Section 206C (1H) - TCS on sale of goods & some practical aspects

Introduction – As per Income Tax Act, 1961, certain persons are required to collect tax from their buyer at specified rate on specified transactions. In order to widen and deepen the tax net, it is proposed to amend section 206C to levy…
India turning digital

India Turning Digital - The Government Policies And Reality Check

In a country where every seventh person on the earth resides, it cannot happen that there’s only one big news, covering one person out of a billion, for a complete month, especially when we are talking about 2020 – the pandemic year. There…

Old Is Gold, But Gold Never Old? - ‘Gold As An Investment’ Explained

Unlike the west, celebrations are a big thing in India, especially weddings. Like spring and autumn, Indian weddings also have seasons based around the same time, and it’s not just a big family get-together, but also a huge marketplace for…

Do Product Bansserve The Purpose Portrayed?Explained

This is not the first time the topic has made headlines. Time and again ‘Ban Chinese Products’ has been used as a slogan in many speeches and discussions. However, for the first time, it is the Government who has officially called a ban…

The ‘Lemonade Recipe’ - Decoding The Blockbuster IPO

Take a glass of chilled water, add a little lemon juice, salt to taste, and enough sugar to make sure that the drink is potable. Stir the contents well, and ta-dah! A sweet-sour refreshing drink which is non-carbonated, healthy and pure delight…

Lock The People And Unlock The Economy, Time To Go Digital

Firstly, they forced us to stay inside home, and now forcing everyone to step out of house and bring back normalcy. The Government could have done better, with the resources it has at its realm. On January 30, India announced it’s the first…
Decriminalizing cheque bounce

Decriminalizing Cheque Bounce - Removing Hurdle Or Adding New?

The Announcement Ministry of Finance has announced that it intends to decriminalize a list of 39 minor offences relating to 19 different laws which are not serious in nature, however, the punishment is punitive. Their rationale is, if we stop…

All you need to know about Advance Pricing Agreements

There’s never really a phase in life where we aren’t awaiting some sort of results. We give some sort of test and await results while someone else is assessing our performance. It’s anerve-racking phase where we travel the world of possibilities…

Safe Harbour Rules – How to keep your Transfer Price ‘Safe’?

“Earth is flat like a mat, it’s a disc, not sphere,” says Flat Earth Society. Do you ever wonder which is the last thing that humans unanimously agreed on? We have opinions and they differ, sometimes even radically. Therefore, we raise…
Business Set up in India

How to finance your business setup in India?

People wonder how entrepreneurs discover amazing ideas and start new ventures they couldn’t even think of. Did this question cross your mind too? Let me spill the beans – the ideas are right in front of you, it’s just that your perception…