Tag Archives: #TaxRegulations

What are the tax implications for an individual who becomes a non-resident after 5 years of residency but continues to run a proprietorship business in India?

International taxation

International Taxation International taxation, Taxability of non-resident individual with active business in India If an individual who was a resident of India for 5 years and running a proprietorship business in India becomes a non-resident, the taxability of their business income in India will depend on the source of the income and the residential status… Read More »

What taxes apply to dividends in India and how do they work?

Drawbacks of a single member LLC

  💥 What taxes apply to dividends in India and how do they work? 🎯 You’re here because you’ve probably asked             yourself What taxes apply to dividends in India and how do they work? “Do I need to pay tax on the dividends I receive?”“How exactly are dividends taxed in… Read More »

Is TDS deductible on interest, due to late payments to creditors?

TDS on Interest on late payment

Is TDS Deductible on Interest Due to Late Payments to Creditors? Introduction Tax Deducted at Source (TDS) is an essential part of the Indian taxation system, ensuring that taxes are collected at the point of income generation. Businesses often face situations where they make late payments to creditors, leading to interest liabilities. This raises the… Read More »

What are Bookkeeping and Accounting services for a businesses Financial Management?

Bookkeeping for Financial Management   Bookkeeping for Financial Management services that help businesses keep track of their financial transactions and ensure their financial records are accurate and up-to-date. Here is an overview of bookkeeping and accounting services for businesses: 1. Bookkeeping: Bookkeeping involves the day-to-day recording and organizing of financial transactions such as sales, purchases,… Read More »