Corporate Social Responsibility
We at B.D. Jokhakar & Co. provide a comprehensive guide on Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013. We cover CSR applicability thresholds, mandatory 2% spending requirements, treatment of unspent funds, CSR committee obligations, permitted activities under Schedule VII, regulatory filings (CSR-1 and CSR-2), implementation methods, and income tax implications […]
Withholding Tax on Purchase of Immovable Property (Section 194-IA)
We provide a comprehensive overview of Section 194-IA, detailing TDS obligations for the purchase of immovable property exceeding INR 50 lakhs. Our guide explains the 1% withholding rate, recent Finance Act 2024 amendments regarding joint owners, and compliance through Form 26QB and Form 16B to ensure a seamless property transaction process.
Remittance Certificates for Transfer of Funds (Form 15CA & 15CB)
We provide a detailed overview of the regulatory requirements for remitting funds from India to non-residents under Section 195(6). Our guide explains the mandatory filing of Form 15CA and the role of Chartered Accountant certification in Form 15CB, ensuring transparency and compliance with Rule 37BB for all cross-border money transfers.
Withholding Tax on Payments to Non-Residents (Section 195)
We offer a vital guide on Section 195, covering TDS obligations for payments to non-residents. Our analysis includes withholding rates under the Finance Act versus DTAA, MLI impacts, and compliance through Form 15CA/15CB. We help businesses navigate complex cross-border tax regulations while avoiding heavy penalties and interest for non-compliance.
Taxation of Virtual Digital Assets (VDA) in India
We provide a comprehensive analysis of the tax framework for Virtual Digital Assets (VDA) in India, including cryptocurrencies and NFTs. Our guide details the 30% flat tax on transfer gains, 1% TDS requirements, and the specific rules regarding airdrops, mining, and the non-set-off of losses to ensure full regulatory compliance.
Tax Treatment of Perquisites in India
We provide a comprehensive analysis of perquisite taxation in India, detailing the valuation and taxability of non-cash benefits like rent-free accommodation, concessional loans, and stock options. Our guide explains Section 17(2) regulations, helping employers and employees ensure accurate salary computation and statutory compliance for diverse fringe benefits.
Taxation Of Dividend Received By Foreign Holding Companies
We provide a comprehensive guide on the taxation of dividends paid by Indian subsidiaries to foreign holding companies. Our overview explains the shift from DDT to shareholder-level taxation, treaty benefits under DTAA, withholding tax obligations (Section 115A), and compliance requirements like Form 15CA/15CB for cross-border profit repatriations.
Taxability of Dividend Income for Individuals & HUF
We provide an essential guide on the taxability of dividend income for Individuals and HUFs under the latest Indian tax regimes. Our analysis covers slab rate applications, TDS requirements, expense deductions, and the implications of deemed dividends under Section 2(22)(e), ensuring taxpayers navigate the shift from DDT to shareholder-level taxation effectively.