On 19 December 2023, CBDT released a notification to amend safe harbour rules (SHR) in India. The amendments aim to change the definitions of intragroup loans and operating expenses/revenue and the scope of intragroup loans effective from 1 April 2024. Change in definitions: Intragroup loans:...
IndiaThe Government of India submitted the 'Direct Taxes Code' Bill, 2010 the Parliament in August, 2010. The Code, expected to come into force from the next financial year i.e. 1st April 2012, is not just a regular amendment but replaces all the existing direct tax laws in India. The...
Finally, service tax may be charged on certain types of payments, including those made to companies providing certain services. It is important that you check the exact rules and regulations applicable to your specific situation before sending money to India. In conclusion, understanding all the pot...
Divorce Rules in India: Everything You Need to Know The Indian Divorce Act governs divorce among the Christian couples in India. Divorce... PAN Card Cancellation Online When an individual has more than a single PAN card, it may lead to that person being heavily penalised, or worse,... ...
The need for improvements in budgetary practices led to the enactment of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which ushered the Indian economy in an era of fiscal consolidation based on fiscal policy rules. Tax reforms introduced by the Government since 1991 have helped...
The GST Council finalizes tax rates,GST rules, and compliance guidelines. The Cabinet approves four supplementary GST bills, which pass in both the Lok Sabha and the Rajya Sabha. July 1, 2017: GST officially launches across India, replacing multiple indirect taxes with a unified “One Nation, ...
I find online resources available in Taxmann portal very comprehensive as it displays real-time updates on tax news, circulars, notifications and amendments to various fiscal regulations. Also, the Taxmann portal facilitates browsing of various Acts and Rules at the click of a mouse and provides ...
Focuses on the improvement in aircraft lease rentals in India and the substantive increases in leasing costs in the country. Factors attributed to the greater demand for aircraft leases as compared to supply; Extension of the rules governing the use of foreign pilots to ease pilot shortage; Possi...
Tax (India GST).version.62.115.217.xml KB#4094699 Taxable Document.version.63.xml Taxable Document (India).version.63.116.xml Tax (India GST).version.63.116.218.xml Support GST on project module Microsoft Dynamics 365 Finance (8.0) GA configuration 7.3 with KB#4094699 and KB#4135145 ...
To enter India tax rate rule for GST: Go to Setup > India Localization > GST Tax Rate Rules. ClickNew Tax Rate Rule. In theSubsidiary Registration Typefield, select the subsidiary’s registration type. In theAvailable Onfield, select the type of transaction to which this rule applies. ...