Archive for June, 2019
Tax Implication for NRIs selling property in India
There are fair amount of deals now a days where Non Resident Indian often sell their inherited or buyed property in India .There is fair amount of confusion regarding capital gain aspects and Tax deducted at source on these transactions . NRI who are selling their house property have to pay capital gain tax which
Read MoreNEW INCOME TAX RETURN FORMS NOTIFIED
The number of changes notified in the Income Tax Return Forms for the FY 2018-19 is probably the highest in the recent times . Several changes have been made in the forms seeking additional details, which will help in automatically validating or cross-checking the income and other details that the tax authorities may have from
Read MoreValuation of securities under Income Tax Act or Company Law
There has been a lot of confusion with regard to who is eligible to value and under what circumstances under Income Tax Act or Companies Act 1956 . The Ministry of Corporate Affairs (MCA) has notified the provisions governing valuation by registered valuers section 247 of the Companies Act, 2013 (the Act)] and the Companies
Read MoreACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION (ACTIVE)
Active Company Tagging Identities and Verification (ACTIVE).- Every company incorporated on or before the 31 December,2017 shall file the particulars of the company and its registered office, in E-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019. If not filed than Company become “Active Non Compliant” After 25.04.2019 penalty of Rs.10,000 is
Read MoreESOP TAX INCIDENCE
ESOPs are taxed at 2 instances –At the time of exercise – as a perquisite.When the employee has exercised the option, basically agreed to buy; the difference between the FMV (on exercise date) and exercise price is taxed as perquisite. The employer deducts TDS on this perquisite. This amount is shown in the employee’s Form
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