Objectives & Agenda :
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions for levy of customs duty and exemptions from customs duty.
Objectives & Agenda :
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. GST subsumed various indirect laws in the country and the led to the formation of a common national market. In this webinar, we shall understand the background and rationale for the introduction of GST in India. We shall understand the overview of the law behind GST.
Objectives & Agenda :
Every assessee earning more than the basic exemption limit is eligible to seek deduction from Gross Total Income by way of deductions allowed for investments or payments made, under Chapter VI-A of the Income Tax Act. Chapter VI-A helps an assessee to reduce the overall tax burden to the extent of investment and expenses made within the ambit of law and fulfilment of prescribed conditions. In this Webinar, we shall be focusing on the provisions of Chapter VI-A which relate to Corporate Assessees.
Objectives & Agenda :
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we will be learning about the basic concepts and important definitions under the Customs Act, 1962.
Objectives & Agenda :
Every assessee earning more than the basic exemption are eligible to seek deduction from Gross Total Income by way of deductions allowed for investments or payments made, under Chapter VI-A of the Income Tax Act. Chapter VI-A helps an assessee to reduce the overall tax burden to the extent of investment and expenses made within the ambit of law and fulfilemt of prescribed conditions. In this Webinar, we shall be focusing on the provisions of Chapter VI-A which are essential for Individuals, HUF and Firms for the purpose of claiming deductions against their total income.
Objectives & Agenda :
Guernsey is one of the Channel Islands in the English Channel near the French coast, and is a self-governing British Crown dependency. It is well-known for its Financial Sector and Tax Friendly regulatory system. In this webinar, we shall look at the overview of tax and regulatory system in Guernsey. In particular, we shall understand the benefits for Fund Management activities. We shall also look at relevant statistics relating to economy and demography of the Country.
Objectives & Agenda :
In this Webinar, we shall under the Tonnage taxation scheme under Income-tax Act, 1961. It is a presumptive taxation scheme under which certain types of shipping companies (qualifying companies) operating certain types of ships (qualifying ships) are given an option to compute income in accordance with the provisions Sec 115 VA to 115 VZC. Incomes under these provisions are computed based on the Net Tonnage of the qualifying ship on a presumptive basis. The Qualifying company may opt to be charged to tax under provisions of the Tonnage Tax Scheme or under regular provisions of the Act
Objectives & Agenda :
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific period of time. It is one of the most important measures used globally to analyse and compare the economic growth of Countries. In this Webinar, we shall understand the term GDP and the methodology of Computation of GDP in India.
Objectives & Agenda :
In the day to day operations of the business, it is essential to have grip on Tax Deducted at Source (TDS) which acts as a means to collect tax at the inception of the income itself and Tax Collected at Source (TCS) where a seller collects a certain amount of tax from the buyer at the time of sale. In this webinar we will be learning the applicability, non-applicability, prevailing rate of tax and other related provisions of the Income-tax Act with respect to TDS and TCS
Objectives & Agenda :
Offshore Funds are funds, such as mutual funds, that exist and operate abroad in tax and regulatory friendly jurisdictions which pool and manage foreign investments into India.
In order to attract the activity of management of such fund to India the Government introduced provisions under Sec 9A of the Income Tax Act. Under these provisions, on satisfying a set of eligibility conditions, an offshore fund would not be considered a resident for tax purposes solely based on its fund manager being located in India.
The CBDT, on 5th December 2019, made a draft notification to amend the Rules for prescribing the minimum amount of remuneration to be paid to the Indian Fund Manager. It is open for Public consultation until 19th December 2019.
In this webinar, we shall under the Provisions of the special tax regime for Offshore Fund Management and the proposed rules for Remuneration. We shall also look at the state of Financial Services in India and the scope for development through Offshore Fund Management
No 3, Apex Plaza, 6th Floor,
Nungambakam High Road,
Nungambakkam,Chennai – 600034
