Private Placement Memorandum (PPM) serves as a comprehensive document that provides prospective investors with essential information about the fund’s investment strategy, objectives, risks, and legal structure.
Income Tax Bar Association & All Gujarat Federation of Tax Consultants request a one-year deferment for new Form 10B and Form 10BB compliance due to practical difficulties.
Discover simplified taxation scheme under Section 44AD of Income Tax Act. Learn eligibility criteria, exemptions, and key insights into this taxpayer-friendly approach.
Learn about Income Tax Returns, exemptions based on age and income, and key insights for accurate filing. Avoid common mistakes and understand parameters for scrutiny.
Discover key features of OPC (One Person Company) in India, including its structure, taxability, advantages, and compliance requirements. Learn how OPCs can benefit solo entrepreneurs.
Explore interplay between Article 137 of Limitation Act and Section 238 of Insolvency and Bankruptcy Code (IBC). Learn how statutory limitations impact insolvency proceedings.
Discover the parallels between Ganesh Chaturthi and income tax audits. Learn how audits remove uncertainties, boost financial transparency, and pave the way for success.
Delhi High Court held that Amazon Web Services India Pvt. Ltd. (AWS India) is liable to withhold 8% (instead of 16%) tax of remittance on account of reseller fee paid to AWS USA.
Dive into the recent Patna High Court ruling on CGST Act Section 16(4). Explore the analysis of the judgment, addressing constitutional validity, procedural nuances, and implications on Input Tax Credit (ITC). Understand the key arguments presented by the petitioner and respondent. Uncover the court’s decision and its far-reaching consequences for taxpayers and businesses. Stay informed on the complexities surrounding denial of ITC and the potential financial setbacks for registered business owners. Disclaimer: The views expressed are for informational purposes; consult a professional for advice.
CESTAT Bangalore held that section 149 of the Customs Act, 1962 allows amendment of a Bill of Entry after the clearance of the goods only on the basis of documentary evidences which were in existence at the time the goods were cleared for home consumption. In absence of the same, the amendment is unjustified.
