Tag «Firms»

Almost Half of Firms Have Been Victims of Financial Crime, According To New Thomson Reuters Report

Corporations in APAC remain vulnerable to financial crimes despite high spends on compliance processes Better collaboration and improved intelligence are vital to win the fight against financial crime   Mumbai, May 24, 2018 – Almost 50% of large APAC organisations have been victims of fraud, theft, money laundering or other financial crimes, according to one of …

CBDT Grants Exemption from TDS on the Payments of Certain Categories to Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc Who are Using the Financial Services Offered by Banks

To mitigate compliance burden on businesses held by individuals, firms or corporate etc who are using the financial services offered by banks, the Central Board of Direct Taxes (CBDT) has issued a notification u/s 197A(1F) granting exemption from tax deduction at source (TDS) on the payments of certain categories. Payment towards bank guarantee commission, cash …