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All companies incorporated in India must comply with the rules and regulations laid down by the Indian government. Foreign-owned subsidiary companies, however, have additional compliance requirements compared to domestically owned…
A Net Worth Certificate is an official financial document that provides a detailed snapshot of an individual’s or company’s financial health at a specific point in time. It lists all…
The earlier VAT and service tax system in India was complex due to the presence of multiple taxes, extensive compliance requirements, and the issue of tax cascading. The introduction of…
Understanding the provisions of the Income-tax Act, 1961 is crucial for consultants to ensure proper compliance and effective tax planning. Familiarity with the applicable tax rules helps consultants manage their…
Being a freelancer in India means handling more than just client work and deadlines—you also need to deal with tax compliance, especially when you earn from international clients. Foreign payments…
The presumptive taxation scheme makes income tax compliance easier for small businesses, professionals, and freelancers by allowing them to declare income at a fixed percentage of turnover, without the need…
TDS on Sale of Property by NRIs in India When an NRI sells property in India, the profit earned is classified as capital gains. The type of capital gain—short-term or…
Managing finances across countries can be challenging for Non-Resident Indians (NRIs). With over 15.85 million NRIs worldwide, keeping track of income earned both in India and abroad is crucial. One…
NRI Return to India Consultancy In an increasingly interconnected world, many Indian citizens explore opportunities abroad for work, education, or business. Non-Resident Indians (NRIs), along with Persons of Indian Origin…
Family trusts in India play a crucial role in protecting wealth, planning succession, and optimizing taxes. Many families use them to secure assets, ensure smooth transfer of wealth across generations,…