The business enterprise environment is unexpectedly converting with recognize to technology, competition, products, people, geographical area, markets, and customers. It isn’t always enough if companies hold pace with those adjustments but are expected to beat competition and innovate in order to constantly maximize shareholder value. Inorganic growth strategies like mergers, acquisitions, takeovers and spinoffs are […]
In the awake of spread of COVID-19 cases, almost all offices have opted for an unusual and untested way of ‘working from home’ and the units established in various Special Economic Zones (SEZ) were no exception to it.
Levy of Interest of Sec 234A of Income Tax, Individual- Non Audit Cases, where net tax liability is more than 1 Lakhs- AY 2021-22 In the recent intimation of Sec 143(1) of Income Tax Act 1961, CPC is leving interest under Sec 234A till the filing of return, however the assessee has paid all the […]
Understanding GST payable on composite supply of work contract involving earth work in Maharashtra. Get insights from the Maharashtra AAR ruling.
A negotiable instrument is a piece of paper that entitles a person to pay a sum of money that is transferable from one person to another by endorsement and delivery. The main objective before introducing the Negotiable Instrument Act, 1881 is to legalize the system under which these instruments can deliver from one person to another the same as that of ordinary goods.
SRC Aviation Pvt. Ltd. Vs ACIT (Delhi High Court) Facts- The appellant is a private limited company. Sh. Arvind Chadha and Sh. Anoop Chadha are two share-holders and directors holding 50% equity shares each since inception of the company. In the Assessment year 2011-2012, the company has paid bonus of Rs.1 crore each to both […]
THE POWER OF EQUITY Mohammed Anwar Ahmed, a retired resident of Amalner, a sleepy town in Jalgaon district of Maharashtra, happened to invest in 1980 Rs. 10,000 (half of Rs. 20,000 he had got as his share from the sales proceeds of his father’s farmland) in buying 100 shares of WIPRO (then Western India Vegetables […]
Lot many exporters have started receiving notice from Customs department for recovery of Drawback as below : Notice Specimen : Sub: Non/Part Realization of Exports Proceed s for Drawback – reg. 1. While monitoring the realization of exports proceeds for shipping bills filed between 01.04.2014 to 31.03.2018 through ADVAlT / RBI BRC module of CBlC, […]
Understanding the soul of the CGST Act: why involuntary payment during investigation goes against the principles of law.
1. Introduction on FIs by Non-residents in India (i) Permitted capital instruments (a) Equity Shares (b) Convertible Debentures (c) Convertible preference Shares (d) Shares warrants (e) American Deposit Receipts (ADRs) (f) Global Deposit Receipts (GDRs) (g) Foreign Currency Convertible Bonds (FCCBs) (h) Real Estate Investment Trust (REIT) (i) Alternative Investment Fund (AIF) (j) Indian Depository […]
