India is one of the fastest growing economies in the world. It has experienced a tremendous growth rate since 2013 and is expected to continue its growth trajectory in 2023 as well. I
Analyze Section 9A of the Income Tax Act, 1961. Understand the activities that do not constitute business connection in India & its impact on foreign parties. Learn how the Section provides relief to non-residents who derive income in India and avoiding double taxation.
The Income Tax Act 1961 is the legal framework governing taxation related matters in India. According to section 9 of the Income Tax Act, any income received by a taxpayer, either in cash or in kind, that is deemed to accrue or arise in India shall be liable to tax.
False statements made knowingly and willfully have a criminal offence under Section 448 of the Companies Act, 2013. Learn more about the punishment in this analysis.
Providing false evidence to Registrar or other authorities appointed under Companies Act, 2013 is a punishable offence with fine up to INR 1 lakh or 6 months jail or both, as per Section 449
Section 34 of Companies Act 2013 deals with liability for shifting financial statements or prospectus. It specifies that any person who is found to be responsible for any false statement or misstatement in prospectus whether or not the prospectus is published shall be liable.
Ensure compliance with Section 338 of Companies Act 2013. Proper accounts should be kept to avoid liability & fines. Follow the Act’s rules & regulations & review records regularly.
Learn how Section 339 of the Companies Act 2013 addresses fraudulent conduct of business in India. Analysis of implications & effects on shareholders & stakeholders.
Money laundering is a serious criminal offence with severe penalties. The Prevention of Money Laundering Act, 2000 (PMLA 2000) was put in place in order to tackle this escalating crime and provide measures to prevent people from facilitating money laundering activities. The PMLA 2000 uses a two-pronged approach to tackle this offence, penalizing individuals or […]
Strengthening Financial Systems: Enhancing Compliance Through Prevention of Money Laundering Act 2002 (PMLA 2002) What is Money Laundering? Money laundering is the process of disguising illegally acquired income and transferring it into a legitimate financial system. Money laundering is used to camouflage the source of unlawful funds, often sourced from criminal activities such as drug […]
