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Archive: June, 2023

Posts in June, 2023

SEBI clarification on open offer obligations & exemptions – Vidli Restaurants Limited

June 23, 2023 2109 Views 0 comment Print

Read the interpretative letter issued by the Securities and Exchange Board of India (SEBI) in response to Vidli Restaurants Limited’s request for informal guidance on Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter discusses the proposed transaction involving the transfer of shares and voting rights within the promoter group and provides clarification on open offer obligations and exemptions.

A Guide to the Prevention of Sexual Harassment at Workplace Policy

June 23, 2023 1911 Views 0 comment Print

A comprehensive look at the Prevention of Sexual Harassment at Workplace Policy. Understand its scope, definition, responsibilities, complaint mechanisms, and the company’s commitment to ensuring a safe work environment.

Procedure for Amnesty Scheme Application for Default in Export Obligation – Manual Mode

June 23, 2023 2289 Views 0 comment Print

DGFT issued a policy circular outlining the procedure for applying for the Amnesty scheme for a one-time settlement of default in export obligation by Advance and EPCG authorization holders. In case of difficulties faced with the online application, exporters can now utilize a standalone website to submit their applications in manual mode. This circular provides detailed instructions for filing the application and processing it through the Regional Authorities.

Understanding Purchasing Power Parity

June 23, 2023 2310 Views 0 comment Print

Unlock the complexities of Purchasing Power Parity (PPP) with our comprehensive guide. Explore the theory, intuition, and calculation methods behind PPP. Understand its implications for global economies, trade imbalances, living standards, and currency valuation. Delve into real-world examples and economic forecasting. While PPP is a valuable tool, we also highlight its challenges, ensuring you grasp the nuances of this crucial economic concept. Master PPP with our insightful guide to make informed decisions in the world of international finance.

Expenditure incurred on community development is allowable u/s 37(1)

June 23, 2023 1155 Views 0 comment Print

ITAT Mumbai held that expenditure incurred on community development/CSR are allowable under section 37(1) of the Income Tax Act.

Winding Up: A Corporate Diaspora

June 23, 2023 1542 Views 0 comment Print

Section 2 (94A) of companies act of 2013 refers to winding up under the act or juxtapose as per IBC, 2016. To begin with the prima facie understanding of the said procedure, a company winding up will always have an administrator who will act like a liquidator responsible for the distribution of remaining resources by assuming control.

Adjustment u/s 143(1)(a) by disallowing exemption u/s 11 without prior intimation is unjustified

June 23, 2023 3873 Views 0 comment Print

ITAT Kolkata held that in respect of any adjustment proposed to be made u/s 143(1)(a), a prior intimation is required to be served on the assesse. Failure to issue such prior intimation to the assessee before making an adjustment by way of disallowing the claim of exemption u/s. 11 of the Act is unjustified.

Indian Economy’s Growth Prospects and GST Updates till 22.06.2023

June 23, 2023 1626 Views 0 comment Print

Discover expert views on the prolonged growth potential of the Indian economy, with the Chief Economic Advisor projecting a growth rate of over 7 percent in the current financial year. Get insights into the latest GDP forecast by the OECD and stay updated with key GST updates, including extension of due dates, guidelines for GST registration, the upcoming GST Council meeting, and measures to combat fake registrations.

Unlocking the Path to Funding: Strategies for Securing Startup Investments

June 23, 2023 606 Views 0 comment Print

Unlock the secrets to securing funding for your startup with our expert guide. From refining your pitch and building a strong network to targeting early-stage investments and leveraging crowdfunding, we cover strategies for success. Tailor your approach to investors, demonstrate traction, and prepare for due diligence. Let us help you navigate the complex landscape of startup funding and turn your entrepreneurial dreams into reality. Consult CS Srajan Garg, your trusted Startup Consultant and Ecosystem Enabler.

Lease Rent – Whether Income from House Property or Business Income

June 23, 2023 16686 Views 0 comment Print

Master the nuances of lease rent taxation with our comprehensive guide. Learn how courts, including the Supreme Court, determine if lease rent is business income or income from house property. Uncover the impact on tax liabilities and deductions, with insights into claiming benefits like a 30% standard deduction or business expenses.

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