In a layman’s language, Employee Stock Option Plan (ESOP) is an option given as a right and not an obligation to the employees of the Company to purchase the Company’s shares at a fixed price during a specified period of time. We can say that ESOP drives benefit to the both the Company and the […]
A Committee of Officers has been constituted on Generation of Electronic Invoice through GST Portal to, inter-alia to Study and examine the electronic tax invoice system of South Korea, Latin America and other relevant countries, Examine and suggest the target taxpayers and threshold limits, Examine impact on the E-way Bill, Examine and suggest integration of […]
EXTERNAL COMMERCIAL BORROWINGS; External Commercial Borrowings (ECBs) are loan made by non-resident lenders in convertible foreign exchange to the Indian borrowers. ECBs are the instruments through which loans are availed by India borrowers from foreign sources. ECBs include bank loans, buyer’s credit, supplier’s credit, securitised instruments, such as floating rate notes, fixed rate bonds, etc. […]
There are thousands of small businesses which starts off in India every day but unfortunately, most of them forcefully close up their operations in a few months/years. I have tried to list 4 common reasons ‘Why many of the small businesses have to shut down and how you can avoid them to be at a […]
As per English dictionary, the word ‘Dormant’ has various meanings such as alive but not actively growing or temporarily inactive. Status of Company as a Dormant Company also implies the same meaning under the provisions of the Companies Act, 2013 which provides some relief to the Companies regarding compliances to be followed as comparison to […]
In respect of foreign payments, TDS u/s. 195 is quite a grey area of the Indian Income Tax Act (act). Every payment to a non resident is not liable for TDS u/s. 195. A decision as to the coverage of any payment u/s. 195 requires determination about taxability of income in the hands of NR […]
