Explore the proposed changes to Rule 11UA for Angel Taxation introduced by the Finance Act, 2023, focusing on valuation methods for non-resident investors and entities exempted from Angel Taxation.
MCA has introduced DIR-3 Web KYC process, which enables directors of Indian companies to complete their Know Your Customer (KYC) compliance requirements online.
held that no income tax additions can be made when source of investment made against the share capital/ premium/ warrants, stands explained, as assessee and investor companies, have substantiated the same by furnishing evidences and proved the Identity, genuineness of transactions and creditworthiness of investor companies.
Discover the complete guide to start-ups, covering inception, marketing strategies, funding, tax benefits, registration under Start-up India Scheme, and the step-by-step closure process. Stay informed for successful entrepreneurship.
Understand Form 15CA and Form 15CB for making payments to non-residents in India. Learn about their significance, applicability, submission procedure, and the role of a chartered accountant. Seek professional guidance to ensure accurate compliance with international tax regulations.
Navigating Goods and Services Tax (GST) notices requires a strategic approach. Learn how to analyze allegations, understand questions, manage burden of proof, consider limitations, and seek professional guidance for effective responses. Protect your interests during the adjudication process under GST law.
Explore the detailed analysis of CBDTs Circular No. 6/2023, providing clarifications on the registration and approval process for charitable and religious trusts under the Income-tax Act, 1961. Learn about key provisions, application deadlines, and implications for existing and new trusts, ensuring compliance with income tax regulations.
Understand the implications of depositing the Rs. 2000 note in banks amid its withdrawal from circulation. Explore challenges, income tax considerations, and the need for accurate currency note counts for a smoother transition.
As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head Income from Capital Gains. Under section 48, capital gains are calculated by deducting the followings from the full value of the consideration arising from the sale of property
Explore whether penal action resulting in the freezing of shares amounts to encumbrance under SEBI (SAST) Regulations, 2011. Understand the definition, implications, and disclosure obligations for better compliance.
