Place of Effective Management (PoEM) is an internationally recognized test for determining the residential status of a company incorporated in foreign jurisdiction. This concept is crucial for all the tax treaties entered into by India as it helps to avoid double taxation.
Many Companies have multiple branches across various locations. The services which are availed by all the branches are usually invoiced or billed to a centralized location.
Understand when Input Tax Credit (ITC) reversal is necessary in GST, including situations like failure to pay consideration, exempt supplies, and blocked credits.
Learn about tax deductions for new employee costs under section 80JJAA of the Income-tax Act, its eligibility criteria, and practical scenarios for claiming deductions.
As we are seeing startups have been receiving increased attention in many parts of the world. In India too there has been a huge increase in the number of startups. Many startups are looking for unicorn status to gain popularity in the market. As startup ecosystem is growing rapidly in India and the government has been promoting startup culture which leads to the strengthening of the economy.
A CFO is a part of the top management of an organisation whose primary responsibility includes providing professional advice, managing the financial risks, financial reporting, taxation, compliances and record-keeping.
A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. Blockchain started to gain visibility back in 2009 when Bitcoin was invented using this technology.
E-filing Form 10F for non-residents Understand the impact of recent CBDT notifications making it mandatory. Learn the requirements and compliance burden for non-residents, including obtaining PAN and appointing professionals for DSC. Examine the impact on the tax department and increased transparency in transactions with non-residents. Stay informed to ensure compliance with Tax Treaties and avoid penalties.
Convertible Notes is a type of financial instrument which contains an option of conversion into equity on a future date.
As mentioned in our previous article, Received Foreign Funding? Comply with FC-GPR filing in 30 days, we are witnessing a massive amount of foreign funds coming into India especially through investments into Start-ups. The government is also encouraging foreign investment through different incentives like liberalizing FDI limits in various sectors.
