July 31 is the last date for filing tax returns on income earned in the previous financial year. In this article, we discuss India’s system of income tax collection.
Gratuity is governed by the Payment of Gratuity Act 1971. Read on to learn about the tax exemption and calculations of gratuity for employees in India.
India has made it easier to claim angel tax exemption on funds raised by startups. Read to know if the new rules benefit the overall startup environment in India.
This article explains the processes a foreign-invested enterprise in India can expect to undergo during a statutory audit, and what companies need to know and prepare to make the audit process go smoothly.
India introduced the e-way bill system under GST in April, 2018 to ensure greater tax transparency and a hassle-free movement of goods from one state to another. Here, we discuss the system and its registration process.
Back-office support services in India will not qualify as exports but intermediary services, and will be liable to 18 percent goods and services tax (GST)
India China sign protocol to amend the double tax avoidance agreement to check tax evasion by multinational companies. Read to know more.
In India, an individual’s income is taxed at graduated rates, depending on his/her duration of stay in India and income level. In this article, we outline the rates and calculation methods for both income sources, and summarize common deductions and inclusions in income for expatriates working in India.