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Foreign Direct Investment (FDI) seems to have been a significant non-debt financial resource towards India's national economy, especially in addition to being such a crucial driving force behind economic. Attracting investment in India primarily benefit from lower salaries and unique structural reforms such as lower taxes, among other things. Moreover…

Some employees on the payroll of group firms (including management and non-management cadre) work for the Parent company. We can recover the cost of such personnel from the Parent firm by raising a debit note on an actual cost basis. Let us discuss TDS Implication on Reimbursement of Employees in…

The Reserve Bank of India will process in the Legal Entity Identifier (LEI) system for all investors in the currency financial derivatives, foreign exchange derivative instruments, and structured finance over-the-counter growth in India. So due to the severe recession, the LEI code is design as a primary parameter to enhance…

The Internal Revenue Service has given taxpayers with a number of Claim Deduction for Rent Paid Under Section 80GG of Income Tax Act by which they can reduce their taxable income and hence their tax payments. However, there are various deductions that taxpayers are aware of and can take advantage…

Introduction In today's society, Trademark infringement is widespread. People in all walks are adopting a Trademark that is deceptively similar to somebody else's trademark. With the increase in trade and economy, as well as the aging process, diverse intellectual property (IP) issues occur. Either of these difficulties is the labeling…

All About the Annual Information Statement (AIS) - Income Tax Department initiates a new function and makes an update in Form 26AS, this update in Form 26AS which provides extensive information is called the Annual Information Statement (AIS). It is a type of extensive view of information that shows information…

The two sides of a coin are profit and loss. Losses, of course, are difficult to accept. However, the Income-tax law in India does afford some benefits to taxpayers who suffer losses. Let us understand the Provisions of set off and carry forward of losses and their principles. Set-off and…

In the current climate, the cosmetics industry is not only thriving in India, but it is also predicted to grow in the next five years. Businesses involved in herbal cosmetics will also continue to promote the expansion of the beauty sector in 2018. In India, awareness of cosmetic goods and…

Union Budget of 2021 amends the Income Tax Act of 1961 ("Act") to prohibit depreciation on an organization’s goodwill. The Income Tax Act prohibits depreciation on self-generated goodwill. From 01st February 2021, devaluation on utilizing goodwill of an ownership interest will be not being permissible. Goodwill is specifically immune from…

We agree that Return Filling Process for tax audits can sometimes be tough, particularly the cases since you are youth and have just received a few Income returns. Nevertheless, the benefits of the same are way more than the amount of time needed to submit it. And it is the…