What’s a Blank Check Company? or SPAC ( Special Purpose Acquisition Company)? About Blank-cheque Company: A SPAC, or a blank-cheque company, is an entity specifically set up with the objective of acquiring a firm in a particular sector. The aim of this SPAC is to raise money in an Initial Public Offering (IPO), and at […]
Any person responsible for paying to a non-resident, not being a company, or to a foreign company, shall deduct income-tax thereon at the rates in force is responsible to deduct tax u/s 195 of the act. Nature of Payment a) Any interest (not being interest referred to in section 194LB, 194LC and 194LD). b) Any […]
Understand the analysis and grounds for rejection of book of accounts in income tax assessments. Learn about the consequences and ways to minimize rejection.
The use of gift vouchers or prepaid vouchers/cards in businesses has gained popularity, not only in B2C transactions but also in B2B transactions. Voucher -Under GST Regime: “Section 2(118) “voucher” means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both […]
