Brooks - A Payroll Specialist, Since 1999

The government is likely to expand the scope of the equalisation levy, the so-called “Google tax”, to bring more digital transactions into the tax net in the upcoming budget to curb tax avoidance by multinational chartered accountant firms in mumbai . Online sales of goods and services; downloading of software, songs, movies and books; and online consumption of news are among the services that the government may consider for the levy. “Internationally the trend is to bring more digital transactions into the tax net as multinational companies end up avoiding taxes. It was just a beginning last year when we introduced a six per cent tax on online advertisement,” said an official. The government has imposed a six per cent levy for business-to-business transactions on income accruing to foreign e-commerce companies from India for specified services like online advertisement. It has been imposed on non-resident companies without a permanent establishment for incomes...

In order for many business to be more productive efficient and profitable while saving on money and resources has been one of the famous options that even large companies find hard to resist. One respect of business that is being outsourced today is outsourcing payroll processing , which is said to be most time-consuming and costly task of running a business. Effective business management can be achieved through outsourcing since you will significantly reduce the amount of work you will face while you take care on sales and marketing for your company to be even more successful and profitable. Outsourcing an aspect of the business will help you streamline and integrate various processes within your company. You have specific requirements difference from other companies operating within your industry. But the bottom line here is that you will definitely benefit if you want to significantly reduce the overall administrative cost of running a business. So what can you make...

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Ruling out rollback of the proposal to restrict tax incentive for second home to Rs 2 lakh per annum, Revenue Secretary Hasmukh Adhia on Saturday said there is no point in subsidising purchase of second property by those who have surplus funds. Moreover, he added that the tax incentive for second home loan borrower is being “virtually misused.” foreign companies subsidiay Citing limited resources, he said it is prudent to subsidise first-time buyer and not the second property owner who is not staying in that but earning income from the second unit. The Finance Bill 2017 has restricted set-off of loss towards second home against other heads of income up to Rs 2 lakh under Section 71 of the Income Tax Act. service tax consultant in delhi Read more info visit at:  http://bit.ly/1QzBA6U

If you think that calculating taxable income is a big thing, then you are wrong. It is simple the only thing you need to know is about the deductions and exemptions you are claiming for and the relevant sections. However, one must take the help of a chartered accountant or a financial advisor in doing so in wholly owned subsidiary in India The salary received by an employee is taxed under the head income from salary. The computation of tax is done mainly on the gross salaried person in company incorporation in India . It is necessary for every individual to understand the basic calculation for computing income tax. Suppose, somebody is earing an annual salary income of Rs. 11 lakh and has done the following investments In the financial year. Get more info visit at:  http://bit.ly/2jdfNsP

The government signed a pact with its Singapore counterpart on 30th Dec, 2016, amending their decade-old tax treaty, gaining indirect taxation in India rights over capital gains. This is the third double taxation avoidance agreement (DTAA) amended so far this financial year with a zero or low tax jurisdiction. The other two were with Mauritius and Cyprus. According to tax consultants in India , Mauritius would be the most attractive source of investments into India for debt funds and Singapore for equity investments. Mirroring the revised IndiaMauritius DTAA, the government has some grandfathering provisions (having the old rule continuing to apply for some existing situations, with the new one for all future cases) and a two-year transition benefit to investments from Singapore. The revised pact will take effect from April 1, 2017. For two years from that date, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate. The short-term rat...

The rise of the online community has changed the way in which we do business forever.  It has brought us closer to people that can help with our day to day operations as well as backend business needs, enabling our businesses to run smoother and turn more profit.  One of the key places that this has really made a difference for business owners is in   outsourcing payroll processing . Payroll management services  is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious repercussions.   For the most part, this is why business owners just want to hire someone to do it and not have to think about it themselves until March or April. Read more information visit at:  http://bit.ly/1TCEsqX