The issue of the transactions between the related parties or associated parties have always been a matter of great concern for the revenue authorities along with other authorities along with the other stakeholders of the business of the entities. This is due to the reason that such transactions are highly subject to or prone to the tax avoidance, tax evasion, shifting of profitability from one related entity to the other related entity which might result in loss to the Revenue and other stakeholders.
Income Statement Sequencing Explained and How to Allocate Your Income in the Most Efficient Way When it comes to a healthy diet plan, the smartest way is to eat first the low calorie and nutritious food and then when you move to the unhealthy food you are almost full, and this leaves less chance for […]
Taxation always aims at a grab of a share of profit made by business through an economic activity. It is only fair as per established convention of taxation world over, that such activities lend themselves to a tax, as a means to promote common good in a welfare state.
For the last many months on WhatsApp, groups’ message is circulating about Centralized Public Grievance Redress And Monitoring System (CPGRAMS) and its success in resolving the named individual grievance. I thought I should write a detailed write up on the functioning of the CPGRAMS portal, its current state, and whether it f
What is a Neo bank? Neo Banks are virtual entities offering various banking services, using latest technology, entirely online. Neo banks are launched by Fintech companies that build, adapt and implement technology in order to improve and automate the delivery of financial services. These Banks offer an unique banking experience to customers and with the […]
