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Form 10F and Related Tax Provisions: Latest Amendments in Income Tax Simplified to understand

Introduction Form 10F– A very important document for individuals or entities receiving income in India while the receivers, based in any country with which India has signed a Double Taxation Avoidance Agreement (DTAA). This very form helps the taxpayer to avail the treaty benefits such that he will not be levied with taxes twice on […]

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Tax Notices for Undisclosed Dubai Assets – What Indian Investors Need to Know

With the world now more intertwined than ever, every tax authority around the globe remains vigilant towards offshore investments and assets. The Indian tax department is sending notices these days to Indians who keep undisclosed properties in Dubai. This move came following the exchange of information between the UAE and India over the ownership of

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Succession Planning, Take Business to the Next Level

Business is a constantly changing world, but one element in business remains constant: change. There are few dynamics of organizations growing, leaders retiring, employees moving forward to new roles, and leadership teams constantly changing in some form. Amidst all this change for any organization, business continuity is a critical objective, and succession planning is the

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Equalization Levy or Google Tax

Introduction E-commerce companies provide a platform where supply and procurement of goods and services takes place digitally. Consequently, it has resulted into an evolution of various new business models, where huge business transactions are made and availed through telecommunication network. Inadequacy of such a tax regime governing income generated through  digital business transactions has posed

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International Financial Reporting Standards (IFRS)

Meaning As the name suggests, IFRS is a set of standards suggesting how to report financial statement at international level. While maintaining company’s account, preparing and reporting financial statement, these standards must be followed in practices of accounting. Standards of Financial Reporting were designed to provide a common set of rule to be followed by

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