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Types of Audit

Which Audits does my company require to undergo? What is an audit? Audit is an appraisal of the area under audit. It’s an independent assessment throwing light on the compliant nature of the company and also states the non compliances. The various types of audits are as below – Statutory audit under new Companies Act? […]

Union Budget 2019 – Proposed Amendments to Direct Tax

We have provided the Direct Tax Concessions laid down in the Budget 2019 by the Union Minister acting Finance Minister Shri Piyush Goyal.  The Budget aims at providing relief to small taxpayers particularly the salaried class who are recognized to be the most honest class of taxpayers.  The current Government’s intention of extending rewards to […]

Tax withholding on foreign remittances

Does my company make foreign remittances/payments? What are the important documents for me to be aware of? When is it required to withhold tax on foreign remittance? The sum payable to a non resident or a foreign company is income in the hands of the non resident / foreign company. If this income is chargeable […]

New Pension Scheme

Looking for employee benefit schemes? This is relevant to you. What is New Pension Scheme (NPS)? NPS is a retirement benefit scheme, the fundamental objective of which is to offer social security to the country men based on the scheme that one ought to save a certain amount for his welfare which he gets back […]

Union Budget 2018 – Proposed Amendments to Direct Tax

Corporate tax Tax Rate reduced from 30% to 25% – for micro, small and medium enterprises having turnover between 50 crore to Rs 250 crores (turnover to be considered is for financial year 2016-17). Education cess increased – The “education cess on income tax” and “secondary and higher education cess on income tax” shall be […]