Tax | Imas

Foreign Liabilities and Assets Return (FLA): A Manual for Indian entity

In India’s financial landscape, compliance with regulatory frameworks is crucial for smooth business operations, especially for foreign inve

The more you give employment – The more you gain – Section 80JJAA

To foster employment in India, the Hon’ble Government of India has introduced section 80JJAA of the Income-tax Act, 1961 (‘the Act’).

GST Letter of Undertaking (LUT): A Complete Guide

Are you familiar with India’s essential export regulations? If you receive payments from abroad in foreign currency, you are exempt from...

Value of Supply under GST (Goods and Services Tax) Model Laws

Supply Definition: As per the Act, Supply means all forms of supply of goods or services, e.g., sale, transfer, barter exchange, lease, disp

Demystifying Tax Audits: Exploring Section 44AB of the Income Tax Act

Introduction Tax audit is a crucial aspect of the Indian income tax system, governed by Section 44AB of the Income Tax Act, 1961. It is a...

Section 194R: Tax Deductible on Perquisite or Benefit in Business

Introduction TDS（Tax Deducted at Source） under section 194R was introduced in the Union Budget 2022, and it was made effective from 1st...

How Payroll Services Can Help Your US Company Expand into Global Markets?

Are you looking to expand your company into the global market but unsure of how to navigate it? In this article, we’ll discuss how...

Tax Implications on NRIs stranded due to Covid

As India imposed the world's biggest lockdown to non-residential Indians (NRIs), who had been visiting the country were unable to return...