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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 […]
Unwrapping the Issues around “AMP” Expenditure in Transfer Pricing
Background There are numerous activities which are carried out by the Indian subsidiaries of foreign entities including manufacturing of goods, advertising, marketing, […]
Claiming of Foreign Travel Expenses for the purpose of Business
Background Foreign travel expenses are costs incurred while traveling specifically for the purposes of conducting business related activities. These are among the […]
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 […]
Business Restructuring and its Transfer Pricing Implications
Background Multinational Enterprises (MNEs) often engage in cross border business restructurings or supply chain adjustments to enhance operational efficiencies, achieve improved synergies, […]
Goodwill Amortization
Prepared by Khusbu M Kinger 1.Background Goodwill arising on business acquisition is recognized in the books of the acquirer as an Intangible […]
Employee Stock Option Plan (ESOP)
Introduction ESOP is compensation for employees, often in the form of employee stock options, linked to the value of the employer’s stock. […]
Offences and Penalties under GST
Penalty is a temporary punishment, or a sum of money imposed by statute, to be paid as punishment for committing an offence. […]
Slump Sale
Prepared by Sanjay Kumar Income Tax Act, 1961 Slump sale means transfer of one or more undertakings, by any means, for a […]
Profit Repatriation Strategies
Profit repatriation refers to the process of transferring profits earned in a foreign country back to the company’s home country. Some common […]
How Blockchain Is Transforming the Real Estate Industry
Prepared by Dipesh N Mehta Introduction The real estate industry is approaching the subject of Blockchain with a good deal of skepticism. […]
Advance Pricing Agreement
Presented by Sanjay Kumar Introduction An Advance Pricing Agreement (APA) is an agreement between a taxpayer and the income-tax authorities on an […]
Income Computation and Disclosure Standards
Prepared by Khusbu M Kinger Introduction: ICDS are applicable for computation of income chargeable under the head “PGBP” and “IFOS” for all […]
Assessment & Audit under GST
Introduction Assessment means determination of tax liability under GST Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgement assessment. […]
Technical Guide on Taxation of HUFs
Prepared by Khusbu M Kinger Introduction: An HUF is a family which consists of all persons lineally descended from a common ancestor […]
Taxation on Virtual Digital Assets
Prepared by Vasanth Kumar Introduction: Simply explained, a virtual digital asset is a digital holding that has been encrypted on the blockchain […]
UAE Corporate Tax
The Federal UAE Corporate Tax Law, which will be applicable throughout all of the Emirates and to all corporate and commercial activities, […]
Recent changes in Withholding Tax Rate
Prepared by Baskar P & Sanjay Kumar S FTS & Royalty rates under Section115A have been increased from 10% to 20% with […]
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 […]
Presumptive taxation provisions for non-residents and NRI taxation
Prepared by Baskar P Presumptive tax provisions framework Section Framework Section 44B Shipping business Section 44BB Business of exploration, etc., of mineral […]
External Commercial Borrowings & Convertible Notes
Prepared by Khusbu M Kinger External Commercial Borrowings ECBs are permitted as ‘commercial’ loans for ‘commercial’ purposes as to be received by […]
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. […]
Organizing Transfer Pricing
Transfer pricing is the practice of setting the prices for the transfer of goods, services, or intellectual property between companies that are […]
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 […]
Family Office..?
A family office is a private wealth management entity that serves high net worth families. Family offices can be single-family or multi-family […]
Tax harvesting..?
Tax harvesting, also known as tax-loss harvesting, is a strategy used by investors to minimize their tax liability by selling assets that […]
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 […]
Funding Options
Funding refers to the financial resources provided to a person, organization, or project to support its activities or achieve its objectives. In […]
Transfer Pricing-Year End Adjustment..
Transfer pricing year end activities refer to the activities that companies undertake to comply with transfer pricing regulations and requirements at the end […]
Equity Shares – Initial Issue, Rights & Bonus Issue
Prepared by Dipesh N Mehta Introduction Most companies are usually started privately by their promoter(s). However, the promoters‘ capital and the borrowings […]
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 […]
ESG & it’s Impact
ESG stands for Environmental, Social, and Governance. These three factors are used to evaluate the sustainability and ethical impact of a company’s […]
Reduction of share capital
Prepared by Baskar P Reduction of share capital means the reduction of issued, subscribed and paid-up capital of the Company. The reduction […]
Destination India – Incentives.
India is the fastest-growing major economy in the world. The country has a diverse economy, with a mix of agriculture, manufacturing, and […]
India VC
Venture capital has emerged as a critical source of funding for startups in India in recent years. The country has witnessed a […]
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 […]
Transfer Pricing Agreement..
Transfer pricing is a term used to describe the pricing of goods, services, and intangible assets that are transferred between related entities […]
Foreign Tax Credit
Foreign Tax Credit (FTC) is a mechanism that allows taxpayers to reduce their tax liability in India by claiming a credit for taxes […]
India – OECD Secretary-General Tax Report to G20 – February 2023
India – OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – February 2023 Key points covered in the […]
SME Listing in India
Small and Medium Enterprises (SMEs) are a crucial part of India’s economy and contribute significantly to employment generation and GDP growth. The […]
Most Favored Nation..?
Understanding the Most-Favored Nation (MFN) Clause in International Trade International trade agreements are an essential aspect of modern global economics. These agreements […]
Stock Exchange in India
Prepared by Dipesh N Mehta Introduction Stock An instrument that signifies an ownership position (called Equity) in a corporation, and represents a […]
Whether taxes paid outside India is deductible from business profits under section 37(1) or whether such deductions are disallowable under section 40(a)(ii).
Prepared by Ganesh R As per Section 37(1) of the Income Tax Act, 1961. (“the act”) “Any expenditure (not being expenditure of […]
Accounting for E-Commerce and Cloud Computing Companies
E-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products or online services over the Internet. Those company […]
Beneficial Ownership – Legal Framework in India
Beneficial ownership refers to the true ownership of an asset, property or company, even if the legal ownership is held by someone […]
is Double Taxation a Curse ?
Double taxation is a term used to describe the situation where the same income or asset is taxed twice. This can occur in […]
Is reduction of Carry forward Loss or Unabsorbed Depreciation while computing book profit (Sec.115JB) is notional?
Prepared by Ganesh R Facts / Regulations Section 115JB (‘this section’) of the Income Tax Act, 1962 (‘the Act’) provides the conditions […]
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 […]
TDS on Benefit or Perquisites
Prepared by Vasantha kumar P Introduction: Section 194R, which relates to the deduction of tax on benefits or perquisites in relation of […]
Royalty and Transfer Pricing
Prepared by Ganesh R Intercompany Royalty Royalty is a consideration received by the owner of an intangible right or knowhow under license […]
Transfer of Shares of an Indian Company From Non-Resident To Non-Resident
Prepared by Khusbu M Kinger Income Tax Act, 1961 compliances: As per Section 9(1)(i) of the Income Tax Act, 1961, any income […]
Introduction to Multilateral Instrument (‘MLI’)
Prepared by Ganesh R A Report says that Starbucks, Google, Facebook, and Amazon paid less than 1% of their revenue as corporate […]
Scheme For Remission Of Duties And Taxes On Exported Products (RoDTEP)
Prepared by Ganesh R Under RoDTEP Scheme, a rebate would be granted to eligible exporters on export of items which are categorized […]
GSTR 9 & 9C – FY 2022-23
GSTR 9 & 9C – FY 2022-23 GSTR 9 is an annual return filed i.e., summary return of all the returns (GSTR […]
