The US federal bifurcates the taxpayers into two prominent heads – Non-resident Aliens (NRA) and Resident Aliens. Usually, a resident alien is taxed on their worldwide income, the same as a US citizen. Resident aliens have to report all types of income and the amounts earned inside and outside the US.
A Limited Liability Partnership is a business that requires at least two partners and there is no upper limit for number of partners in the firm. It is an alternative corporate business form.
Discover the key income-tax proposals in Union Budget 2023-24. Learn how 33% increase in capital spending plans to bolster of India’s infrastructure, create jobs and boost growth. 50 additional airports & 100 projects identified. Investment opportunities & 2.4 trillion rupee for railways budgeted.
Learn about the implications of Amendments in Budget 2023 on Trusts, their functioning and formation. Trusts are neither encouraged nor trusted in the Budget 2023, but every budget.
Corporate fraud is an act that misleads people by false representation of facts or wrongful concealment of facts, which results in an unethical or illegal gain.
Section 447 of the Companies Act, 2013 (‘Act’) provides for the punishment of fraud in company matters. The offence of fraud is punishable, on conviction, with imprisonment, a fine or both. In recent years, with increased frauds, the Indian regulators have deemed it most apt and important to regulate the frauds in company matters.
Decode the Union Budget 2023-24 with its 114+ direct tax clauses. Understand the differences between the old and new regimes with insights from tax practitioners/chartered accountants.
Learn about the Agnipath Scheme, 2022 and its tax treatment, implemented by the Ministry of Defence on November 1, 2022. Non-lapsable dedicated Agniveer Corpus Fund and Seva Nidhi Package explained.
Detect suspicious activities with money trail to identify Financial Frauds in India. How we can Identify money trail in cases of financial frauds Learn the best way to spot fraud and stop it early.
Investors, fund managers & other participants to the Indian investment landscape Learn the key provisions and proposals outlined in SEBIs 5 AIFs consultation papers. Critical Analysis of SEBIs Consultation Papers on AIFs
