Introduction: Financial Compliance and Optimization In today’s globalised economy, businesses face a myriad of challenges when it comes to navigating the intricate landscape of duties, taxes, and financial regulations. From import/export duties to VAT/GST compliance and customs regulations, staying on top of these complexities is crucial for success. That’s where Duties Taxes Group (DTG) … Read more
Introduction:- Best Section 40A(2) of income tax act addresses payments made to relatives and associated individuals. It stipulates that if an assessee incurs expenses intended for payment to a specified person, and the Assessing Officer deems such expenditure excessive or unreasonable in relation to the fair market value of the goods, services, or facilities provided, or … Read more
Introduction: Understanding Income from Contributions can be a complex affair for trusts and institutions, especially when it comes to reporting income from contributions. Understanding the nuances of this aspect is crucial for ensuring compliance with tax regulations while maximizing the benefits available. In this blog, we’ll delve into the intricacies of reporting income from contributions … Read more
How To Get TDS Refund Introduction: How To Get TDS Refund Tax Deducted at Source (TDS) is a mechanism through which the government collects tax at the source of income generation. Sometimes, taxpayers end up depositing more TDS than necessary, leading to a TDS refund. In this blog, we’ll delve into the intricacies of TDS … Read more
Introduction : Income deemed to accrue or arise in India to accrue or arise in India Segment 9 of Income tax act, 1961, relates to the income deemed to accrue or get up in india. As per section 9 of the Income tax act 1961 , the earnings is considered as ‘accruing or springing up … Read more
