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.… Continue reading India Forex Transaction Compliances

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… Continue reading India Tax & Regulatory Compliances

Equity Shares – Initial Issue, Rights & Bonus Issue

Introduction  Most companies are usually started privately by their promoter(s). However, the promoters‘ capital and the borrowings from banks and financial institutions may not be sufficient for setting up or running the business over a long term, especially when the business grows and looks to expand. So, companies invite the public to contribute towards the… Continue reading Equity Shares – Initial Issue, Rights & Bonus Issue

International Taxation

International taxation is a field of study that deals with the taxation of cross-border transactions and activities involving individuals, businesses, and other entities. It involves the application of tax laws and regulations to transactions that take place across national borders. The goal of international taxation is to ensure that taxpayers are complying with tax laws… Continue reading International Taxation

Why DD, Types of DD & 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,… Continue reading Why DD, Types of DD & Trends

Reduction of share capital

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 by such a move. It is… Continue reading Reduction of share capital

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Assessment & Audit under GST

Introduction Assessments Audits

Technical Guide on Taxation of HUFs

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 express or specific terms… Continue reading Technical Guide on Taxation of HUFs

Taxation on Virtual Digital Assets

Introduction: Simply explained, a virtual digital asset is a digital holding that has been encrypted on the blockchain so that anyone can verify its legitimacy and ascertain who owns it. Its non-fungibility, or the fact that it cannot be duplicated, reproduced, or hacked, turns it into a special asset that may be bought, sold, or… Continue reading Taxation on Virtual Digital Assets