The taxation system in India is governed by Income Tax Act,1961. Among various provisions, Section 194Q and Section 206C is crucial in regulating tax collection at source (TCS) and tax deducted at source (TDS). Although, these sections aim at collecting taxes from specific transactions, they differ in
Read more →
Revised due dates under the Income Tax Act, 1961 amid corona virus spread. The government has passed an ordinance on 31st March, 2020 to relax the various due dates for compliances, deposit of tax with reduced interest rates, making investments, completion of proceedings etc. which are falling
Read more →
Multilateral Instruments (MLI) and Its impact on India What is MLI? Multilateral instruments (MLI) stands for Multilateral convention to implement tax related measures to prevent base erosion and profit shifting. This instrument is contained in action plan 15 of BEPS Project. The MLI allows jurisdictions to swiftly
Read more →
