What is an Indian PAN Card Number? The Permanent Account Number (PAN Number India) is the income tax identification number for identifying a taxpayer . A foreign company, which derives taxable income from India may also need to apply for Indian PAN Card, unless it is specifcally exempt from filing tax return in India. Further, … Read more
Dividend, in ordinary sense, is payment made by a company to its shareholder, out of profits earned by the company, in proportion to the ownership of the shareholder. Tax on dividend income in India, depends on the following factors : – Rate of tax applicable on recipient – Individual, company, firm etc ; Whether recipient … Read more
Demergers in India is undertaken to separate a business unit from a business structure, for reasons such as focusing on core operations or unlocking value for shareholders. Introduction to Demergers in India According to Section 2(19AA) of the Income Tax Act, 1961, demergers refer to a form of corporate restructuring wherein: One or more business … Read more
Section 27 of the Income Tax Act provides cases, wherein, certain individuals, who are not the legal owners of a property, are deemed owner of house property, and income from such property is taxed in their hands. The following cases are covered under this Section : – Transfers of a house property to the spouse … Read more
I. Introduction to Form 10F Form 10F income tax , is an online Form, which is required to be filed by foreign companies, foreign companies, Limited Liability partnerships, LLC, individuals and other taxpayers. This Form is required to be filed online on the website of the Indian income tax office, after creating an account thereon. … Read more
Steps to use the Income Tax Calculator An income tax calculator can be used to calculate taxes for different categories of taxpayers for different assessment year. Most of the calculators require prior knowledge of income tax to calculate the right amount of taxes. In order to use the calculator, the following steps should be undertaken (See … Read more
UAE Corporate Tax Law Procedures The UAE’s Federal Tax Authority (FTA) has released a comprehensive guide that outlines the UAE Corporate Tax Law Procedures which detail the tax administrative and enforcement procedures necessary for the effective implementation of the UAE Corporate Tax Law . As of March 1, 2023, the Decree Law on Tax Procedures … Read more