The Finance Act 2022 introduced Section 194R which relates to the deduction of tax on benefits or emoluments connecting businesses or professions. Businesses, companies, or entities often extend various types of perks and benefits to their distributors, distribution partners, agents, or resellers to motivate and incentivize them to support the further growth of the business….
The Central Board of Indirect Taxes and Customs (CBIC) has made it mandatory to generate and quote a DIN on any communication issued by CBIC officials to taxpayers and other concerned persons from 8 November 2019 vide Circular No. 122/41/ 2019. Issuance of certain communications without a DIN is permitted under certain specific circumstances, however…
As an Indian taxpayer, you always understand that you have to pay 20-25% tax on your income but we need to know that for salaried employees also some expenses allow deductions and exemptions, and allowances. If you find suitable financial instruments, you can reduce the income tax payable to employees. For the very first time…
Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department. Under this, the responsible person is supposed to deduct a certain percentage of the income as tax before making the payment to the beneficiary. Payment includes salary, commission, professional fees, interest, rent, etc. This article discusses on TCS Rate Chart for…
Insider trading refers to trading based on non-public material information that significantly affects the price of a company’s shares when realized using this source. In many countries, insider trading is not legal and offenders are severely prosecuted. However, the nature of material information concerning the internal and external environment has led to different laws and…
A Trademark is an identity of a company, service, or product. These marks are used to distinguish the business from others and are considered Intangible assets of the owner. Businessmen and Entrepreneurs use such marks to help their services stand out with Individuality and for the public to recognize their brand without any confusion with…