Provisions under section 194R of Income Tax Act, 1961 The new TDS u/s 194R on Business Promotion Expenses shall be applicable as follows – In the recent budget 2022 in Income Tax, it is proposed to impose a TDS on business promotion expenditure expended by an organisation. It has far reaching implications even in the […]
IP (intellectual property) plays a vital role in Mergers and Acquisitions. IP mainly refers to intellectual and intangible assets of the Company, it includes patents, copyrights, trademarks, etc., and even though it’s intangible it can be more valuable than the physical assets of the company.
Introduction: Recently one of my Techie clients from the city of Bengaluru had moved into a new flat and something else was running in my mind when he took my assistance in filing his income tax return (ITR), a Young techie of around 34 years having a salary of around Rs 2 million per annum […]
SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013 What is Workplace? Section 2(o) Workplace includes- 1. Any department, organization, office, establishment owned and controlled either by central government, state government, local authority, government company or co-operative society. 2. Any private sector organization carrying on any kind of activity including sale or […]
Recent change in Finance Act 2021 in Section 45(4) and Section 9B will have far reaching impact on taxability of firm and other specified entities. We through, a series of articles, wish to discuss various issues. Reconstitution of Specified Entity – Firm, AOP, BOI- Liable for tax u/s 45(4) and 9B of ITA -Will impact […]
It is not a secret anymore that the ever increasing digitalization of businesses has rendered the tax rules developed to serve the needs of the traditional business models, futile. The digital age has encouraged a phenomenal expansion of businesses, in multiple territories without establishing their physical presence in any country.
Procedure of Incorporation of Company under Companies Act, 2013 S. NO RELEVANT SECTION LAW STEPS RELEVANT FORM TO BE FILED DOCUMENTS REQUIRED 1 Per Section-149(1) (a) of Companies Act, 2013.there should be atleast 03 directors in case of Public Company and 02 directors in case of Private Company Selection Finalisation of first director of Proposed […]
Eligibility of Input Tax Credit (ITC) on Corporate Social Responsibility (CSR) Expenses Under GST 1. Introduction: – Goods & Services Tax (GST) is regarded as the most ambitious and remarkable indirect tax reform in India’s post-independence history. The GST regime is based on uninterrupted and seamless flow of Input Tax Credit (ITC) in order to […]
Establishment of Branch office (BO), Liaison office (LO) or Project office (PO) in India 1. Introduction on the Establishment of BO/LO/PO in India (i) Eligible Foreign entities are permitted to establish BO, LO (Commonly known as Representative office) and PO in India under general or specific ‘approval’ route (ii) Eligible Foreign Entities Includes 5 followings […]
A Demat account holds and maintains shares and securities in an electronic/digital format. A Demat account facilitates easy trading and stock holding. A Demat Account holds all the investments of a person in one place.
