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…

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…

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…

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…