With the Budget session behind us, there is a tumult across the industry around the nitty gritties of the amendments made and its impact in the existing legislation. The theme “Sab Ka Vikas Sab KaSaath” has been kept in mind while presenting the budget 2017 which has an inclusive agenda and is balanced and well…
Assessment Year 2015-16 is slowly fading away. I hope, with the short extension in due date to 31.10.2015 for tax audit filings, each one of you has been able to meet the deadline for annual tax filings. I also hope that those of you falling under the transfer pricing regulations would be able to make…
Moving one step forward in tracking foreign assets and black money stashed overseas, the Government of India has introduced The Black Money Act, 2015. It provides for one-time compliance (OTC) opportunity to pay 60% tax and penalty, legalize in India undisclosed assets and income held abroad by Indian residents and escape stringent provisions of the…
Victor Hugo once said, “No power on earth can stop an idea whose time has come”. The introduction of the Goods and Services Tax (GST) is one such idea, a key fiscal reform, eagerly awaited by India Inc. GST would be one of the most significant fiscal reforms of independent India. Central taxes like, Central…
