If you’re managing or advising units in an International Financial Services Centre (IFSC), here is the Quick Reference: 🚀 The Core Shift: Since Jan 1, 2024, Form 15CD has changed how we report overseas remittances. It’s a win for ease of doing business because it moves us away from transaction-by-transaction reporting for non-taxable amounts. ✅ Quick Summary of Applicability: Who : Every IFSC unit (u/s 80LA(1A)) making payments to non-residents or foreign companies. What : A

Sections 392 and 393 of the Income Tax Act 2025 (effective from April 1, 2026) bring together various Tax Deducted at Source (TDS) provisions into a new framework. Section 392 addresses TDS on salary and accumulated PF balances, while Section 393 serves as a comprehensive section for TDS on payments to residents such as interest, rent, commission, and professional fees, replacing more than 40 older sections. Provided a summary of the comparison between the TDS Section of the

The labour landscape in India is set for a historic transformation with the new Labour Code taking effect in November 2025. These reforms will impact employers, employees, and HR professionals alike. Understanding the updates is crucial for smooth workplace navigation and compliance. This guide breaks down the most important changes and their practical implications. ⏱ Updated Working Hours & Other Rules Working Hours : Capped at 8–12 hours per day and 48 hours per week. Basic

The implementation of the Goods and Services Tax (GST) in July 2017 was a game changer for India's taxation system. As the government...