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Archive: January, 2023

Posts in January, 2023

Hostile Takeovers in India – an overwatch

January 5, 2023 9096 Views 0 comment Print

Hostile Takeovers in India, an overwatch You (foreign bidder) are a global company and India is not on your map, and then you have missed the cross-border mergers and acquisitions, are suitable and more rampant feature of the Indian corporate landscape- -Dr. Manmohan Singh, Former Prime minister of India Introduction Mergers and Acquisitions have been […]

SEBI vs. IBC – A Post CIRP anomaly

January 5, 2023 3369 Views 0 comment Print

SEBI released a consultation paper on modalities of Insolvency and Bankruptcy law, when process was applied to publicly listed companies.

SC upheld center’s decision on demonetisation of 500 & 1000 rupee notes

January 5, 2023 6687 Views 0 comment Print

SC upholds Central Government decision on demonetisation of 500 & 1000 rupee notes by a Majority of 4:1 in the case of Vivek Narayan Sharma Vs. Union Of India.

TDS on VDA (Virtual Digital Assets)

January 5, 2023 21210 Views 1 comment Print

Navigate the realm of TDS on Virtual Digital Assets (VDA) with insights into section 194S introduced in the Finance Act, 2022. Learn about applicable thresholds, tax deduction nuances, and the recent introduction of section 115BBH. Stay compliant and informed in the dynamic landscape of digital asset transactions.

GST on Royalty on Minerals excavated from Mines – Constitutional Validity

January 5, 2023 31479 Views 2 comments Print

Unraveling the complexities of GST on minerals royalty! Dive into the constitutional validity of entry No. 5 of notfn 13/2017-CT(R) and recent legal developments. Explore the impact on mining leases, the definition of supply, and the ongoing judicial scrutiny. Stay informed with expert analysis.

Non Disclosure Agreements

January 5, 2023 1296 Views 0 comment Print

Unlock the secrets of Coca-Colas success! Learn about Non-Disclosure Agreements (NDAs) and how they preserve confidential information. Explore the types, essential clauses, and importance of NDAs in safeguarding trade secrets, technology, and business strategies.

Updated Return – Comprehensive chart from AY 2020-21 to 2022-23

January 5, 2023 3825 Views 0 comment Print

Article explains What is Updated Return, Who can file Updated Return, Time Limit to file Updated Return, Manner of Computation of Tax in case of Updated Return and contains Comprehensive chart related to Updated Return from AY 2020-21 to 2022-23.

RBI releases Annual Report of Ombudsman Schemes, 2021-22

January 4, 2023 936 Views 0 comment Print

The volume of complaints received under the Ombudsman Schemes/ Consumer Education and Protection Cells during the year 2021-22 increased by 9.39 per cent over the previous year and stood at 4,18,184 during the reported period.

Non-compete fee taxable under business income

January 4, 2023 6630 Views 0 comment Print

ITAT Mumbai held that the amount of non-compete fee is taxable under section 28(va) of the Income Tax Act under the head ‘Income from Business & Profession’.

Cenvat credit of service tax paid during setting up of factory is duly available

January 4, 2023 1179 Views 0 comment Print

CESTAT Ahmedabad held the eligible cenvat credit of service tax paid during setting up of the factory is duly available as without use of such service the appellant could not have possibly manufactured the excisable goods.

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