A. Existing Provisions relating to dividend taxation: (i) Tax implication in the hands of company: Under the existing laws, even though dividend constituted income in the hands of the shareholders, the tax on such dividend was payable by the company which declared dividend, @ 15% of the gross dividend under section 115-O (plus surcharge and […]
Leave Travel Assistance / Allowance / Concession (LTA) Leave Travel Concession / Assistance / Allowance (LTA) is generally paid as a part of salary to employee for his travel on his planned leaves with / without his family. The amount paid by the employer to employee is exempt from tax subjected to conditions which is […]
Any person who has a gross turnover/receipts/sale from his business in preceding financial year exceeding Rs. 10 Crores (excluding those persons who are notified in official gazette by central Govt) AND That person (seller) has sold goods to a buyer in excess of Rs. 50 lacs after 01.10.2020 THEN On further sale of goods by […]
Merger of large companies in same industry is Anti-Competitive but merger of Vodafone & Idea is not (though merged entity will have highest market share in Wireless Telecom Market). Here’s why? Introduction: Reliance Jio, A company which brought digital revolution in India and has changed the composition of telecom industry which was originally having 11 […]
Cryptocurrency, such as Bitcoin, is a digital form of currency. One major advantage of using this is that it is almost impossible to forge. This is due to cryptography being used as part of transactions, ensuring everything is more secure. Cryptocurrency is popular across the world. However, there are concerns regarding its use in India. […]
Scope of Section 194N of the Income tax Act 1961, and recent amendments to it brought by Finance Act, 2020 and Press release In the maiden Budget Speech, while presenting the Union Budget 2019, the Finance Minister Nirmala Sitaraman said that in a bid to promote digital payments and to discourage cash payments she proposed […]
♦ Purpose of the provisions of Section 185: To address the difficulties being faced in genuine transactions due to the complete embargo on providing loans to subsidiaries with common directors, the companies are permitted to give loans to entities in which directors are interested after passing special resolution and adhering to disclosure requirements. This would […]
Current Status: The bill received the accent of the President on and was published as “Code of Wages,2019” in the Official Gazette on 8th August 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint and different dates may be appointed for different provisions […]
Why Aircel has filed for Bankruptcy despite being a Sixth Largest Telecom Company with around 7.5 Crores Subscribers in the month in which application is filed. Introduction: Aircel Limited, which was incorporated in the year 1999 by Sivasankaran, since its Incorporation, it was growing at a good rate. In the initial stages, it started its […]
Companies moving from China to India may not have a major beneficial impact on the country’s economy. In this article, we will be focusing on why companies exiting china are preferring Vietnam over India.
