Taxation of cryptocurrency and virtual digital assets in India was announced in the Union Budget 2022-23 and have come in effect from April 1, 2022.
India’s GST regime continues to seek ways to bring transparency and efficiency to the indirect tax collection system.
We list key GST changes in India, which impact the scope of Supplies and enforcement mechanisms, withdraws concessions, introduces input credit restrictions, etc.
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. This article aims to help you determine your tax liability on gains arising from the transfer of property or financial assets in India.
We highlight key points of India’s goods and services tax regime and address GST applicability on overseas transactions by providing some case studies.
On January 11, 2022, the Central Board of Direct Taxes informed the further extended due dates for filing tax audit reports and income tax returns for AY 2021-22.
The Annual Information Statement launched by India’s tax department captures data from 46 financial transactions to make tax filing compliances easier.
We explain dividend taxation in India, where from FY 2020-21 onwards, the tax incidence of dividends now falls on the shareholder instead of the company issuing the dividends.