In today’s globalized business environment, Indian companies frequently collaborate with foreign entities for access to technology, expertise, and specialized services. Such cross-border transactions often involve royalty payments and fees for technical services (FTS). Under the Income Tax Act, 1961, particularly Section 9(1)(vi) and Section 9(1)(vii), these payments are deemed to accrue or arise in India […]
In today’s globalized economy, businesses often engage in cross-border transactions such as export-import, royalty payments, professional services, and foreign collaborations. While this expansion brings growth opportunities, it also creates a taxation challenge known as Double Taxation—where the same income is taxed in both the country of source and the country of residence. To solve this, […]
Auditing and assurance are no longer limited to legal compliance. In today’s dynamic business environment, audits play a crucial role in building trust, enhancing transparency, and supporting sustainable growth. Whether you are a small startup, a growing SME, or a large multinational, audit and assurance services are essential for credibility and accountability. 🔑 Why Audit […]
