Compliance services

Industry-Specific TDS Issues: Case Studies and Best Practices

Introduction TDS compliance is not a one-size-fits-all solution. Different industries, such as manufacturing, media, and technology, face unique challenges when dealing with foreign remittances. This blog dives into real-world case studies, uses figures to provide clarity, and offers practical steps to ensure smooth compliance while avoiding tax disputes. Key TDS Challenges by Industry 1. Manufacturing:…

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Cross-Border Consulting Payments: TDS Applicability Explained Overview

In today’s globalized economy, companies frequently engage non-resident consultants for services ranging from IT advisory to legal opinions. While such arrangements boost operational efficiency, they also trigger TDS liability under Indian tax law, particularly under Section 195 of the Income-tax Act, 1961. This blog simplifies the taxability of cross-border consulting payments, with practical case studies,…

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Common Difficulties in filing Tax Audits | Darshak Shah

Explore common challenges in tax return filing and audit with insights from Tax expert Darshak Shah 📋 Coverage of the Webinar: ✔️ Applicability Issues ✔️Case Study 1: Clause 34A & 21(b) ✔️ Case Study 2: GAAR clause 30C Demerger of a loss making company and merging it with the profit making company ✔️ Case Study…

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Union Budget Analysis 2023 – Direct Tax Provisions

Join renowned speaker Darshak Shah as he analyzes the direct tax provisions of the Union Budget 2023 in an insightful webinar hosted by Taxguru Platform. Taking place on February 11th, 2023, from 11:00 AM to 1:00 PM, this webinar will delve into key aspects of the budget’s impact on taxation. Topics covered include changes in…

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Discussion on Corporate Tax & Impact of Budget 2023

In this YouTube video, CA Darshak Shah and Kshitij Sheth engage in a comprehensive discussion on the impact of the Union Budget 2023-24 on corporate taxes, the Indian economy, and the financial markets. With the presentation of the budget by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, on February 1st, 2023,…

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WEEKLY UPDATES

1. Companies are set to get alerts and showcause notices from the Registrar of Companies (RoC) whenever they default on a statutory filing obligation. 2. CBDT amends Rule 17 & Form 10 providing accumulation of income by entity approved u/s 10(23C) Notification No. 96/2022, dated 17-08-2022. Under the provisions of the Income-tax Act, trust or…

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