PLI for Solav PV Manufacturing
Eligibility Beneficiaries of the PLI scheme will be selected through a transparent bidding process and will be shortlisted after consideration of the following three parameters: A) Extent of Integration: Manufacturers to propose to set up a fully integrated solar PV manufacturing plant using silicon based technology (starting from the stage of manufacturing of polysilicon, to […]
PLI for Telecom Equipments Manufacturing
Telecom Equipment/ Products Covered Core transmission 4G/ 5G, Next Gen Radio and Wireless IoT and other wireless Enterprise equipment: Switches, Routers Dense Wavelength Division Multiplexing (DWDM) 4G/ Long Term Evolution (LTE)Radio Access Network (RAN) Base Station & Core Equipment; Unified Communications Platforms Switches Optical Transport Network (OTN) 5G RAN Base Station & Core Equipment IP […]
PLI for Pharma Industry
Pharma PLI Scheme Details: The manufacturers of pharmaceutical goods registered in India will be grouped based on their Global Manufacturing Revenue (GMR) to ensure wider applicability of the scheme across the pharmaceutical industry and at the same time meet the objectives of the scheme. The qualifying criteria (Base Year: Financial Year 2019-20 shall be treated […]
Finance Act 2021
Attached is the copy of Finance Act 2021 as approved by both houses and received accent of the President.
Complete guide for E-Commerce companies on applicability of Equalisation Levy post Finance Act, 2021
Applicability In order to analyse the applicability of the Equalisation Levy, it is first necessary to understand the scope of the levy on ecommerce. As per Section 163(3), the levy shall apply to consideration received or receivable for e-commerce supply or services made or provided or facilitated on or after the 1st day of April, […]
Production Linked Incentive – an engine to fuel Industrial Revolution 4.0 in India
The government of India has announced in 2019 that it will come with the production linked incentive scheme for manufacturing sector to make India a global hub for manufacturing. Although, the idea of the government was hit by COVID-19 pandemic last year however, the government is now ready to introduce it now. With PLI scheme […]
Budget 2021 – A Gamechanger for The Post Pandemic India
[2021] 123 taxmann.com 459 (Article) Date of Publishing: January 29, 2021 India is currently witnessing one of the strongest support from the complete globe which is evident from the fact that the SENSEX reaching mount 50K representing strong investors confidence in Indian economy. India is a global hub for medicine manufacturer and is right now feeding the global demand […]
Faceless Assessment – A gamechanger in Income tax litigation!
Challenges faced by taxpayer Bulky submission and documentation to be prepared and submitted to tax authorities Liaising with the jurisdictional assessing officer Differences of opinions with the tax authorities while making representations Presenting skilled arguments to resolve the tax matters or issues Our Offerings Assistance in communicating with National eAssessment Centre ( NeAC) Reviewing the past year returns for assessing and preparing the representation to be […]
Gujarat High Court orders government to consider extension of ITR due date till 31.03.2021
The Gujarat HC has instructed the Indian Government to consider and take appropriate steps for extending the due date for filing Tax Return to 31 March 2021 relying upon the important observation that the due date extension for Income tax department for all proceedings was already extended till 31 March 2021.