Pre-Budget Memorandum for 2023-24 in respect of suggestions on Direct Taxes, Indirect Tax and Railways. We have concentrated on Tier 2 & 3 cities like Shivamogga with following suggestions which, we are sure, will meet with your approval. Each of the suggestions has been necessitated on account of the critical issues of demand generation, job creation, industrialization especially in tier 2 cities.
Understand the taxation of expatriates in India, covering the residential status, taxability, and exemptions. Explore how the Income Tax Act and Double Tax Avoidance Agreement influence the taxation of expats’ income, ensuring compliance with relevant regulations.
Learn the process of transferring shares to IEPF (Investor Education and Protection Fund) as mandated by the Companies Act, 2013. Discover the steps companies take and understand how to claim back these shares, ensuring compliance with the regulations.
Understand the significance of Shop and Establishment (S&E) Registration in Uttarakhand. Learn about its mandatory nature, legal compliance, protection of employee rights, government oversight, ease of doing business, and access to government schemes. Discover the steps involved in obtaining S&E registration in Uttarakhand, including document gathering, online application, inspection, and renewal. Stay informed and consult experts for accurate information on the process.
Explore Section 80U of the Income Tax Act for a comprehensive analysis of tax exemptions for individuals with disabilities. Understand the definition of disabilities certified by medical authorities, tax exemptions based on income and treatment expenses, exemption limits, and other benefits such as relief from tuition fees and allowances. Be aware of the time limit for filing tax returns under Section 80U and ensure compliance with the Income Tax Act. Empower individuals with disabilities to navigate tax benefits and enhance financial well-being.
Explore tax benefits under Section 35AC of the Income Tax Act 1961, encouraging eligible companies to contribute to public welfare projects. Enjoy deductions of 125% of the amount spent, capped at 10% of net profits, fostering social welfare and development. Ensure timely approval from the National Committee for Promotion of Social and Economic Welfare to avail deductions. Learn about the positive impact on education, health, environment, and more. Leverage Section 35AC for an easier and efficient means of contributing to the betterment of society.
Explore the responsibilities of auditors under the National Financial Reporting Authority (NFRA) in India. NFRA ensures fairness, transparency, and prevents corporate frauds by setting accounting and auditing standards. Auditors are expected to maintain independence, report irregularities, and comply with NFRA guidelines, contributing to a disciplined and transparent corporate sector. Stay informed about the key duties of auditors for investor protection.
Explore the key features of the Ministry of Corporate Affairs (MCA) 3.0 portal in India. With a new e-form system, e-payment, e-KYC, and e-Governance, MCA 3.0 aims to streamline company registration and compliance, making the process more efficient and convenient. Stay updated with the latest advancements in Indian business services.
Unlock the potential of Employee Stock Ownership Plans (ESOPs) in India by navigating compliance requirements. Explore the overview, compliance obligations, benefits, and tools to ensure seamless ESOP compliance. Empower your employees while safeguarding investor interests.
Bombay High Court held that proceedings that are not concluded within a reasonable period cannot be carried forwards after an inordinate delay.
