Learn about the new income tax returns (ITR) forms for financial year (FY) 2018-19 and assessment year (AY) 2019-20 as well as their applicability.
Indian subsidiaries of US multinational corporations (MNCs) will no longer have to locally file the country-by-country (CbC) reports of their international group in India. Read to know more.
Income tax returns in India must be filed by the deadline of July 31, 2018, where the income earned during FY 2017-18 will be accounted for. Filing after the deadline will incur penalties.
The latest issue of India Briefing Magazine – “Audit in India”, is available for download from the Asia Briefing Publication Store.
The composition scheme under the Goods and Services Tax allows SME suppliers of goods (intrastate) to file their GST returns at a fixed rate. We discuss the advantages and challenges of the scheme.
India has has Double Tax Avoidance Agreements with over 85 countries under Section 90 of the Income Tax Act
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.