IndiaLaw by assureOffice

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Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.

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312 articles
GST on TV AC Electronics, Claim GST on Appliances, 18% 28% GST Rates, ITC Business Use, Croma Bill

How to Claim GST on TV, AC & Office Electronics: Rates (18% vs 28%), Input Tax Credit Rules, Croma/Vijay Sales Billing, and Business Use Defense

A comprehensive commercial and tax advisory guide on claiming GST on commercial televisions, air conditioners, and office electronics. Explains 18% vs 28% GST rates under HSN 8415 and 8528, Input Tax Credit (ITC) eligibility under Section 16(1), business premises address matching, B2B billing at Croma, Vijay Sales, and Amazon Business, personal use disallowances, and income tax depreciation.

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GST on Laptop Purchase, Claim GST on Computer, 18% GST Rate, Input Tax Credit, MacBook Invoicing

How to Claim GST on Laptop & Computer Purchase: ITC Benefit for Freelancers & Businesses, Rates (18%), Amazon/Flipkart/Croma Invoicing

A comprehensive operational and financial guide on claiming GST on laptop and computer hardware purchases. Details the 18% GST rate under HSN 8471, Input Tax Credit (ITC) eligibility under Section 16, B2B purchasing workflows on Amazon Business, Dell, Apple, and Croma, the 40% Income Tax depreciation synergy, and Capital Goods disposal rules.

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Foreign Office Establishment (LO, BO, PO vs Subsidiary)

Branch Office (BO), Liaison Office (LO) & Project Office (PO) in India vs Wholly Owned Subsidiary: RBI Master Directions, FEMA, MCA & Tax Guide

A comprehensive practical guide to establishing and operating a Branch Office (BO), Liaison Office (LO), or Project Office (PO) in India versus a Wholly Owned Subsidiary, covering RBI Master Directions, FEMA regulations, MCA Forms FC-1 to FC-4, Form 49C, and permanent establishment tax risks.

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Section 194-IA TDS on Property, 1% Rate, ₹50 Lakh Limit, Form 26QB Challan, Joint Buyer Rules

TDS on Sale of Property under Section 194-IA: ₹50 Lakh Threshold, 1% Rate, Form 26QB Challan, and Joint Buyer/Seller Rules

A comprehensive property transaction and tax compliance guide on Section 194-IA of the Income-tax Act, 1961. Details the mandatory 1% TDS on immovable property purchases exceeding ₹50 Lakh, the radical Budget 2024 amendment clubbing joint buyer/seller thresholds, Stamp Duty Value (SDV) vs agreement value interplay, club charges and car parking inclusion under Section 194-IA(2), Form 26QB filing workflows, Form 16B certificate generation, and late filing penalties under Section 234E.

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Form 15CA 15CB Filing Guide, Section 195 Foreign Remittance, DTAA Rates & CA Certification

Form 15CA and Form 15CB Step-by-Step Filing Guide: Determining Taxability, Applicable DTAA Rates, and Bank Uploads

A comprehensive international tax and banking compliance guide on executing foreign outward remittances from India. Explains Section 195 withholding tax rules, the 4-part Form 15CA structure, mandatory Chartered Accountant Form 15CB certification, DTAA treaty relief under Section 90(2), TRC and Form 10F prerequisites, Section 195A grossing-up math, and Authorized Dealer (AD) bank submission workflows.

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CMA Data, Working Capital Assessment, MPBF, Cash Credit, Tandon Committee, Current Ratio

How to Prepare CMA Data for Bank Working Capital (CC/OD): Tandon Committee Ratios, MPBF, and Holding Norms

A comprehensive financial engineering and credit appraisal guide detailing how to build professional Credit Monitoring Arrangement (CMA) data for bank cash credit and overdraft limits, calculating Maximum Permissible Bank Finance (MPBF) under Tandon Committee methods, setting holding norms, and defending financial ratios.

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FEMA NRE, NRO, FCNR(B) & SNRR Accounts, Permissible Debits/Credits, Repatriation & TDS Section 195

FEMA Non-Resident Bank Accounts: NRE, NRO, FCNR & SNRR Guide

Comprehensive cross-border banking masterclass on non-resident accounts under FEMA (Deposit) Regulations, 2016 and RBI Master Directions. Compares Non-Resident External (NRE), Non-Resident Ordinary (NRO), Foreign Currency Non-Resident FCNR(B), and Special Non-Resident Rupee (SNRR) accounts, analyzing permissible credits, the USD 1 Million repatriation scheme, Section 195 TDS, and Form 15CA/15CB.

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Section 10AA: Special Economic Zone (SEZ) Export Profit Deduction, Form 56F & Parity Principle

Section 10AA Special Economic Zone (SEZ) Deduction: Export Profit Formula, Form 56F & Audit Guide

An exhaustive corporate tax guide to claiming export profit deductions under Section 10AA for Special Economic Zone (SEZ) units, analyzing the 15-year phased tax holiday, the Supreme Court HCL Technologies parity formula, Form 56F audit certification, SEZ Reinvestment Reserve mechanics, MAT interplay, and Form 3CD disclosures.

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Section 194S Crypto TDS, 1% Withholding, ₹50,000 / ₹10,000 Limits, P2P Trades, Form 26QE & Circulars

Section 194S TDS on Virtual Digital Assets (Crypto): Limits, Exchange Withholding & Form 26QE Guide

Exhaustive practitioner guide to Section 194S TDS on transfer of Virtual Digital Assets (VDAs) and cryptocurrencies under the Income-tax Act, 1961. Explains the 1% withholding rate, ₹50,000 threshold for specified persons vs ₹10,000 for other buyers, peer-to-peer (P2P) transfers, crypto-to-crypto barter withholding mechanics, Indian vs foreign exchange compliance, Challan-cum-statement Form 26QE, Form 16E issuance, and reporting with assureTax, assureITR, and assureNotice.

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Trade Credit Regulations 2018, Supplier's Credit vs Buyer's Credit, Capital Goods vs Non-Capital

FEMA Trade Credit for Imports: Supplier's & Buyer's Credit Framework, USD 50M Limit, SBLC Guarantees & Form TC Guide

Comprehensive technical masterclass on cross-border Trade Credit for imports under FEMA, 1999 and RBI Master Directions. Explains Supplier's Credit vs Buyer's Credit mechanics, the USD 50 Million automatic route ceiling, 1-year raw material vs 3-year capital goods maturities, post-LIBOR SOFR benchmark spreads (+350 bps), SBLC guarantee issuance, IDPMS tracking, Form TC reporting, and compounding with assureFinancials and assureNotice.

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Expatriate Taxation in India: Secondment Agreements, Service PE, Shadow Payroll & Section 192 TDS

Expatriate Taxation in India: Secondment Agreements, Dual Contracts, Shadow Payroll & Section 192 TDS Guide

An exhaustive international tax and global mobility guide to expatriate taxation in India, analyzing residential status tests u/s 6, the Supreme Court Northern Operating Systems (NOS) secondment ruling, Service PE exposures, Section 195A tax equalization gross-up, Section 192 salary TDS, and DTAA Article 15 relief.

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Section 144B Faceless Assessment, Draft Orders, Virtual Hearing, Natural Justice & High Court Writs

Faceless Assessment under Section 144B: Draft Orders, Video Hearing & SCN Defense Guide

Exhaustive practitioner guide to Faceless Assessment under Section 144B of the Income-tax Act, 1961. Details the NaFAC workflow, mandatory Show Cause Notice (SCN) issuance before adverse additions, virtual personal hearing rights via video conferencing, quashing orders violating natural justice, CBDT SOP compliance, and faceless e-proceedings defense with assureNotice.

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