With the rise of virtual digital assets like cryptocurrencies and tokens, investors are turning to these assets as an alternative form of investment. However, the taxation of these assets can be complex, particularly with regard to Tax Deducted at Source (TDS) provisions. In this blog post, we will provide a guide to TDS provisions on …
Category: Taxation
Indirect Tax and Tax Technology in India – Evolution and Adoption of a Digital Backbone
The indirect tax ecosystem in India is moving into a phase of technological development with an aim to further the principle of ‘Doing Business with Ease’. The adoption of technology is now an integral part of our regular lives, and leveraging this fast-growing revolution, the government has also introduced and adopted several windows through which …
5 Tax Saving Techniques You Need to Pay Attention to
Each year taxpayer is required to file their Income Tax Return (ITR). The Income tax return comprises the information of your annual income along with the payable tax which you require to file. Under different sections of the Income Tax Act 1961, there are some tax rebates and exemptions are being provided by the Government …
What is Indirect Tax?
Indirect tax is a tax that can be accepted on to another individual or unit. Indirect tax is usually levied on suppliers or manufacturers who pass it on to the final consumer. Excise duty, Custom duty, and Value-Added Tax (VAT) are some of the examples of Indirect taxes. Indirect Tax in India Here are numerous …