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Offences under GST
Goods & Services Tax by Yuvraj on Jun. 21, 2017Introduction of GST is going to make life very tough for tax evaders. The government has developed a comprehensive set of activates and practices which would be categorized as an offence under GST. Each of these would attract different penalty as per the severity and nature of offence.
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The Concept of FPI in Income Tax Law
Income Tax by Kanishka Mehta on Jun. 16, 2017Are you a unit holder of FPI??? Or a novice in the arena of Foreign Portfolio Investment?? Income tax laws treat the unit-holders of FPI and FPI itself as separate entities...Since they are separate entities, tax treatment will not be alike for both of them… In this write up, an attempt has been made to understand in simple lucid language, the taxability of both, the investor of FPI and FPI..
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How rich used to abuse tax treaties with Singapore, Malaysia….
Income Tax by Arpit Kakar on Jun. 16, 2017Everyone wants to save on taxes, including the rich….The rich guys always find some loophole in tax laws, for its advantage….They will find, as they pay crores of rupees to their tax consultants to save taxes…. Do you have any idea about the modus operandi (method) used…..
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Equalisaton Levy: May Not Be Applicable on You!
Income Tax by Arpit Kakar on Jun. 20, 2017Equalisation levy is the first important step taken by government to tax digital economy transactions….So in my previous article, we understood why the tax authorities introduced the concept of equalisation levy…...Endeavouring in this journey further, here is some comforting news...I found few exceptions in the provisions of equalisation levy….These exceptions might help you to avoid payment of this levy.
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