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Highlights of Union Budget 2021-22

Highlights of Union Budget 2021-22

24 February 2021
Please find below Highlights of Union Budget 2021-22.General1. First digital Budget in the history of India2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle…
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Supreme Court: Daughters have equal rights in inherited property

Supreme Court: Daughters have equal rights in inherited property

20 August 2020
Since ages, the Hindu society has been a patriarchal society. This has also been reflected in the laws of the land. The Hindu Succession Act, 1956 which governs the inheritance…
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Are you a Resident or a Non-Resident in India? What changed in FY 2020-2021?

Are you a Resident or a Non-Resident in India? What changed in FY 2020-2021?

08 June 2020
Are you a Resident or a Non-Resident in India? What changed in FY 2020-2021? Among the global pandemic, and the unfortunate effects it might have on the economy, the Finance…
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DIRECT TAX PROPOSALS – BUDGET 2020

DIRECT TAX PROPOSALS – BUDGET 2020

06 February 2020
DIRECT TAX PROPOSALS – BUDGET 2020 Hon’ble Finance Minister Smt Nirmala Sitharaman presented the Budget on Saturday, February 01, 2020. The Budget seeks to provide momentum to the buoyancy in…
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What is Tax Residency Certificate (TRC) and what is its importance?

What is Tax Residency Certificate (TRC) and what is its importance?

06 February 2020
TRC is the certificate issued by the respective country’s tax department that a person is a tax resident of that country. TRC is usually issued for a specific period. Why…
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What do you mean by Double Taxation Avoidance Agreements (DTAA) and what is its importance?

What do you mean by Double Taxation Avoidance Agreements (DTAA) and what is its importance?

06 February 2020
DTAA are tax treaties entered by the Government of India with various countries to provide relief from double taxation. Generally all the country tax laws state that: The global income…
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Can an NRI / Foreign national open a bank account in India in absence of Permanent residence in India?

Can an NRI / Foreign national open a bank account in India in absence of Permanent residence in India?

06 February 2020
Bank accounts for NRI / PIO / OCI: An NRI / PIO / OCI can open 3 types of accounts in India: a) NRE account i.e. Non-resident External account: It…
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Can an NRI / foreign national start a business in India?

Can an NRI / foreign national start a business in India?

06 February 2020
The rules for doing business in India by an NRI / foreign national are governed by the Foreign Exchange Management Act, 1999 (FEMA) and the Foreign Direct Investment (FDI) policy.…
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What is the difference between NRI, PIO and OCI?

What is the difference between NRI, PIO and OCI?

06 February 2020
Non-resident Indian (NRI): NRI is the residential status of an Indian citizen with an Indian passport who is residing in a foreign country for business / work / education /…
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When does an Indian resident person become an NRI? How is tax residency determined in India?

When does an Indian resident person become an NRI? How is tax residency determined in India?

07 January 2020
Strictly asserting with regards Income Tax, NRI or Non-resident Indian is not legal term defined in the Income Tax Act, 1961. The Income tax Act only speaks as to the…
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Virtual CFO Services – Need of the Hour

Virtual CFO Services – Need of the Hour

02 August 2019
Virtual CFO Service provides businesses which have a finance / accounts team but does not have an in house CFO, who is the financial partner in the growth. Having a…
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GST compliance checklist for your business

GST compliance checklist for your business

02 August 2019
Is your Company GST ready? Even after almost 2 years from application of GST, many businesses ask this question to themselves. With monthly changes and weekly notifications issued by the…
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What records must be maintained under GST?

What records must be maintained under GST?

02 August 2019
Goods and Services Tax (GST) is a tax reform that will eliminate India’s major indirect taxes – Excise, Service Tax, and VAT. However, record-keeping and reporting requirements under GST contain…
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Company Formation in India

Company Formation in India

24 July 2019
If you want to conduct your business in the most structured format, private limited company is your answer to it. As Private Limited companies is governed by Companies Act, 2013,…
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