GAFA is an acronym used to denote the firms which are being taxed under this tax levy. GAFA stands for Google, Apple, Facebook and Amazon.
Read MoreWith an objective of enforcing stringent FCRA regulations and to bring more transparency, control and accountability, The Foreign Contribution (Regulation) Amendment Act 2020 has been notified by the Central Government on 29 September 2020, to amend certain provisions of the Foreign Contribution (Regulation) Act 2010.
Read MoreAs part of the measures to address the tax challenges posed by the increased digitalization of the economy, an "Equalisation levy" was introduced by the Finance Act, 2016 on certain non-resident businesses. W.e.f June 1, 2016 a levy was charged at the rate of 6% of the amount of consideration for specified services received or receivable by a non- resident from
Read MorePlace of Supply holds an important place under GST regime. Nature of supply needs to be determined to know the place of Supply. Nature of supply can be classified as inter-state supply or intra-state supply.
Read MoreAccumulation of Input Tax Credit occurs when the tax paid on inputs exceeds the output tax liability. In such a case, the excess amount has to be carried forward to the next financial year, so it could be used to pay the output tax liability by the registered individual. The GST Law also permits refund ofunutilised ITC in certain cases.
Read MoreUnion Budget 2025 – A synopsis about the tax and compliance reforms
By: Priyanka Jain
6th February, 2025
Income Tax Clearance Certificate for travel outside India
27th August, 2024
By: Vidhi Vora
28th March, 2023
By: Mr. Prasanna Ravikant Bhat
7th February, 2023
Certificate in Form 10BE for Claiming Deduction u/s 80G
By: Mr. Prasanna Ravikant Bhat
27th May, 2022
Profession tax enrollment and registration - Applicability in Maharashtra State
By: Mr. Prasanna Ravikant Bhat
19th March, 2021
Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")
By: Nikita Theresa Noronha
16th December, 2020
Using file systems to enhance performance of Income Tax Business Application (ITBA)
17th December, 2019
Income Tax Compounding Fees - 276CC Offences - Nonfiling of returns
13th November, 2019
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