax Returns (ITR) can be a daunting task for many individuals, especially those who are not familiar with the process. However, with the help of the new ITR forms and the recent changes, the process has become much simpler and hassle-free. The government has introduced several changes in…

Udaipur is rich in its culture, historical and scenic areas, and Rajput-era palaces. It is also known as the “City of Lakes” and attracts several tourists from other places of the world that’s why it is called a tourist destination and the tourist destination is always the best place to…

Under the presumptive taxation system in India, certain eligible taxpayers are allowed to pay tax on a presumptive basis. This means that the income of the taxpayer is presumed to be a certain percentage of the total turnover, and the taxpayer is required to pay tax on that presumed income.…

The Indian tax regime affects corporate governance by either imposing liabilities or offering tax incentives; in contrast, corporate governance has an impact on the management of a company's tax affairs. The Central Board of Indirect Taxes and Customs (CBIC) recently issued guidelines for the initiation of prosecution under Goods and…

If you want to cancel a flat booking, then you have come to the right place. How smooth your cancellation process basically depends on the relationship you have with the developer. Most people do not know about the procedure for canceling an apartment reservation. This results in problems when claiming…