A comprehensive guide to role of auditors and audit process under Companies Act 2013. Understand appointment, reappointment, and steps to fill a casual vacancy in auditor’s role.
The need to reclassify the authorised share capital of a company in one or more classes may arise for various reasons. For example, if the company was incorporated with only one type or class of share capital, i.e., equity shares, it would be required to create a class of preference shares if it wishes to issue preference shares.
Dive into the case of Jyote Motors Bengal Pvt. Ltd. v. Additional Director, DGGI, where the Calcutta High Court adjudicates on the constitutional validity of Section 16(4) of the CGST Act.
Dive into the concept of presumptive taxation in India and explore its benefits for small businesses. Learn about the provisions of Section 44AD, 44ADA, and 44AE, and their applicability. Understand the advantages of opting for presumptive taxation and its impact on tax audits and bookkeeping requirements.
Understand the recent buzz around the 20% Tax Collection at Source (TCS) on international credit card usage in India. Analyze the relevant provisions, background, and implications of the changes in TCS rates and the Liberalised Remittance Scheme (LRS). Learn about the government’s relief measures and the credit availability of TCS.
Dividend taxation can lead to double taxation, as the profits are already taxed at the company level. This article explores the concept of dividend taxation under the Income Tax Act of India and compares it with global practices. It raises questions about the need for exemptions and discusses the potential impact on investments and economic growth.
SEBI has issued a circular introducing a format for the Annual Secretarial Compliance Report for Listed Infrastructure Investment Trusts (InvITs).
ITAT Delhi held that the receipts from centralised service income are not taxable as Fees for Technical Services (FTS)/ Fees for included Services (FIS) under Article 12(4)(a) of India-USA DTAA.
Comprehensive update on SEBI Board meeting outcomes, focusing on securities listing timelines, investor grievance redressal enhancements, and provisions for non-convertible debt securities.
ITAT Mumbai’s decision in case of DCIT vs KEC International Limited, where a 0.6% arm’s length rate was established for corporate guarantee fees, influencing future transfer pricing adjustments.
