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Archive: 22 March 2023

Posts in 22 March 2023

Tax return filing requirements by Partnership entity in USA

March 22, 2023 2700 Views 0 comment Print

Explore US partnership tax filing requirements, Form 1065 details, deadlines, and consequences for non-compliance. Get insights on SALT, accounting methods, and obligations for Indian partners.

How to Calculate Customs Duty on Imported Goods in India

March 22, 2023 156315 Views 4 comments Print

Calculating customs duty correctly is crucial for businesses and individuals involved in importing goods into India. It involves understanding the different types of customs duty, the factors that affect the calculation, and the steps to follow when calculating customs duty.

IFSCA: Amendment to Circular titled ‘Framework for Ship Leasing’

March 22, 2023 585 Views 0 comment Print

Activities under operating lease are integral part of ecosystem and may be included as part of shipping ecosystem in IFSC, as at present many of Indian players are going off-shore for availing these services.

Import of Agricultural Urea on Government account allowed through IPL

March 22, 2023 765 Views 0 comment Print

Import of Urea (Agricultural grade) on Government account is allowed through Indian Potash Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015­2020, till 31.03.2024 vide Notification No. 61/2015-2020-DGFT Dated:22 March 2023. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. […]

Inclusion of transportation cost of inventory while calculating Liquidation value

March 22, 2023 636 Views 0 comment Print

The Authority finds that since valuation is more of a subjective exercise, a valuation report must be transparent and set out all the necessary information and assumptions behind the valuation estimate provided by a valuer so as to enable the stakeholders to form a judicious economic opinion on the report. The RV acknowledged that since […]

Regulatory Framework – Liability of Independent Directors

March 22, 2023 5241 Views 0 comment Print

Whether an Independent Director would be liable or not in a for a particular act or omission would depend on the facts of each case. But it is necessary that Independent Directors shall perform their duties diligently.

SEBI: Form & norms for furnishing PAN, KYC details & Nomination

March 22, 2023 2589 Views 0 comment Print

Stay compliant with SEBIs latest norms effective April 1, 2023. Learn about processing investor service requests, furnishing PAN, KYC details, and Nomination. Insights by SEBI guidelines explained by experts.

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