Archives
Categories
-
Recent Posts
- Adjudication of Penalties – Section 454 of Companies Act, 2013
- Implementation of e-verification scheme-2021
- Direct listing of equity shares of unlisted Public Companies incorporated in India on International Exchanges
- Investment under Employee Benefit Scheme/ESOP/Sweat Equity Shares
- Utilizing Tax Treaty Advantages for Non-Residents
Recent Comments
Author Archives: admin
Comprehending the Changing Dynamics of Share Valuation Concerning Angel Tax
Background and Introduction Finance Act, 2012 introduced a tax on closely held companies under Section 56(2)(viiib) of the Income Tax Act, 1961 (the Act) when it received consideration from resident investors on issue of shares at a value that exceeded … Continue reading
Posted in Direct Tax
MCA Notifies Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023
MCA issued LLP (Significant Beneficial Owners) Rules, 2023 (“SBO Rules”) on 9th November 2023, requiring LLPs to identify and report details of Significant Beneficial Owner (“SBO”) to MCA. NON-APPLICABILITY The SBO Rules shall not apply to: Contribution held by the … Continue reading
Posted in Regulatory
Supreme Court’s Landmark Ruling on Double Tax Avoidance Treaties (DTAA)
Hon’ble Supreme Court in the case of Nestle SA & Others [Civil Appeal No 1420/2023] has ruled that the issuance of a notification under Section 90 of the Income Tax Act, 1961 (the Act) is an indispensable and obligatory requirement … Continue reading
Posted in Direct Tax
Rule 114B: CBDT Amends PAN-related Rules for Foreign Companies and NRs Transacting with IFSC Banking Units
The Central Board of Direct Taxes (CBDT) has amended rules related to obtaining and quoting Permanent Account Number (PAN). The amendments have been made in Rule 114B, 114BA and 114BB of the Income Tax Rules, 1962 (the Rules). Amendment in … Continue reading
Posted in Regulatory
Family Investment Fund (FIF)
On April 19, 2022, the International Financial Services Centres Authority (IFSCA) published the International Financial Services Centres Authority (Fund Management) Regulations, 2022 (“FM Regulations”) overhauling the fund regime in International Financial Services Centre (IFSC) and introduced Family Investment Funds for … Continue reading
Posted in Family Office