Advisory Services on Drafting of Will & Asset Distribution
We offer expert advisory on drafting Wills and managing asset distribution to ensure your legacy is protected. Our guide covers legal requirements, types of Wills, and succession laws for various religions in India, helping individuals navigate the complexities of estate planning and inheritance with clarity and legal certainty.
Withholding Tax on Rent (Section 194-IB)
We provide a concise overview of Section 194-IB regarding TDS on rent payments exceeding Rs. 50,000 per month by Individuals and HUFs. Our guide simplifies compliance, covering 5% withholding rates, Form 26QC filing requirements, and interest penalties for defaults, ensuring tenants and landlords meet their Indian tax obligations efficiently.
Rule 37BA — Credit for Tax Deducted at Source (TDS)
We at B.D. Jokhakar & Co. explain Rule 37BA of the Income Tax Act, 1961, which governs how TDS credit is claimed when the income on which tax is deducted is assessable in the hands of a person other than the deductee — such as dividend income clubbed in a parent’s return for a minor […]
TDS On Purchase Of Goods For Certain Tax Payers
We at B.D. Jokhakar & Co. explain the provisions of Section 194Q, introduced by the Finance Act 2021, which requires buyers with turnover exceeding Rs. 10 crores to deduct TDS at 0.1% on purchases of goods above Rs. 50 lakhs from a resident seller, effective 1st July 2021. We cover the applicability conditions, rate of […]
Analysis of Section 9B of Income Tax Act, 1961
We provide a technical analysis of Section 9B, exploring tax implications when a specified entity distributes capital assets or stock-in-trade to partners. Our guide clarifies deeming fictions, Fair Market Value (FMV) considerations, and the interplay between business income and capital gains during firm dissolution or reconstitution.
International Taxation & Global Developments
We offer a broad macro-outlook on international tax challenges, including MLI amendments, BEPS 2.0, and POEM regulations. Our guide covers critical updates on FATCA, CRS, and withholding tax changes for royalties and FTS, helping Indian companies implement sound global growth strategies while ensuring full cross-border compliance.
Domestic Transfer Pricing (SDT) in India
We provide an in-depth analysis of Domestic Transfer Pricing (SDT) in India, covering legal frameworks, Arm’s Length Price (ALP) determination, and compliance requirements. Our guide details documentation, penalty implications, and Form 3CEB issuance, helping businesses navigate related-party transactions and tax-efficient strategies effectively.
Private Limited Company – An Introduction
We present a detailed guide on Private Limited Companies in India, covering incorporation, legal structures, and statutory compliance. Our overview includes insights into MOA/AOA, Board of Directors’ duties, shareholder meetings, and CSR obligations, ensuring businesses understand their regulatory requirements and operational benefits effectively.