Impact of TCS on Payment for International Transactions
Tax Collected at Source (TCS) at 20% on international usage of credit / Debit / Forex cards or Foreign exchange exceeding INR 7 lakhs, from July 1, 2023. ...
Taxability of Virtual Digital Assets - An Overview
The Article lay emphasis on defining the Virtual Digital Assets (VDAs) and their taxability under the new provisions of the Income Tax Act. Income from transfer of any VDA shall be taxable at the rate of 30%.Further, the government proposes that with effect from July 1, 2022, tax is to be deducted on payment for transfer of VDA to a resident at the rate of 1% of consideration. ...
ESG – Redefining a new era of Investment
In recent times the ESG (Environment, Social and Governance) Investments have attracted wider attention from both investors and customers worldwide. These kinds of investments largely follow a triple – bottom – line approach that combines financial returns with environmental and social norms. In India the assessment of policy and legal pronouncements around ESG investing unravels some interesting patterns and paths. Businesses that understand the need to adjust to changing socioeconomic and environmental conditions are better positioned to spot growth advantages and handle competitive forces. ...