For financial investors, the RPT (related party transaction) framework can be an important consideration when evaluating investment opportunities. The level of transparency and disclosure required for related party transactions can provide valuable information about the risks associated with investing in a company.
Depreciation may be claimed under the Income Tax Act for purchases made by an assessee during the financial year in furniture, equipment, and machinery. For a corporate entity, depreciation on computers and computer resources may be a substantial source of corporate tax savings.
Explore the Paper Import Monitoring System (PIMS) introduced by DGFT as per Notification No. 11/2015-20. Learn about mandatory registration, the process, and key details for importers. Stay compliant with the new regulations.
कैश लेनदेन कम से कम हो और उनकी ज्यादा से ज्यादा रिपोर्टिंग हो, इसके लिए सरकार ने आयकर विभाग के माध्यम से कैश लेनदेन पर लगाम विभिन्न प्रावधानों के अनुपालन से किया है. फिर भी प्रायः यह देखने में आया है कि कैश का उपयोग व्यापार में धड़ल्ले से किया जा रहा है. इसी लेनदेन […]
Explore the Google vs CCI case on Abuse of Dominant Position under Section 4(2)(a)(i) of the Competition Act, 2002. Understand how Google’s practices limited competition, entry barriers created, and the penalties imposed.
Explore the key details of Section 80PA Deduction, providing a 100% deduction for eligible businesses of Producer Companies. Understand the conditions, restrictions, and benefits for effective tax planning.
Issue before Supreme Court was to decide who was the employer of the seconded employees during the term of their secondment. If the group companies are treated as the employer, then the services provided by them would be liable to tax, On the contrary, if the assessee is treated as the employer, then the amount paid to group companies would be treated as reimbursement on which service tax cannot be levied.
Explore the complexities of Input Tax Credit (ITC) restrictions due to Place of Supply (PoS) rules in the recent GSTR3B form changes. Understand the impact on businesses and the need for careful compliance.
Uncover the challenges exporters face with DGFT in the facilitation process. Explore a case study from Vadodara RA, shedding light on frivolous demands, erroneous practices, and the need for systemic changes.
Discover the intricacies of removing a director from a company as per Section 169 of the Companies Act, 2013. Understand the step-by-step procedure, reasons for removal, and key considerations in this comprehensive guide.
