"I am a Chartered Accountant, Registered Valuer (SFA), qualified CPA(USA), qualified Independent Director having experience spanning more than 10 years in Direct Taxation, FEMA, Valuation advisory, compliance and representation service ."
1.0 Charity registration granting donation deduction u/s 80G of the Income Tax Act (‘IT Act’) to the donors (Rule 11AA of the Income Tax Rules, 1962 (‘IT Rules’): 1.1 Requirement for approval of institution or fund under section 80G(5)(vi) of the IT Act i.e. for granting donation deduction u/s 80G of the IT Act to […]
Government of India changes FDI Rules to curb opportunistic takeovers of Indian Companies. Change in Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic During the ongoing global pandemic of COVID—19, stock markets across the world had crashed. Indian markets were not an exception to this. […]
Key Recommendations of CoE on Need for an Institutional Framework for Regulation and Development of Valuation Professionals in India In August 2019, the Ministry of Finance (MoF) had constituted Committee of Experts (CoE) to examine the need for an institutional framework for regulation and development of valuation professionals in India. The said CoE had submitted […]
Article explains Legislative requirements of valuation of Securities and Financial Assets in India under the Companies Act, 2013, The Income tax Act, 1961 and Foreign Exchange Management Act, 1999 and Regulations made there under. The valuation profession has undergone a sea change in recent past especially after the introduction of concept of Registered Valuer (RV) […]
