Changes in a company’s share capital are common during its growth and expansion phase. However, any modification — whether increasing authorized capital, issuing new shares, or restructuring shareholding — requires strict compliance with the Companies Act, 2013 and reporting to the Registrar of Companies (ROC) within the prescribed timelines. Here’s a clear breakdown of the […]
What is Double Taxation? Double taxation occurs when the same income is taxed twice. This commonly happens when: A company’s income is taxed at both corporate and personal levels. In international trade or investments, when income earned in one country is also taxed by another country. For Non-Resident Indians (NRIs), this can lead to paying [...]
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What is TDS? Tax Deducted at Source (TDS) is a mechanism where the payer (typically a business) deducts tax at the time of making specified payments—such as salary, rent, contractor fees, or professional services—and deposits it with the government on behalf of the recipient. 🔹 What is TCS? Tax Collected at Source (TCS) applies when [...]
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Are you a Non-Resident Indian (NRI) planning to sell property in India? Or a resident Indian buyer purchasing property from an NRI? Understanding the tax implications and TDS (Tax Deducted at Source) compliance is crucial for a smooth and legally compliant transaction. This article provides a quick-reference guide covering the most important rules and steps [...]
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