Payments to Banks and Non-Banking Financial Companies (NBFCs), usually in the form of Interest, Commission, Loan Processing Fee/Charges, etc have often been contested at various forums with the Revenue fighting for their...

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TCS on sale of scrap was introduced by the Government as a measure to ensure the availability of data in rather unorganized sectors of the Economy. However, over time this has ended...

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It has always been the Government’s endeavor to widen the tax base and ensure that more and more people file their tax returns in time. A number of steps have been used...

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Non-Resident Indians often need to keep an account in India, in order to meet expenses for their parents, or for investments in India or for their retirement planning or for various other...

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It has often been observed that different organisations follow different methods of accounting for Payroll. While there is no set formula or rules for the same, the ease and adaptability of the...

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Finance Act 2020 had introduced Sec 206C (1H) – which compelled the seller of goods to collect TCS on sale to eligible buyers subject to certain conditions. Amidst a lot of hue...

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