Permanent Establishment Certificate Permanent Establishment Certificate: A ” typically refers to a document issued by tax authorities to confirm that a foreign company or entity does not have a permanent establishment (PE) in a particular country. A permanent establishment is a fixed place of business through which a company carries out its business activities,… Read More »
15CA and CB certificate The 15CA and CB certificate are documents required by the Indian government for certain types of international transactions. Here’s an explanation of each certificate: Form 15CA: This form is a declaration of remittance under Section 195(6) of the Income Tax Act, 1961. It is require for any payment or transfer of… 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 As a member of a co-working space, you may not be legally liable for any tax issues like GST in India unless you register as a business or an individual taxpayer. The liability for GST or other taxes depends on the nature and scope of your business activities, your turnover and your… Read More »