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NEWS & UPDATES
IntroductionIn today's world, the trusts or institutions are being widely set up for the charitable purposes and imparting education among the poor. But lesser are known the facts about the taxability and registration of the trust or institution. This newsletter is...
IntroductionDuring the month of September 2019, our Finance Minister Mrs N. Sitharaman gifted the Indian Industrial sector a much-awaited tax rate slash making Indian industry more competitive around the world. With the Taxation (Amendment) Ordinance Act 2019 the...
IntroductionAs the new ﬁnancial year i.e. FY 2020-2021 is going to start, there is in mind of every salaried individual about their tax planning and where to invest to reduce the tax liability eﬃciently. Most of the taxpayer in India regularly have following most...
IntroductionFinance Act 2013 introduced Section 194-IA with an intention to curb the indirect inflow of black-money into the Indian real estate sector. Prior to this as well Indian government has always intended to put a stoppage over the cash dealing in the Indian...
Governing Law, Taxation and Compliances
ITR processed or not The income tax return filed by an assesse needs to be verified by the assesse and the same should be then processed by the department. Income tax refunds are issued once the return is duly processed by CPC. Verification: The return filed by the...
USA relaxes income tax Residency rules for Individuals and Businesses affected by Travel Disruptions arising from Covid-19 Emergency India awaits such tax Residency relaxation
BackgroundThe COVID-19 Emergency has affected the travel plans of various foreign travellers who intended to leave the United States. Regardless of whether they were infected with the COVID-19 virus, individuals have become severely restricted in their movements,...
RBI has taken following measures to (i) maintain adequate liquidity in the system and its constituents in the face of COVID-19 related dislocations; (ii) facilitate and incentivise bank credit flows; (iii) ease financial stress; and (iv) enable the normal functioning...
To Provide high quality and specialized professional services, by creating a solid foundation for the businesses we serve.
To be most preferred patner in the growth of businesses throughout the lifecycle of our clients and offer support to our come obstacles to effectively run and growth businesses.
INMACS intends, believes and follow the basic moto "Simple Solutions to Complex Business Needs".
A Competent & Passionate Team
In the last 36+ years, INMACS’ capabilities and performances have won the utmost trust and confidence of a richly varied and strong client base ranging through small & medium enterprises and big league corporate and multinational Business Houses, both in India and abroad.
INMACS team members, while sharing a common vision, belong to diverse technical, business and legal backgrounds.
We deploy specialized and multidisciplinary teams to serve assignments requiring specific skills. This enables us to work proactively and closely with clients and respond effectively to their needs in a highly focused manner, which in today’s fast changing business environment is quite crucial to a client’s success.
Started in April, 1984
INMACS Management Services Ltd. (INMACS) was started by a Group of highly qualified and experienced professionals in April, 1984, to offer a full range of services that embrace in its ambit. INMACS was established in 1984 inside the walled city at Daryaganj, New Delhi
- management consulting
- corporate finance
- audit:- Special, management, internal & forensic
- Taxation and Regulatory advisory
- Risk management & business process re-engineering
Best Practices & Values
We are dedicated to promulgate, administer and spread the below values through our work, conduct and culture.
- Integrity & Ethics
- Confidentiality & Professionalism
- Systematic approach and Timeline Adherence
- Responsive to changing needs
Direct TaxesIndian Stamp Act , 1899Indirect TaxesPrevention of Money-laundering Act, 2002Key Policy AnnouncementsDirect TaxesRates of income tax No change has been made in the slab rates of Income-tax for individuals, HUF, AOP, BOI, firms and companies. Surcharge @10%...
Direct TaxesChanges in Personal & Corporate TaxationTaxability of Long Term Capital GainRelief to Sick CompaniesBenefits to New Start UpAmendments in ICDSIndirect TaxesAmendment in Custom Act,1962Amendment in Advance Ruling ProvisionsChanges in Rate of Custom...