In today’s global business environment, international transactions are no longer limited to large corporations. From startups receiving foreign investment to SMEs engaging in overseas trade, many Indian businesses are now part of the global financial ecosystem. With this global exposure comes the responsibility of complying with FEMA (Foreign Exchange Management Act) and the regulatory framework […]
Category Archives: Uncategorized
24
Oct
Oct
Central Board of Direct Taxes have extended the due dates for filling of Income Tax Returns on Saturday, 24th October, due to the constraints faced by the taxpayers due to COVID -19 pandemic. Along with the direct taxes filing date the dates for filing annual GST Returns and GST audit for FY 2018-19 has also […]
26
Aug
Aug
Introduction of Section 80EEB of Income Tax Act,1961 With the intention to encourage people to buy Electrical Vehicles, Deduction under section 80EEB was introduced on interest on loan taken to purchase Electric Vehicle. Quantum Of deduction Under the section, lower of the following is available as deduction Actual Interest paid on loan. 1,50,000/- Eligibility This […]
