Tax & Accounting

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  September 17, 2021 by India Briefing Reading Time: 9 minutes
  

  Tax and Audit Deadlines in India in 2021

  Key tax deadlines in India in 2021, including tax reporting dates, deadlines for audit compliance, and relevant dates for tax and finance obligations.
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  August 24, 2021 by India Briefing Reading Time: 6 minutes
  

  What is GST in India? Tax Rates, Key Terms, and Concepts Explained

  Read to know about the key terms and concepts under the GST system in India, and the revised GST rates.
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  August 13, 2021 by India Briefing Reading Time: 7 minutes
  

  GST Compliance Requirements, Offenses, and Penalties under India’s GST Regime

  We list the GST compliance requirements under the CGST Act, 2017, steps to ease the burden on taxpayers, and penalty provisions for non-compliance.
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  August 11, 2021 by India Briefing Reading Time: 5 minutes
  

  Calculating Income Tax for Foreign Nationals in India

  In India, an individual’s income is taxed at graduated rates, depending on the person’s duration of stay in India and their income level.
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  August 10, 2021 by India Briefing Reading Time: 4 minutes
  

  India’s Parliament Approves Bill to End Retrospective Taxation, Amend Tax Law

  After recent setbacks with Cairn Energy and Vodafone, India’s lower house of parliament approved an amendment bill on August 6 to end retrospective taxes.
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  August 4, 2021 by India Briefing Reading Time: 2 minutes
  

  New Tax E-Filing Deadlines in India: Check List to See if it Applies to You

  India extends e-filing due dates for specific forms under Income Tax Act, 1961. We list the forms affected and new tax reporting deadlines.
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  July 20, 2021 by India Briefing Reading Time: 6 minutes
  

  What are the Tax Implications for Cryptocurrency Assets in India?

  Cryptocurrency transactions in India may attract tax liability, but the rules remain unclear as the RBI has not yet granted it the status of a legal tender.
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  July 13, 2021 by India Briefing Reading Time: 3 minutes
  

  India’s New Rule for Computation of Short-Term Capital Gains to Increase Tax Liability for Businesses

  Rule 8AC details the method of computing STCG and written down value for businesses that obtained depreciation on goodwill in FY 2020-21.