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

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Finance...

We all know that March 31, 2019 is the last day of the Financial Year 2018-2019 (Assessment Year 2019-2020), Following is the list of...