Knowledge Desk

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Quoting & Interchangeability Of Aadhaar Number
Author: CA Ravi Jain
Published At: 24-Jan-2020
The apex body for direct taxes has amended over 100 forms and returns to provide for interchangeability between permanent account number (PAN) and Aadhaar number. A notification to this effect was issued by the Central Board of Direct Taxes.
New Income Tax Forms for AY 2020-21
Author: CA Ravi Jain
Published At: 21-Feb-2020
The Central Board of Direct Taxes (CBDT) has notified the ITR forms – ITR-1 and ITR-4 for the assessment year (AY) 2020-21. These forms were notified on the 3rd of January 2020.Here, in this article, we will discuss changes to ITR forms relevant for FY 2019-20 (AY 2020-21):
New Tax Regime for Individual’s & HUF’s
Author: CA Ravi Jain
Published At: 01-Apr-2020
Budget 2020 has given taxpayers an option to continue with the existing tax regime or opt for the new proposed tax regime by forgoing exemptions.
Person Liable to File Return of Income under Income Tax Act
Author: CA Ravi Jain
Published At: 01-Apr-2020
We are at the fag end of the financial year 2019-20, and for those who have missed the bus of filling the return within the prescribed time, obvious question arises “Do I have to file my Income tax return?”
Short Deduction of TDS,TCS due to increase rate of Surcharge by Finance No.2 Act 2019
Author: CA Ravi Jain
Published At: 05-May-2020
This blog is about the recent clarification issued by CBDT dated 13th April, 2020 in relation to the deduction/collection of TDS/TCS under various provisions of the Income Tax Act, 1961 (Act) considering the increased rates of surcharge as amended by the Finance (No.2) Act, 2019.
Compliances for Filing of Professional Tax Returns by Employers in Maharashtra
Author: CA Harshit Vedpathak
Published At: 10-Jun-2020
Profession Tax in Maharashtra is governed by the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975.
New Version of Form 26 AS with effective from 1st June 2020
Author: CA Ravi Jain
Published At: 09-Jul-2020
As per the recent update from the income tax department, the department has notified about the revised form 26AS which is mainly utilized for collection of the tax collected or basically tax deducted at source under which there will be details such as property and share transactions.

Latest Blogs - Tax & Compliance Simplified

Get to know us by reading our latest blogs here and discover the results of our research.

MCA Notification of PAS-6_Mandatory for Unlisted Public Companies
Author: CS Amita Alke
Published At: 23-Jul-2020
Every Unlisted Public Company shall issue its securities in dematerialized form and facilitate dematerialization of all its existing securities as well.
Significant Points While Calculating Aggregate Turnover under GST
Author: CA Jill Shah
Published At: 22-Jul-2020
The amount of Aggregate Turnover is an important criterion for determining the applicability of many provisions of GST law relating to Registration, Filing of Returns, Audit, etc. The term aggregate turnover comprises of taxable supplies, exempted supplies, nil rated supplies, non-taxable supplies etc and hence it is important to calculate Aggregate Turnover accurately.
GST Implications in Case of Amalgamation
Problem
Procedure for GST registration and transfer of unutilised Input Tax Credit in case of Amalgamation
Solution
Subject to facts and documentation, GST registration to be amended and for transfer of Input tax credit, procedure as per Section 18(3) of CGST Act read with Rule 41 of CGST Rules to be followed.

Author: CA Jill Shah
Published At: 14-Jul-2020
Reversal of IGST Credit because of Non-Payment of Invoice Value Within 180 Days to the Vendor
Problem
Whether reversal of input tax credit is required in case of non-payment of the invoice value to the Vendor due to post supply discount?
Solution
Subject to facts and documentation, input tax credit may not be reversed in case non-payment to the Vendor due to post supply discount provided by the Vendor.

Author: CA Jill Shah
Published At: 25-Mar-2020

16-Jul-2020

Webinar on GST Refund In Case of Export of Goods and Service

It is said that goods and services can be exported from a country but the taxes should not be. Under the GST law exporters have the benefit of claiming refund of taxes paid on export of goods or services or claiming refund of the input tax credit in cases where the goods or services are exported under Letter of Undertaking(LUT). However the various provisions of law and issues related thereto should be considered before filing the refund claims.

03-Apr-2020

Webinar on Amendments in Various Tax and Corporate Law Due to COVID-19 Situation

The Government cleared more amendments with regards to various tax and Corporate Law due to COVID -19 situation.

GST Refund In Case of Export of Goods and Service
It is said that goods and services can be exported from a country but the taxes should not be. Under the GST law exporters have the benefit of claiming refund of taxes paid on export of goods or services or claiming refund of the input tax credit in cases where the goods or services are exported under Letter of Undertaking(LUT). However the various provisions of law and issues related thereto should be considered before filing the refund claims.
Analysis of Non-taxable Supply, Non-GST Supply, Exempted Supply, Nil-Rated Supply and Zero-Rated Supply under GST
Nil Rated, Zero Rated, Non-Taxable and Exempted Supply

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Country Desk

Singapore is full of Indians with statuses like Citizens of Indian Origin, Person of Indian Origin, having properties, businesses, stock market investments and so on, back in India. Also, there are a lot of funds and corporates already invested in India or want to do so in the near future.
APMH with an affiliation with Moores Rowland Asia Pacific has its offices across South East Asia. This sets a unique proposition of expertise on Indian markets like Due Diligence, Advisory, Tax, and Assurance, while relationship support, back at Singapore.
We provide holistic solutions
  • For the Multinationals headquartered at Singapore
    • Tax Advisory;
    • Accounts Outsourcing;
  • For Funds investing in India
    • End to end Compliance for India, Due-Diligence, periodical reporting;
  • For NRI CIOs, PIOs
    • Tax Advisory,
    • Wills and Succession
The introduction of Value Added Tax has brought significant change for businesses. VAT has a broad scope and businesses will need to consider the impact of VAT on all their transactions and the potential impact on prices and margins.
APMH has an expertise in handling VAT Implementation projects in GCC Countries like UAE, Kingdom of Saudi Arabia (KSA) & Bahrain and its experienced Indirect Tax team with exposure to tax regimes in Riyadh,Jeddah,Dammam and Khobar is capable of advising and assisting businesses in the region to improve their systems and processes.
VAT is implemented in UAE,KSA and currently Bahrain. APMH offers various VAT(Value Added Service) for GCC countries which includes VAT Planning,VAT Implementation & Transitionn,VAT Awareness Sessions,Pre-Implementation Readiness and Post Implentation Complaince.
Accounting and compliance, though a non-core activity for a technical entrepreneur, is critical. With the onset of technology i.e. Internet connectivity and applications it makes more sense for organizations to opt for an expert in accounts solutions.
APMH expertise in providing accounts outsourcing services internationally.In addition, we seek to add real value to your business, working closely with you to provide quality management accounting information that are required to uphold basic accounting laws and regulations.
APMH provides one stop shop solution for accounting,reporting and tax filing services for all end users in Hongkong.

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