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- 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
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Author Archives: admin
Rule 11UA: New Methods for Valuing CCPS and Unquoted Shares
The Finance Act, 2023 amended section 56(2)(viib) of the Income Tax Act, 1961 (‘the Act’) to bring into account the consideration received from non-residents for issuance of shares. Now, the CBDT has notified Income-tax (Twenty-First Amendment) Rules, 2023, amending Rule … Continue reading
Posted in Regulatory
Tax Audit Applicability for F.Y. 2022-23
Section 44AB Audit of accounts of certain persons carrying on business or profession of Income Tax Act, 1961-Every person,—a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or … Continue reading
Posted in Audit & Assurance
Framework for Voluntary Delisting of Debt Securities
The Securities and Exchange Board of India (“SEBI”) have included framework for voluntary delisting of non-convertible redeemable preference shares and non-convertible redeemable preference shares (collective “NC Securities”) from Stock Exchange (“SE”) by inserting Chapter VIA to the Securities and Exchange … Continue reading
Posted in Regulatory
India Entry Strategy
Entry Option Investment routes Funding Option Repatriation of Funds India Entry Options Project Office: PO represents interests of the foreign company executing a project in India. Permitted activities These offices can only undertake an activity related and incidental to execution of … Continue reading
Posted in Regulatory
Document Identification Number (DIN) – Significance in Income Tax Department’s Communication
Central Board of Direct Taxes vide Circular No. 19/2019, mandated that no communications related to notice, order, appeal, assessment, investigation or any other correspondence shall be issued by the Income Tax Department without a computer-generated Document Identification Number (DIN). Continue reading
Posted in Direct Tax