Explore the tax structure in India and globally. Insights on progressive tax systems, comparisons with the USA and Japan. Understand the impact on citizens and suggestions for potential reforms.
Choosing a company name is a crucial step when registering a Private Limited Company. During the name approval process conducted by the Ministry of Corporate Affairs, applicants are required to submit two options for the company name in order of preference. The Registrar of Companies (ROC) will accept one of the two options.
Under the LODR amendment, listed entities are now required to establish a robust mechanism for rumours verification and timely dissemination of accurate information. It is essential to implement effective communication channels to promptly address rumours and counter any potential misinformation that may affect the market’s stability.
Know your Income Tax Return (ITR) due date for FY 2022-23 (AY 2023-24). File on time to avoid penalties, interest, and loss of benefits. Understand consequences of missing the ITR due date.
AAAR has dealt with the legal provisions in depth pertaining to valuation of supply and place of supply. In our view, it has correctly ruled so far as to state that ‘incentives’ do not tantamount to ‘trade discount’ and would be deemed as consideration for supply of services.
Understand Income Tax Assessment for Co-operative Societies, covering definitions, computation of total income, deductions under Section 80P, rates for AY 2022-23, 2023-24, and the new Section 115 BAE introduced in AY 2024-25. Explore proposed benefits and recent tax reforms for cooperative societies.
All of us are aware that the Customs Department often places an Alert in the EDI System relating to the import of goods or export of goods. The said Alert is placed in the System sometimes by the Officers of the DRI or Risk Management Centre of CBIC or any Customs Commissioner.
Get a detailed overview of Foreign Liabilities and Assets (FLA) returns, a key requirement for companies dealing with foreign direct investments (FDI) or overseas investments. Learn about who needs to submit, filing procedures, timelines, and potential penalties for late submissions.
An employee grievance policy states the correct process through which any employee can file a complaint regarding their workplace, coworkers or manager or about a conflict or any other issue regarding the workplace, such as unsatisfactory working conditions, immoral policies etc.
Explore the Authority for Advance Ruling under Income Tax. Learn about binding rulings, withdrawal procedures, application fees, and the purpose of advance rulings. Stay informed for a clear understanding of your tax liabilities.
