Permanent Establishment Certificate A permanent establishment is a fixed place of business through which a company carries out its business activities, such as an office, branch, factory, or workshop. The requirement for a PE certificate may vary depending on the tax laws and regulations of each country. In some cases, this certificate may… Read More »
15CA/CB Compliance 15CA/CB compliance involves adhering to the legal obligations established by the Indian government regarding the transfer of funds from residents to non-residents. It involves the submission of Form 15CA and obtaining Form 15CB to ensure proper reporting and taxation of cross-border transactions. To achieve 15CA/CB compliance, the following steps need to be… Read More »
TDS Compliance Meaning TDS compliance meaning entails adhering to the regulations outlined in the Income Tax Act, 1961, pertaining to Tax Deducted at Source (TDS).. It involves the proper deduction, deposit, and reporting of TDS by the deductor (the person responsible for making specified payments) to the tax authorities. TDS compliance encompasses several aspects, including:… Read More »
Indirect and Direct Tax Indirect and Direct tax is a type of tax that is imposed on the income or wealth of an individual or entity. It is called “direct” because the tax is levied directly on the person or entity that is liable to pay it. The tax liability cannot be shifted to… Read More »
Legal barter transaction Legal barter transaction, Yes, GST (Goods and Services Tax) may be levy on a legal barter transactions done between two companies. According to the GST Act, any supply of goods or services made for a consideration in the course of business or commerce is taxable, including barter transactions. The value of… Read More »
GST in India Co-working spaces have become popular in India, especially among freelancers, startups, and small businesses. They offer flexibility, cost-efficiency, and the opportunity to work in a dynamic, shared environment. However, as with any business arrangement, questions arise about legal liabilities, especially when it comes to taxes, such as the Goods and Services Tax… Read More »
