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Do you really need to worry about media reports that “Angel Tax Haunts Startups again”?
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Dec 19, 2018
The start-up community is again buzzing about notices from the Income Tax Department and yesterday there were media reports stating, “Ang...
PM Modi says 99% items to be put under 18% or below slabs
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 19, 2018
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government ...
I-T Department working on pre-filled ITR Forms – Curse to Software Products?
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Dec 18, 2018
Filing of income tax return for assessment year 2018-19 has so far risen 50 per cent since last year and the number corporate taxpayers h...
Free pharma samples come under GST lens
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 18, 2018
Top executives of India’s $37-billion pharmaceutical industry have a new destination on their frequent travel plan – Kanpur. The dire...
GST Slab May be Slimmed Down, Non-Luxury Items May be Taxed 18%
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 18, 2018
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government ...
Tamil Nadu woman held for Rs 43 crore fake GST invoices for availing input tax credit
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 17, 2018
A woman director of three companies has been arrested and remanded to judicial custody for alleged receipt and issuance of fake GST inv...
Buyers are now expected to go for completed properties post more clarity on GST
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 17, 2018
The government has cleared the air on the applicability of the Goods and Services Tax (GST) for buildings and ready-to-move-in flat...
Back office operations may attract 18% GST – Impact Analysis of the AAR ruling on businesses
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 15, 2018
Background India boasts of more than USD 50 Billion worth of annual Outsourcing Industry, growing at a pace. Business Process Outsour...
IT department warns people over refund phishing scam
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Dec 15, 2018
The Income Tax department of India has warned people about a new phishing scam being shared via SMS, which promises a refund for ta...
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