Nations around the world engage in many kinds of agreements related to financial matters. Such treaties and agreements prove to be beneficial for the residents (individuals as well as business entities) of those countries who are active parties in the agreement. They can provide a tax credit, tax exemptions, and an overall cut in the […]
The Indian Government came up with the concept of Woman Director in the Companies Act, 2013. This article explains Who needs to appoint Woman Director, Time period given to Company for compliance with provision related to appointment of Woman Director, Role of Woman Director, Eligibility to become a Woman Director, Term of Women Director, Intermittent […]
The 2020 edition of the Global Innovation Index (GII) presents the latest global innovation trends and the annual innovation ranking of 131 economies. India like earlier years, stood first in its income group and 48th among all nations. A still moment to celebrate, this achievement can be explained in details from the report of GII. […]
Legal profession is said to have emerged in the middle of the 12th century and it became more prominent during the 13th century as generally agreed by various academic researchers and ancient books. In the early years of legal professionalism there were only two types of lawyers – the serjeants and attorneys. Serjeants were pleaders who spoke for the clients while attorneys handled procedural matters.
♦ If you are paying more than Rs.50 lakhs to any resident person for any professional / commission or contract work – You need to deduct 5% TDS irrespective of facts that expense is personal or business. For e.g. Assume you wants to construct a residential house and you hire a contractor and pays more […]
Business entities in India have been fighting with several multiple business laws, rules, regulations, policies, procedures, formats and authorities for running their business and statutory compliance has become a nightmare for most of them, especially the small business entities.
The CFSS 2020 is a scheme with bundled benefits. Few of which are as follows: a) Waive off additional fees – companies availing the scheme will not be liable to pay additional fees and penalties on belated filings. Hence, this will promote compliances among small company which were deliberately avoiding compliances due to heavy fines and penalties.
IBBI penalise for appointing person other than Registered Valuer for carrying out Valuation IBBI regulator for Insolvency Professional as well as Registered Valuer by virtue of order No. IBBI/DC/27/2020 dated 24th August 2020, barred Insolvency Professional to seek or accept any process or assignment or render any services under the Code for a period of […]
Not-for-profit organizations are types of organizations that do not earn profits for its owners. All of the money earned by or donated to a not-for-profit organization is used in pursuing the organization’s objectives and keeping it running. Typically, organizations in the non-profit sector are tax-exempt charities or other types of public service organizations, and as such, […]
A. Introduction The rules on interpretation of tax legislation are important to understand as they play a key role in the outcome of tax disputes in Kenya. Chinese companies operating in Kenya would greatly benefit from this knowledge. The thesis considers several High Court decisions on the issue. It then considers possible queries that arise […]
