The bustling city of Delhi is also the financial powerhouse of the country wherein the Income Tax Return (ITR) filing consultants play a crucial role in helping individuals and businesses comply with tax regulations. The role of an ITR filing consultant extends far beyond the simple act of filing taxes; it involves navigating a complex…
The Income Tax Return, or ITR, as it’s commonly known, is an official document that you should file every year as per government regulations. While it might seem like another tedious government requirement, filing your ITR is necessary if you want to avoid some severe consequences. If you desire to learn more about this topic…
Non-resident taxpayers are required to furnish a Tax Residency Certificate (TRC) issued by the tax authorities of their country of residence as proof of their residence in the said country. TRC provides information such as nationality, status, tax period, tax identification number, and address of the non-resident taxpayer. If any of the prescribed information is…
In India, tax litigation is like a maze that takes up much of the judges’ time. This is because of the complicated, constantly changing legislation and structural flaws. Aside from that, there are variations in rules and jurisdictions depending on the sort of tax. The finance ministry has 1,59,240 cases outstanding in which it is…
The handling of accounting or tax management practices of companies as well as private individuals is a difficult task that requires maximum precision. By relying on GST compliance outsourcing, you will receive an impeccable tax and commercial assistance service. Tax advice is changing- and with it the profession of a tax advisor. Instead of traditional…
The tremendous potential to make a business run at a global level has broken the barrier. This has led to the adoption of a broad horizon in promoting the business worldwide. Therefore, it is clear that even if there is an issue in one part of the globe the factors of production and demand get…
India has a very complicated tax structure and even more complicated dispute resolution system. The system gives a tax-payer opportunity to go against the tax department for any grievance via appeals at various levels starting from Commissioner (Appeals) to the Supreme Court, which is the Apex Court in India. As a result, there is a…
With the advent of Financial Year 2020-21, dividend taxation in India has completely gone upside-down. The new provisions have again asked the recipient of dividend to pay taxes instead of the company who was distributing the dividends. The changes in the Income tax law which brought the above change are as under: Dividend Distribution Tax…
The Finance Act, 2020 has introduced several modifications in the Indian taxation thereby enlarging the scope of applicability of TCS provisions. AKGVG & Associates has summarized the amendments brought about in TCS provisions by the Finance Act, 2020 for ease of understanding. On sale of goods W.e.f. 1st October 2020, all sellers (with sales exceeding…
