Going public is the process by which a private company becomes a publicly traded entity through an Initial Public Offering (IPO). This means that the company’s shares are available for purchase by the general public, and the company becomes publicly owned.
Understand the taxability of PF contribution and interest. Explore the provisions of the Income-tax Act and recent amendments affecting the taxability of employee and employer contributions. Learn about the threshold limits, TDS implications, and how interest income is calculated. Get insights through examples to comprehend the nuances of tax treatment on PF contributions.
Unlock insights into the increased tax rate on royalties and technical service fees in India post the Union Budget 2023-24. Understand the implications for non-residents and Indian companies, the role of Double Tax Avoidance Agreements, and the importance of filing Income Tax Returns. Get expert guidance on mitigating the impact and navigating the changing tax landscape.
Allahabad High Court in Delhivery Limited Vs State of U.P held that consigner or consignee has right to challenge GST order passed against Driver of Vehicle by presenting documents proving their ownership of the goods.
In real estate transactions successive payments from buyer of property is involved in form of advances. Considering general view provision of construction services exceeds duration of 3 months therefore can be termed as continuous supply of services* as per Section 2(33) of CGST Act.
There is no information available to suggest that the Goods and Services Tax (GST) poses a threat of any kind. It is a tax system implemented by the government for indirect taxation purposes and is not associated with terrorism or any illegal activities. If you have any specific concerns or questions about GST, feel free to ask, and I’ll do my best to provide information.
Ace the CS Professional Exam with an All India Rank using our expert tips. From understanding the exam structure to effective study organization, we cover it all. Explore the importance of classes versus self-study, consistency, and dedication. Learn the significance of a well-structured study plan, maintaining health, and practicing with past papers.
RBI has issued a circular allowing remittances to International Financial Services Centres (IFSCs) for the purpose of ‘studies abroad’ under the Liberalised Remittance Scheme (LRS). This move expands the scope of permissible transactions in IFSCs and benefits resident individuals pursuing courses mentioned in the gazette notification.
Calcutta High Court held that Look Out Circular has dangerous repercussions on the person’s right to freely move across and beyond the country and remain mobile. Hence, Look Out Circular cannot be made the norm for recovery of outstanding payments to the Bank.
ITAT Amritsar held that revisionary order under section 263 of the Income Tax Act unsustainable as AO accepted the deal of sale of agriculture land with a conscious and independent application of mind.
