Article explore process of forming a subsidiary of a private company in India, with a focus on Companies Act, 2013, and Income Tax Act, 1961, considering revisions & amendments
The Indian government has recently introduced new tax laws that provide angel tax exemption in an effort to foster the growth of startups in the country. These measures have brought about a positive shift in the regulatory environment, offering relief and encouragement to both entrepreneurs and angel investors.
Explore the legal complexities surrounding transgenic animal patents through the Harvard College vs. Canada case. Understand the global perspectives on patenting living organisms and the impact on intellectual property rights.
RBI has recently introduced new rules for bad loans provisioning, aiming to enhance quality of bank assets & bolster overall banking system
GSTN introduced a new feature on its E-invoice Portal that allows users to access Invoice Reference Number (IRN) or verify authenticity of IRNs associated with their invoices.
Explore the intricacies of interpreting statutes with this comprehensive analysis of rules, including the literal rule, reasonable construction, harmonious construction, Haydon’s rule, and more. Master statutory interpretation for accurate legal analysis and compliance.
Stay updated on the latest Exemptions under GST with insights into power provisions, notifications, and points to ponder. Understand exempt supply implications, composite supply, mixed supply, and more. Ensure compliance and avoid penalties with accurate interpretation of exemption notifications.
Ensure accuracy in GST reconciliation with these key points and a step-by-step process. Timely reconciliation, data accuracy, documentation, and error rectification are crucial for compliance. Follow the case studies for practical insights and consult tax professionals for business-specific compliance requirements.
Understand the taxability of Futures and Options (F&O) business income under the Income Tax Act, 1961. Learn about treating F&O income as business income, taxation of profits and losses, applicability of tax audit, reporting in Income Tax Return (ITR), and deductions. Explore the concept of turnover in F&O trading with an example, and know the criteria for tax audit based on turnover. Get insights on calculating turnover for futures and options trading and consult a chartered accountant for accurate turnover calculation.
Discover why choosing a Private Limited Company is a preferred option for raising funds in a startup business. Learn about equity issuance, investor attraction, employee stock options (ESOPs), perpetual existence, legal protection, and corporate governance. Compare examples of fundraising scenarios between a Private Limited Company and a Limited Liability Partnership (LLP) to understand the advantages and considerations for each structure.
