The Delhi Income Tax Appellate Tribunal (ITAT) has allowed the appeal of TPF Getinsa Euroestudios SL Spain’s (Head Office) project office in India, stating that the reimbursement of deputed employees’ costs to a non-resident head office on the basis of time spent on an engineering consultancy contract shall not be subjected to tax deduction at …
Sohna Road in Gurgaon is a bustling hub that has emerged as a prime destination for business and leisure travelers alike. Located just off the National Highway-48, the road stretches from Badshahpur to Bhondsi and is dotted with numerous residential and commercial complexes, making it an ideal location for both business and leisure travelers. Sohna …
Golf Course Road is one of the prime locations in Gurgaon, a rapidly developing city in India. It is known for its high-end residential complexes, commercial spaces, and most notably, its golf courses. Due to its luxurious and posh lifestyle, many people aspire to live on Golf Course Road. However, renting a property on this …
Continue reading “The High Cost of Living on Golf Course Road in Gurgaon”
Golf Course Road in Gurgaon is known for its luxurious residential properties and high-end commercial spaces. It is one of the most sought-after locations in Gurgaon due to its proximity to the golf course, top-class infrastructure, and easy connectivity to major parts of the city. Investing in property in Golf Course Road can be a …
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Golf Course Road is a well-known and popular location in the city of Gurgaon. It is a prime destination for both residential and commercial purposes, with several luxurious properties, high-end restaurants, hotels, and shopping centers. It is also home to some of the most prominent corporate offices in the city, making it a prime location …
Filing income tax returns is an important responsibility for every individual or business owner who earns an income. It is a legal obligation mandated by the government, and failure to comply with it can result in penalties and legal action. In this article, we will discuss the importance of filing income tax returns for the …
Real estate is a lucrative investment avenue that has been popular among investors for decades. In India, real estate is a major contributor to the country’s GDP and has shown significant growth in the past few years. However, with the growth of the real estate sector, the government has also introduced various tax regulations, including …
Continue reading “Capital Gain Tax on Real Estate Property in Gurgaon”
Income tax returns (ITR) are a crucial part of any individual’s financial planning. It is mandatory to file ITR if you have earned any capital gains during the financial year. Capital gains can be earned from various sources such as shares, mutual funds, properties, etc. In this article, we will focus on ITR filing in …
Continue reading “Provisions of Income Tax on Capital Gain Income and Due Dates of Filing ITR”
As the new financial year has begun, the Income Tax Return (ITR) filing season has started. Businesses in Gurgaon and Faridabad need to be prepared to file their ITR and gather all the necessary documents required for the process. Businesses in Gurgaon and Faridabad are required to file their ITR irrespective of whether they have …
Continue reading “ITR filing for Businesses in Gurgaon and Faridabad for FY 2022-23 (AY 2023-24)”
The Policy Circular No. 1/2023 dated April 17, 2023 by the DGFT has introduced a procedure for Advance and EPCG authorization holders to apply for an Amnesty scheme for a one-time settlement of default in export obligation. The Public Notice No. 02/2023 dated April 01, 2023 specifies the following steps for filing the application: RAs …
