Corporate restructuring is an action taken by the corporate entity to modify its capital structure or its operations significantly. Generally, corporate restructuring happens when a corporate entity is experiencing significant problems and is in financial jeopardy.
There are many changes in the tax rules effective 1st April 2022, Out of which I am going to discuss are New tax rules on EPF Interest, Taxation of Virtual Digital Assets, Filing of Updated IT Return and Tax relief on Covid-19 treatment expenses and compensation. 1. New tax rules on EPF Interest: Effective April 1, […]
Uncover the unconstitutional nature of denial of ITC to buyers for the fault of suppliers under the GST Acts. Find out more.
There are many start-ups in India who begin their journey as Limited Liability Partnership (LLP). LLP is majorly suitable for Service sectors, Professionals, Start-ups, Small Businesses, where the liability in business remains LIMITED. It is also a recommended form of business for people who want to have lesser of annual compliances and annual audit expenses […]
ST is to be levied on Margin, in case of Old and used Refurbished Car, which shall be the difference between the Selling Price and the Purchase Price.
Term Recovery Agent has not been defined in the GST Law and hence the term Recovery Agent can be derived from the general parlance used in the industry ie Agent, covers a person who is carrying the business of recovery of debt on behalf of another person.
Major of the assets of the companies covered by current assets and in that Receivables are performs a major part in the organisation and also there is risk of bad debts and hence it is necessary to have proper control over receivables and therefore in India transfer of receivables arising out of sale or loan transactions takes place quite frequently.
Oppression and Mismanagement [Section 241 to Section 246] of the Companies Act Section 241 to Section 246 covers provisions relating to ‘Oppression and Mismanagement’ under the Companies Act. The briefing of all the sections is contained hereunder- Sections Briefing Section 241 Application to Tribunal for Relief in Cases of Oppression, etc. Section 242 Powers of […]
Q.1 What are the different forms of Aadhaar and what are their features? Ans. The Unique Identification Authority of India (UIDAI) has introduced various forms of Aadhaar from time to time for the convenience of residents: Aadhaar Letter: Paper-based laminated letter with secure QR Code with Issue Date and Print Date. Aadhaar letter is sent to […]
Understanding the treatment of expense reimbursement under GST. Learn about the relevant provisions and rules for reimbursement in GST.
