import React from "react";
import Link from "next/link";
import { Col, Container, Row } from "react-bootstrap";
import Heading from "@/components/reuseables/Heading";
import { motion } from "framer-motion";
import { slideFromLeft } from "@/components/reuseables/variants";
import PageBanner from "@/components/reuseables/PageBanner";
import Image from "next/image";
const banners = [
  {
    imageSrc: "/images/banner/taxwire.webp",
    pageTitle: "Tax Wire",
    homePageUrl: "/",
    homePageText: "Home",
    activePageText: "Tax Wire",
  },
];
const services = [
  {
    id: 1,
    serviceTitle: "Mismatch in year of taxation of Income and TDS Credit – Form 71 to the relief",
    serviceShortDescription: "The Income Tax Law in India requires that income from a particular assessment year be subjected to tax in that assessment year.",
    serviceDetailsUrl: "/services/details",
    date: "21 Sep 2023",
    pdfUrl: "/images/knoweledge/pdf/taxwire/Mismatch_in_year_of_taxation_of_Income_and_TDS_Credit_–_Form_71_to_the_relief.pdf",
  },
  {
    id: 2,
    serviceTitle: "GST on Renting of residential property to registered person",
    serviceShortDescription: "For more than 15 years, renting of property has been covered under either service taxor Goods and Service Tax (GST). Broadly,the Government’s intention seemed clear –tax commercial rentals and exemptresidential rentals. ",
    serviceDetailsUrl: "/services/details",
    date: "04 Aug 2022",
    pdfUrl: "/images/knoweledge/pdf/taxwire/GST_on_Renting_of_residential_property_to_registered_person.pdf",
  },
  {
    id: 3,
    serviceTitle: "Remission of Duties and Taxes on Exported Products (RoDTEP)",
    serviceShortDescription: "RoDTEP rates and scheme details have been announced by the Ministry of Commerce and Industry by making suitable amendments to chapter 4 of the Foreign Trade Policy (FTP) in the notification (19/2015-2020) dated 17th August 2021.",
    serviceDetailsUrl: "/services/details",
    date: "25 Aug 2021",
    pdfUrl: "/images/knoweledge/pdf/taxwire/Remission_of_Duties_and_Taxes_on_Exported_Products_(RoDTEP).pdf",
  },
  {
    id: 4,
    serviceTitle: "Section 2(42C) of the Income-tax Act, 1961(IT Act) defines ‘slump sale’ as transfer ofone or more undertakings for a lumpsumconsideration without the value beingassigned to individual assets and liabilities in such cases.",
    serviceShortDescription: "Section 2(42C) of the Income-tax Act, 1961 (IT Act) defines ‘slump sale’ as transfer of one or more undertakings for a lumpsum consideration without the value being assigned to individual assets and liabilities in such cases.",
    serviceDetailsUrl: "/services/details",
    date: "07 Jun 2021",
    pdfUrl: "/images/knoweledge/pdf/taxwire/PDF1629220424.pdf",
  },
  {
    id: 5,
    serviceTitle: "Consideration for sale of software - Royalty or not: Delhi tax tribunal ruling",
    serviceShortDescription: "It is a known fact that buying licenses for software usage is a very common business transaction. It is also fairly common for Indian entities to buy suchsoftware from foreign companies. ",
    serviceDetailsUrl: "/services/details",
    date: "19 Jan 2021",
    pdfUrl: "/images/knoweledge/pdf/taxwire/Delhi_High_Court_ruling_on_Constitutional_Validity_of_Income_Computation_and_Disclosure_Standards_(ICDS).pdf",
  },
  {
    id: 6,
    serviceTitle: "Finance Act, 2020 – Passed with multiple amendments",
    serviceShortDescription: "Indian Finance Minister had presented the Budget containing the Finance Bill, 2020 on 1st February, 2020. This was tabled in both the houses of Parliament and wassupposed to be discussed.  ",
    serviceDetailsUrl: "/services/details",
    date: "02 Apr 2020",
    pdfUrl: "/images/knoweledge/pdf/taxwire/Finance_Act,_2020_–_Passed_with_multiple_amendments.pdf",
  },
  {
    id: 7,
    serviceTitle: "Direct Tax Vivad se Vishwas Act, 2020",
    serviceShortDescription: "The Finance Minister introduced the Direct Tax Vivad se Vishwas Bill, 2020(‘DTVSV’ or ‘the scheme’) in the Parliament on 05-02-2020 for providingresolution of disputed tax and for mattersconnected therewith and incidentalthereto.",
    serviceDetailsUrl: "/services/details",
    date: "30 Mar 2020",
    pdfUrl: "/images/knoweledge/pdf/taxwire/Direct_Tax_Vivad_se_Vishwas_Act,_2020.pdf",
  },


    {
      id: 8,
      serviceTitle: "Key highlights of 31st and 32nd GST Council Meet",
      serviceShortDescription: "As you all are aware, w.e.f 01st July 2017, India moved into a comprehensive Indirect tax regimeunder the Goods and Services Tax (GST) Law. GST Council is a constitutional body for makingrecommendations to the Union and State Government on issues related to Goods and Service Tax.",
      serviceDetailsUrl: "/services/details",
      date: "23 Jan 2019",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Key_highlights_of_31st_and_32nd_GST_Council_Meet.pdf",
    },
    {
      id: 9,
      serviceTitle: "Mumbai tax tribunal holds that ‘Conversion of CCPS into equity shares is Not taxable’",
      serviceShortDescription: "The provisions of section 45(1) of the Income Tax Act, 1961 (the Act) brings into tax the profits or gains arising from the transfer of capital asset under the head'Capital Gains'. Both the terms transfer and capital asset has been defined under the Act.",
      serviceDetailsUrl: "/services/details",
      date: "16 Jan 2019",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Mumbai_tax_tribunal_holds_that_‘Conversion_of_CCPS_into_equity_shares_is_Not_taxable’.pdf",
    },
    {
      id: 10,
      serviceTitle: "Tax Benefit for Start-ups – an overview",
      serviceShortDescription: "To keep a check on the closely held companies from bringing in undisclosed income into the company by issuing the shares at abnormal premium, section 56(2)(viib) was introduced into the Income Tax Act, 1961(the Act) by the Finance Act2012. ",
      serviceDetailsUrl: "/services/details",
      date: "24 Apr 2018",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Tax_Benefit_for_Start-ups_–_an_overview.pdf",
    },
    {
      id: 11,
      serviceTitle: "Changes in the ITR Forms AY 2018-19",
      serviceShortDescription: "Income Tax filings in India are based on self-assessment mechanism. Meaning, every person earning income in India and who is required to file tax returns, is required to compute his income and tax thereon. He needs to remit the tax and then file the said return with the income tax authority within the said date",
      serviceDetailsUrl: "/services/details",
      date: "17 Apr 2018",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Changes_in_the_ITR_Forms_AY_2018-19.pdf",
    },
    {
      id: 12,
      serviceTitle: "Delhi High Court ruling on Constitutional Validity of Income Computation and Disclosure Standards (ICDS)",
      serviceShortDescription: "'Accountancy is a matter of taste. One tax payer may be conservative and others may not.' - So was told by Lord Greene in Henriksen (Inspector of Taxes) vs GraftonHotel Ltd",
      serviceDetailsUrl: "/services/details",
      date: "23 Nov 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Delhi_High_Court_ruling_on_Constitutional_Validity_of_Income_Computation_and_Disclosure_Standards_(ICDS).pdf",
    },
    {
      id: 13,
      serviceTitle: "Green or not Green?",
      serviceShortDescription: "“Agriculture is the backbone of the Indian economy”. This is a statement that all of us are familiar with right from elementary school. Rightly so, as agriculture contributes around 22% to our country’s",
      serviceDetailsUrl: "/services/details",
      date: "12 Sep 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Green_or_not_Green.pdf",
    },
    {
      id: 14,
      serviceTitle: "Penny wise, Pound foolish!",
      serviceShortDescription: "It has been constantly the effort of the Government to encourage the habit of savings and investment amongst its people and to ensure the surplus funds ",
      serviceDetailsUrl: "/services/details",
      date: "16 Jun 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Penny_wise,_Pound_foolish!.pdf",
    },
    {
      id: 15,
      serviceTitle: "Changes in the ITR Forms AY 2017-18",
      serviceShortDescription: "The year 2016-17 saw a lot of steps taken by the Government of India to ensure that black money is subject to taxes and the revenue of the government is secured. ",
      serviceDetailsUrl: "/services/details",
      date: "08 Apr 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Changes_in_the_ITR_Forms_AY_2017-18.pdf",
    },
    {
      id: 16,
      serviceTitle: "Bollywood Badshah's tryst with the tax department!",
      serviceShortDescription: "Mr. Shahrukh Khan (hereinafter referred to as Mr. Khan/the assessee for brevity) is a well-known name in the film industry and also referred to as Badshah ",
      serviceDetailsUrl: "/services/details",
      date: "07 Apr 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Bollywood_Badshah_s_tryst_with_the_tax_department!.pdf",
    },
    {
      id: 17,
      serviceTitle: "India enters into protocol amending Singapore DTAA",
      serviceShortDescription: "It has always been a matter of dispute in India whether alienation of shares of Indian companies by companies located in tax jurisdictions like Mauritius or Cyprus can avail the benefit of treaty.",
      serviceDetailsUrl: "/services/details",
      date: "09 Jan 2017",
      pdfUrl: "/images/knoweledge/pdf/taxwire/India_enters_into_protocol_amending_Singapore_DTAA.pdf",
    },
    {
      id: 18,
      serviceTitle: "Update on Section 44AD & Section 44ADA of Income Tax Act, 1961",
      serviceShortDescription: "This communication is to apprise you of some amendment that has happened to Income Tax act relating to professional starting FY 2016-17. The amendment will apply to taxpayers engaged in specified profession like:",
      serviceDetailsUrl: "/services/details",
      date: "23 Dec 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Update_on_Section_44AD_&_Section_44ADA_of_Income_Tax_Act,_1961.pdf",
    },
    {
      id: 19,
      serviceTitle: "Opportunity hardly ever knocks twice!",
      serviceShortDescription: "In light of the recent developments in the administration of the country, with the introduction of the Income Declaration scheme,",
      serviceDetailsUrl: "/services/details",
      date: "21 Dec 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Opportunity_hardly_ever_knocks_twice!.pdf",
    },
    {
      id: 20,
      serviceTitle: "Relaxation for Non-residents from obtaining PAN",
      serviceShortDescription: "The requirement to have a Permanent Account Number (PAN) for the purpose of Income Tax Act was first introduced in 1976. ",
      serviceDetailsUrl: "/services/details",
      date: "09 Jul 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Relaxation_for_Non_residents_from_obtaining_PAN.pdf",
    },
    {
      id: 21,
      serviceTitle: "Government frees ‘Startup’ from ‘Angel Tax’",
      serviceShortDescription: "Infusing unaccounted money into closely held companies by issuing shares at abnormal premiums was a practice that prevailed as a method to convert unaccounted money into accounted money. In order to curb such practice, the",
      serviceDetailsUrl: "/services/details",
      date: "02 Jul 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Government_frees_‘Startup’_from_‘Angel_Tax’.pdf",
    },
    {
      id: 22,
      serviceTitle: "TDS and TCS amendments applicable from 1st June, 2016",
      serviceShortDescription: "The Finance Act, 2016 has brought changes in rates and limits for withholding as well as collection of taxes. These changes are applicable from 1st June, 2016. We have tried to summarise these changes as below",
      serviceDetailsUrl: "/services/details",
      date: "01 Jun 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/TDS_and_TCS_amendments_applicable_from_1st_June,_2016.pdf",
    },
    {
      id: 23,
      serviceTitle: "Compliances for Foreign Remittances Rationalized",
      serviceShortDescription: "Section 195 of the Income Tax Act, 1961 mandates withholding of taxes from payments being made to a non-resident ifsuch incomes is taxable in India.",
      serviceDetailsUrl: "/services/details",
      date: "25 Mar 2016",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Compliances_for_Foreign_Remittances_Rationalized.pdf",
    },

    {
      id: 24,
      serviceTitle: "Madras High Court’s ruling on Taxation of unclaimed trading liability of discontinued business",
      serviceShortDescription: "When a person claims allowance or deduction in respect of losses, expenditures or trading liability in the earlier years and subsequently he obtainsany benefit/recovery/remission/cessation with respect to such allowances or deductions, such benefit is deemed to be the profits and gains from business or profession u/s 41(1) of the Income Tax Act, 1961 (the Act)",
      serviceDetailsUrl: "/services/details",
      date: "26 Apr 2019",
      pdfUrl: "/images/knoweledge/pdf/taxwire/Madras_High_Court’s_ruling_on_Taxation_of_unclaimed_trading_liability_of_discontinued_business.pdf",
    },

];



const TaxWire = () => {
  return (
    <>
      <PageBanner banners={banners} />

      <div className="tax-wire-page-area pt-70 pb-100 bg-light ">
        <Container>
          <div className="section-title">
            <Heading heading={"Tax Wire"} el="h2" />
          
          </div>
          <p className="text-center mb-3 mb-lg-5 ">
              Navigating the complex terrain of India's tax landscape? TaxWire
              is your reliable companion, serving up the latest news,
              developments, and insights to help you stay informed and in the
              know.
            </p>
          <Row className="align-items-center">
            {services &&
              services.map((service, index) => (
                <Col lg={4} md={6} sm={12} key={service.id}>
                  <motion.div
                    variants={slideFromLeft(0.5)}
                    initial={"hidden"}
                    whileInView={"show"}
                    viewport={{ once: false, amount: 0.4 }}
                  >
                    <div className="services-box-budget">
                      <div className="d-flex align-items-center">
                        {/* <i className={service.serviceIcon}></i> */}
                        <Image
                          src="/images/knoweledge/taxwire.svg"
                          alt={service.serviceTitle}
                          width={40}
                          height={40}
                          className="img-fluid me-3"
                        />
                        <h3>
                          <Link href={service.pdfUrl} target="_blank">
                            {service.serviceTitle}
                          </Link>
                        </h3>
                      </div>

                      <p>{service.serviceShortDescription}</p>

                      <Link
                        href={service.pdfUrl}
                        className="default-btn"
                      >
                    Read More
                        <i className="ri-arrow-right-line"></i>
                      </Link>
                    </div>
                  </motion.div>
                </Col>
              ))}
          </Row>
        </Container>
      </div>
    </>
  );
};

export default TaxWire;