BRIEF INTRODUCTION A new section was inserted in the Income Tax Act 1961, named section 194Q, and the same was introduced in Budget 2021-22, which relates to payment of TDS for purchase of goods. Under this section, a person, being a buyer paying any sum to any resident seller for purchase of any goods of the …
CRYPTO REGULATION Bitcoin, blockchain, crypto, regulations, governments, bans, unworthy, revolutionary, such a large amount of news articles on the topics, none with any real worldwide summary. Every country has their own recognition and legality towards bitcoin and its technology. The blockchain here could be a little résumé of what’s currently happening when governments face bitcoin. CRYPTOCURRENCIES IN REGULATORY SANDBOX Nasscom is …
GST Has a Positive Impact on the Real Estate Industry. One of the most important pillars of the Indian economy is the real estate industry. The real estate industry contributes between 6 and 8% of India’s GDP and ranks second only to the IT industry in terms of job creation. With multiple taxes previously applicable, …
Registration of Nidhi Company Do you want to establish a loan or finance company in India? Then you’ve come to the right place since the Nidhi Company is the simplest and most cost-effective way to establish a loan business in India. The Nidhi Company can be started with just seven people and a few simple …
How to obtain Multiple GST No in a single State or UT? In India, any business entity with an annual turnover of more than Rs 20 lakh is required to register under the GST legislation. Registration under GST entails obtaining a 15-digit unique identification number GSTIN, which is encrypted with the applicant’s PAN (Permanent Account …
GST PROVISIONS ON OIDAR (ONLINE INFORMATION DATA BASE ACCESS AND RETRIEVAL) With the rapid technological developments, businesses are nowhere restricted by geographical borders. Internet is the most easy and affordable means for providing services abroad. Such services are facilitated through several mechanisms, which are put in conjunction with business activities, to deliver services outside India. …
FAQ on Applicability of Income Tax Provision to Non-Residents This Article defines the importance of residential status of a person for determining the taxability of the income in his hands of individual, HUF, Company or any other and how to determine the same, will a person holding Indian citizenship be treated as a resident in …
FAQ on FCRA Registration with prior permission Q.: What is the right approach to get Prior Permission? The procedure for obtaining Prior Permission is quite similar to the one for registering. An applicant must fill out and submit a Form 3B together with the necessary papers to receive Prior Permission from the Ministry of Home …
Annual Return (FC-4) under FCRA 2010 FCRA Return Filling: The Foreign Contribution Regulation Act (FCRA) of 2010 is implemented by the government to make it legal for individuals and organizations registered in India to receive unauthorized grants and contributions from foreign businesses that are adverse for the country’s interests. Each entity receiving any contribution or …
Online FCRA Registration Process, Documentation, Eligibility BRIEF INTRODCUTION NGO is a non-governmental organization which is a non-profit group perceived to be a body of individuals or an association of persons. Such entity serves as the community or society, for overcoming the social or political aspect or problem. They operate outside the government control and is …