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Archive: 26 April 2023

Posts in 26 April 2023

Influx of Gen Y blue collar workers in Indian manufacturing sector

April 26, 2023 699 Views 0 comment Print

The Gen Y blue collar worker is a relatively new phenomenon in the manufacturing industry. This generation, sometimes referred to as ‘millennials’ or ‘Generation Y’, has grown up with an entirely different set of expectations for their working lives than those of generations past.

Convertible Notes: A Comprehensive Guide for Investors and Startups

April 26, 2023 5844 Views 0 comment Print

For any early-stage startup, the valuation is a major issue that can hinder the process of raising funds from investors. Convertible notes can be a great instrument for early-stage startups to raise funds without determining the valuation of the company.

Income tax liability and the new ‘wage’ definition

April 26, 2023 1272 Views 0 comment Print

Explore the proposed new definition of wage in India and its potential impact on income tax regulations. Learn how this change could affect both employers and employees, altering the way wages are taxed. Understand the implications for income tax laws and the adjustments needed for payroll processes. Stay informed about the opportunities and challenges presented by this new definition in the Indian tax landscape.

GST ACT मे सेक्शन 19 सपठित सेक्शन 143 की व्याख्या

April 26, 2023 2187 Views 1 comment Print

GST ACT मे सेक्शन 19 सपठित सेक्शन 143 की व्याख्या सेक्शन 19 में जॉब वर्क के लिए प्रेषित Goods एवं कैपिटल गुड्स के लिए आईटीसी के संबंध में प्रावधान — सेक्शन 19 में जब कोई रजिस्टर्ड पर्सन अपने माल के निर्माण या प्रसरण या पैकिंग आदि के लिए किसी अन्य व्यक्ति के पास गुड्स और […]

Schematization and Leaning Out Consolidated Corporate Structures

April 26, 2023 618 Views 1 comment Print

Explore the importance of Leaning Out and Leaning In for corporate restructuring. Learn about streamlining corporate structures, reducing costs, and enhancing efficiency. Discover the methods and benefits of schematization in consolidated corporate structures.

Pendices & Aayat Niryat Forms of Foreign Trade Policy, 2023

April 26, 2023 1236 Views 0 comment Print

Appendices & Aayat Niryat Forms of Foreign Trade Policy, 2023, are hereby notified vide Public Notice No. 10/2023 – DGFT Dated: 26th April, 2023

Master Circular – Deendayal Antyodaya Yojana – DAY-NRLM

April 26, 2023 10338 Views 0 comment Print

Explore the comprehensive Master Circular on Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) by RBI. Learn about financial assistance, eligibility criteria, and role of banks

Remittances to IFSCs under Liberalised Remittance Scheme (LRS)

April 26, 2023 1860 Views 0 comment Print

Condition of repatriating any funds lying idle in account for a period up to 15 days from the date of its receipt is withdrawn with immediate effect, which shall now be governed by the provisions of the scheme as contained in the aforesaid Master Direction on LRS.

Registered Valuer must mention in his valuation report basis of his estimation

April 26, 2023 1602 Views 0 comment Print

RV has liberty to adopt the cost approach to estimate the value of plant and machinery assets in accordance with International Valuation Standards. However, by not mentioning the details of the assets including present condition, which forms the basis of his estimation, the RV is in violation of sub rule 3(j) of Rule 8 of the Valuation Rules.

Higher penalty cannot be levied where owner of goods come forward in case of detention

April 26, 2023 11592 Views 0 comment Print

HC held that penalty under Section 129(1)(b) of the UPGST Act was unjustified and untenable since the owner has come forward for payment of penalty.

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