by Audit Analyst | Dec 23, 2025 | Company Tax
Definition and objective of equalisation levy The equalisation levy is a tax introduced to address the issue of taxing digital transactions conducted by non-resident entities in India. It aims to tax the income generated from Indian users through online platforms. It...
by Audit Analyst | Dec 23, 2025 | Company Tax
Definition and scope of export services Export of services refers to the supply of services from India to a recipient located outside India. These services must meet specific conditions under GST and income tax laws. The supplier must be located in India and the...
by Audit Analyst | Dec 23, 2025 | Company Tax
Basic criteria for tax audit applicability Under section 44AB of the Income Tax Act, companies are required to undergo a tax audit if their turnover or gross receipts exceed the specified threshold in a financial year. However, exemptions are available in specific...
by Audit Analyst | Dec 23, 2025 | Company Tax
Meaning and structure of esops Employee Stock Option Plans are schemes that allow employees to buy company shares at a predetermined price. ESOPs are issued as part of employee compensation and linked to performance and retention. Employees receive the right to buy...
by Audit Analyst | Dec 23, 2025 | Company Tax
Types of income from mutual funds Companies can earn income from mutual funds through dividends and capital gains. The tax treatment depends on the nature and period of the holding. Dividend income is received periodically from the fund house Capital gains arise when...
