#foreign account tax compliance Archives

Understanding Section 85B of the Income Tax Act: Deduction of Tax on Dividends from Foreign Companies

Post author:vineet
Post published:September 26, 2024
Post category:Blog
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In today’s global economy, many Indian companies engage in cross-border transactions, sharing their intellectual property, knowledge, and expertise with foreign entities. As a result, dividends earned from foreign companies have…

Read more about the article Understanding Section 80LA of the Income Tax Act: Deductions for Offshore Banking Units and International Financial Services Centres

Understanding Section 80LA of the Income Tax Act: Deductions for Offshore Banking Units and International Financial Services Centres

Post author:vineet
Post published:September 23, 2024
Post category:Blog
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As India strives to establish itself as a global financial hub, incentives for financial institutions play a key role in attracting investment and promoting growth. Section 80LA of the Income…

Read more about the article Understanding Section 58 of the Income Tax Act: A Comprehensive Guide to Non-Deductible Amounts under ‘Income from Other Sources’

Understanding Section 58 of the Income Tax Act: A Comprehensive Guide to Non-Deductible Amounts under ‘Income from Other Sources’

Post author:vineet
Post published:September 6, 2024
Post category:Blog
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When computing income under the head "Income from Other Sources," it is essential to understand the provisions that disallow certain expenses from being deducted. Section 58 of the Income Tax…

Understanding Section 85B of the Income Tax Act: Deduction of Tax on Dividends from Foreign Companies

Understanding Section 80LA of the Income Tax Act: Deductions for Offshore Banking Units and International Financial Services Centres

Understanding Section 58 of the Income Tax Act: A Comprehensive Guide to Non-Deductible Amounts under ‘Income from Other Sources’

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