Advance Ruling under GST
Advance ruling means a decision provided by the Authority or the Appellate Authority or National appellate authority to an applicant on matters or on questions specified in relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the applicant. Applicant means any person registered or desirous of obtaining […]
Foreign Investment in India
A person resident outside India can invest in India through Equity Instruments (Non-Debt Instruments – NDI Rules, 2019) Equity Shares Fully, compulsorily and mandatorily converibles debentures Optionally convertible/ partially convertible debentures issued up to June 7, 2007 are deemed to be covered under NDI rules till their original maturity Fully, compulsorily and mandatorily convertible preference […]
Why Due Diligence, Types & Trends
Due diligence refers to the process of conducting a through and comprehensive investigation or analysis of a potential investment or business opportunity. This is done to ensure that the decision-making process is informed and accurate. It helps investors and decision-makers to make informed decisions based on a comprehensive analysis of the opportunity’s financial, legal, operational, […]
India Tax & Regulatory Compliances
Tax and regulatory compliance refers to the adherence to various tax and regulatory requirements that businesses and individuals must follow to ensure that they comply with relevant laws, regulations, and guidelines. It includes the timely payment of taxes, the filing of tax returns, and the adherence to various regulations that govern business operations. Tax and […]
India Forex Transaction Compliances
India Forex Transaction Compliances – The Foreign Exchange Management Act (FEMA) is an Indian law to regulate foreign exchange transactions and promote the orderly development and maintenance of the foreign exchange market in India. Compliance with FEMA is essential for any company dealing in foreign exchange transactions in India to avoid severe penalties and fines. […]
Voluntary Liquidation
Prepared by Baskar P A voluntary liquidation is a self-imposed wind-up and dissolution of a company that has been approved by its shareholders. Such a decision will happen once a company’s leadership decides that the company has no reason to continue operating. The purpose of a voluntary liquidation is to terminate a company’s operations, wrap-up its financial […]
Technical Guide on Taxation of HUF’s
Prepared by Khusbu M Kinger Introduction: Members and Coparceners: Property of Single Member: Assessment of HUF: Capital Formation: Property Received on Succession: On intestate succession, it will be taxed as individual property and not the property of HUF to which it belongs. On testamentary succession, it will be taxed as HUF capacity provided that there are […]
Strike off a Company
Prepared by Sanjay Kumar S Compliances and Regulations under Companies Act 2013 (Sec 248 – 252) The process of striking off is an alternative mechanism to the winding up of a company. Strike off simply means removing the name of the company from the Register of Companies by the Registrar of the company (ROC). Manner of […]
Reduction of Share Capital
Companies Act, Income Tax Prepared by Baskar P Reduction of share capital means the reduction of issued, subscribed and paid-up capital of the Company. The reduction of capital is mainly done by companies for producing a more efficient capital structure. Reduction is an important event in the company’s history since the creditors of the company get impacted […]
Ind AS 40 – Investment Property
If an enterprise is engaged in deriving the lease income as its operating income, the property shall be classified as PPE. If an enterprise deriving capital appreciation or lease revenue in any other instances, then such asset shall be classified as Investment property. Investment Property: Includes – · Property of land or building or part […]
