Category: Income Tax

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

Double taxation is a term used to describe the situation where the same income or asset is taxed twice. This can occur in various forms, such as income tax, capital gains tax, estate tax, or inheritance tax, and it can be levied by two different taxing authorities, such as two countries or two levels of government… Continue reading Is Double Taxation a Curse ?

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