Overview of India Taxation
The government’s authority to levy taxes in India is derived from the Constitution of India, which gives the central and state governments the power to levy taxes. Taxes levied in India must be backed by an accompanying law passed by the Parliament or the State Legislature. Here is a thorough overview of India’s taxation. Read more
How to Register for GST in India
Realizing how to register for GST in India is compulsory for businesses providing goods and services in different states of India. Before registering for GST, do make sure to have the necessary documents ready. You can ask for and consult for a checklist from our advisors at 3E Accounting. Read more
GST Registration in India
Goods and Services Tax (GST) is an indirect tax charged on the supply of goods and services. GST exists to simplify the collection of taxes that were once imposed by Value Added Tax (VAT). GST registration in India is not a complicated process as its concept is grasped easily by business all around India. Read more
India Withholding Tax Guide
The income subjected to withholding tax varies from one country to another. In India, the withholding tax is unique. Find out more from this India withholding tax guide to ensure you get an idea of its extent. Read more
Personal Income Tax in India
Individuals in India, earning an income are commonly subjected to tax. Technically, if you are an Indian citizen earning an income, local or global, you have to pay tax. Read more
Overview of Goods and Services Tax (GST) in India
Countries with a complicated tax system have finally made economic reforms to ensure each country’s economy is sustainable. A densely populated country like India is also taking the step to reform its tax system for the supply of goods. Read more
Department of Revenue in India
Department of Revenue is the federal agency responsible for handling revenue created from the taxation of citizens and business. This department is also liable for the collection of a wide variety of taxes. Read more
Income Tax Department in India
The Income Tax Department (ITD) is a government agency undertaking direct tax collection of the Government of India which ITD is governed under the Department of Revenue of the Ministry of Finance. Read more
Permanent Account Number (PAN) in India
A quick informational checklist from 3E Accounting about the Permanent Account Number (PAN) in India. Read more
Tax Incentives in India
Tax incentives play a major factor when an investor decides which country he or she wants to set up their business in. In India, these are the local incentives you need to keep in mind. Read more
Tax Avoidance and Evasion in India
Generally, what is the purpose of setting up a business? The ideal answer we get is to be part of an industry and gain better knowledge through business management. Most of the time, this is true. Read more
Capital Gains Tax in India
If you are residing or doing business in India and you own certain assets, those assets could be liable for capital gains tax. The amount of tax you would pay depends on the asset in question. Read more
Double Tax Treaties in India
Currently, 94 countries have an accord with India on taxable income matters. These agreements are known as double tax treaties in India, and they provide tax relief measures. Double taxation treaties are a great tool to foster international collaborations. While it does not preclude paying taxes, it does put a cap on taxable income. Read more
India Stamp Duty
When transferring, purchasing, selling, or leasing a property, owners must add legitimacy to the transaction. In India, this is done by stamping and registering the relevant documents. he registration charge comes in between 0.5% to 3% of the market value. Read more
