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Rushabh Mamania

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Guide for Indian Food Delivery Start-Ups in 2021 – Part 2

April 23, 2021 1236 Views 0 comment Print

In our previous post, we discussed typical business models and key business metrics of food delivery startups. Let’s continue the discussion on revenue streams and cost structure in the food delivery space. Revenue streams Since food delivery businesses are marketplace which connect restaurants to customers, the primary revenue streams are two-fold: Commission per order (as […]

Guide for Indian Food Delivery Start-Ups in 2021 – Part 1

April 22, 2021 1641 Views 0 comment Print

The convenience of ordering food on-click coupled with the necessity arising out of COVID-19 pandemic has enabled the proliferation of food delivery start-ups in recent times. Multiple food options at tips of the fingers and quick delivery at any time and place have made such start-ups popular among millennials and Gen-Z. Therefore, the growth of […]

Exemption from capital gains on sale of equity shares

January 11, 2020 10287 Views 4 comments Print

Earlier to Finance Act 2017, section 10(38) of Income Tax Act provided opportunity to tax-evaders. It provided the exemption of tax on the capital gains arising on sale of equity shares after one year of its acquisition, if transaction was chargeable to securities transaction tax (STT).

Story of due dates and their extension

September 24, 2018 39735 Views 12 comments Print

While the Government can be blamed for due date challenge​ faced by chartered accountants; it is time for practitioners to look at the sustainable solutions to this challenge.

Analyzing draft rules notified on Country-by-Country Reporting (CbCR)

October 8, 2017 2763 Views 0 comment Print

As a measure of safeguard against base erosion and profit shifting (BEPS) by Multinational Enterprises (MNEs) and following the Action Plan 13 of OECD, of which the India is a member country, the amendment was made recently in the Income Tax Act mandating the maintenance and furnishing of Master File and filing of Country-by-Country Report (CbCR). The draft rules for public discussion relating to the said amendment were notified on 6th October 2017.

GST: CBEC announces new Duty drawback rates

September 25, 2017 5373 Views 0 comment Print

After 30th September 2017, drawback will be admissible only at lower rate determined on the basis of the custom duties paid on the goods imported for supplying goods for export.

Reporting of estimated income tax return – An Analysis [Proposed Rule 39A]

September 21, 2017 4791 Views 0 comment Print

This additional reporting requirement not only places the additional compliance burden on the taxpayers but also calls for the broader tax management on part of taxpayers to avoid tax litigations originating from wide variances between “estimated income” reported in the intimation and “actual income” reported in the Income Tax Return at end of the year.

Transaction with related persons – GST impact

September 14, 2017 35475 Views 1 comment Print

The transaction with related persons has been a special area of consideration for government and tax authorities on the assumption that the transaction may be motivated by something more than earning the profit. GST has introduced certain provisions that will affect the related party transaction of the business owner.

E-way Bill – Everything you need to know about

September 5, 2017 4392 Views 1 comment Print

Govt. came up with concept of Electronic Way Bill (also known as e-way bill). The Central Govt., through CBEC has issued Notification 27/2017, laying down rules in respect of e-way bill.

GST: E-way Bill- Transporter’s guide to compliance at various stages of Transport

September 4, 2017 3675 Views 0 comment Print

If the e-way bill is generated neither by Consignor nor by Consignee and the goods are handed over to transporter, then, Transporter must generate e-way bill. However, transporter is not responsible to generate an e-way bill in case of transport by railway, by air or by vessel.

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June 2024