Benefits and Drawbacks of Being PIO and OCI
August 2, 2019
Benefits and Drawbacks of Being PIO and OCI Around 30 million Indians are dwelling across the foreign countries. Whatever is their reason to relocate, eventually, they have to give up their residential status. But there are different validations that decide their status. For instance, the person who spends at least 182 days or 365 days […]
Future of Indian Immigration
August 2, 2019
Future of Indian Immigration Globalisation, which helps businesses expand into new international markets, is eroding nation’s virtual borders through the Internet and blurring its geographic borders as the global mobility of resources and people is on the rise. The increased movement of people into and from India is shaping India’s immigration and visa requirements. Before […]
How NRIs Send PoA from Abroad and Use its Attested Copy in India?
August 2, 2019
How NRIs Send PoA from Abroad and Use its Attested Copy in India? What if you are in urgent need of selling your Indian property but unable to visit India? What if you want to exchange your Indian currency notes from abroad? What if you as an NRI want to name your property in Sydney […]
Immigration Laws in India
August 2, 2019
Immigration Laws in India Although human migration has existed for hundreds of thousands of years, immigration in the modern sense refers to movement of people from one nation-state to another, where they are not citizens. Immigration implies long-term permanent residence by the immigrants. Tourists and short-term visitors are not considered immigrants. However, seasonal labour migration […]
Difference Between GPF, EPF, And PPF
August 1, 2019
What Is The Difference Between GPF, EPF, And PPF? There are several saving schemes offered by the government which includes GPF, EPF, and PPF. Knowing about the interest rates and the benefits of saving schemes would be of great help to employees and common people. You must know about the employer and employee contribution to […]
Capital Gains Tax India: Budget 2019 announcement!
August 1, 2019
Capital Gains Tax India Amendments to Section 54 – Capital Gains Exemption Assessees can get an exemption by investing long term capital gains from the sale of house property in up to two house properties against the earlier provision of investment in one house property with same conditions. However, the capital gains on the […]
Importance Of GST Compliance Rating Check
August 1, 2019
Importance Of GST Compliance Rating check The GST is in the process of steering India towards greater heights from 1st July 2017. Never before has there been such a huge tax reform in India. The GST is also bringing in new concepts like time of supply, mixed and composite supply and most importantly the GST […]
‘Exhausting’ Patent Rights in India: Parallel Imports and TRIPS
August 1, 2019
‘Exhausting’ Patent Rights in India: Parallel Imports and TRIPS India’s amendment to her patent regime in 20051 to introduce pharmaceutical product patents attracted unprecedented attention, both domestically and globally. While multinational pharmaceutical companies were concerned that the Act withered away their exclusive rights, civil society activists decried the new product patent regime, fearing that it […]
Taxation – LOSS BY EMBEZZLEMENT OR THROUGH DEFALCATION
August 1, 2019
Taxation – LOSS BY EMBEZZLEMENT OR THROUGH DEFALCATION Introduction The provisions of section 28 of Income-tax Act deal with income chargeable to tax under the head “Profits and Gains of Business or Profession” and section 29 indicates that the income referred to in section 28 shall be computed in accordance with the provisions contained in […]
TAXATION – IMPACT OF NEW CLARIFICATIONS ON DDB & STRIPS
July 31, 2019
TAXATION – IMPACT OF NEW CLARIFICATIONS ON DDB & STRIPS What will be the impact of new clarification with regard to tax treatment of income from Deep Discount Bonds and STRIPS ? The CBDT had earlier clarified vide its Letter F. No.225/45/96-ITA dated 12-3-1996 ( reported in 88 Taxman 146) that in case of Deep […]
DECODING THE NEW BUSINESS VEHICLE OF INDIA: THE LIMITED LIABILITY PARTNERSHIP
July 31, 2019
DECODING THE NEW BUSINESS VEHICLE OF INDIA: THE LIMITED LIABILITY PARTNERSHIP Sahil Singhal & Vishal Nair Considered to be a convenient hybrid between a partnership and company, the Indian limited liability partnership is a business association that merges certain advantages of a partnership with those of a company. This paper traces the evolution of this […]
Forming A Company In India
July 31, 2019
Forming A Company In India The Companies Act of 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company, unlimited companies being relatively uncommon. A company is formed by registering the Memorandum and Articles of Association with the State Registrar of Companies […]
GETTING A LEG-UP IN LEGAL
July 31, 2019
Increasing Diversity by Increasing Access (IDIA), an initiative to improve diversity among India’s elite law schools. Across the world’s business markets, the legal profession is stuffed to the brim with the cream of corporate minds, the elite of the elites. But, in India, that wasn’t always the case. Despite being the first chosen career of […]
Benefits Of Filing ITR Even When Income Is Below The Exemption Limit
July 31, 2019
Benefits Of Filing ITR Even When Income Is Below The Exemption Limit The last date for filing the ITR (Income Tax Return) for the FY (Financial Year) 2018-19 is July 31, 2019. However, there is a category of people who need not file their returns compulsorily even though they have earned some type of income […]
Tax Savings: 8 Excellent Ways To Save Tax In India
July 31, 2019
Tax Savings: 8 Excellent Ways To Save Tax In India Knowing the various methods through which a person can save tax can come really handy while submitting IT returns. This features dives into elucidating the most common and apparent strategies an employee can wield to reduce their tax liability in a financial year. In order […]