Structured Database as Per SEBI (Prohibition of Insider Trading) Regulations, 2015 i.e. SEBI (PIT) Regulations REQUIREMENT TO MAINTAIN STRUCTURED DATABASE: The requirement to maintain structured digital database under Regulation 3(5), containing the names of such persons or entities with whom Unpublished Price Sensitive Information (UPSI) is shared, is applicable to listed companies, and intermediaries and […]
Direct taxes are taxes where the incidence and impact of taxation falls on the same entity. For instance, income tax, corporation tax, wealth tax and gift tax are direct taxes. Conversely, an indirect tax is not directly levied on the taxpayers. This tax is levied on goods/services and the person on which the burden falls and the person who pays the tax are different.
Article explains Provisions of Section 139(8A) of Income Tax Act, 1961 related to Updated Income Tax Return Applicability of sub-section 8(A) of Section 139, When sub-section 8(A) of Section 139 shall not apply, Time limit for Filing of Updated Income Tax Return and Payment of Additional Tax under section 140B related to Updated Return. 1. […]
Article explains Procedure to Convert a company Register under Section 8 of Companies Act, 2013 into a Private Limited Company. Article contains Steps to Convert Section 8 Company into a Private Limited Company, Step-wise Documents Required for conversion of Section 8 Company into a Private Limited Company, Forms to be filed for Section 8 Company […]
Due to the increase in the frequency and volume of transactions of Virtual Digital Assets, for the First Time, the provision for the taxation of virtual digital assets is introduced in Budget 2022, bringing Cryptocurrencies & Non-Fungible Tokens (NFTs) under a tax net.
Article explains meaning of the trademark objection, reasons for trademark objections or opposition. Reason for trademark objections or opposition generally includes Incorrect Trademark Form, Incorrect name of Trademark Applicant, Failure to file Form TM-48 (Trademark Application), incorrect address on trademark application, Goods or Service Specifications Aren’t Clearly Defined in Trademark Application, Existence of Similar Trademark, Absence […]
There are many taxation provisions affecting the E-Commerce transactions in Income Tax as well as GST. The government is introducing various sections in both the taxation regimes, that is Direct and Indirect Tax so as to evade non-taxation of the transactions and obtaining tax benefit.
Protocol to India’s Double Taxation Avoidance Agreements (DTAAs) with a portion of the nations, particularly European States and OECD individuals (The Netherlands, France, the Swiss Confederation, Sweden, Spain and Hungary) contains an arrangement, alluded to as the Most-Favored-Nation (MFN) provision.
Kabja Property: 1. There is only transfer of interest in the property, and not transfer of title of the Property. 2. The transfer of interest is being carried by way of unregistered agreement/deed between the parties on Rs. 100/- non judicial stamp paper, and the same is being notarised with the public notary. 3. No […]
What is a Virtual Digital Asset, how will it be taxed and what are the various uncertainties affecting it’s taxation? Amidst the craze and fanfare of cryptocurrencies and NFTs, while the crypto and NFT traders, investors and enthusiasts were consumed in experiencing the daily ups and downs of the market, the Govt of India has […]
