Deciphering the amendments to Section 56(2)(viib) & Rule 11UA(2) of the Income Tax Act post-Finance Bill 2023, impacting FDI and startup ecosystems. Explore the key provisions and valuation methodologies for unquoted equity shares received from residents and non-residents. Stay informed about the impact on closely held companies and exemptions for startups.
We start from the meaning of all the terminologies. Retrenchment is defined under Section 2(oo) of ID Act 1947. To go further down this road, we shall look into some of the words which are used interchangeably with retrenchment or can be misunderstood if distinction is not established.
Explore the crucial points to verify during a tax audit in India, covering areas like books of accounts, TDS, compliance, transfer pricing, and more. Ensure comprehensive tax compliance.
Discover the essential steps for a thorough ledger scrutiny during an audit. From reviewing entries to ensuring compliance, learn how to assess and document key accounts.
Learn the crucial steps to establish and maintain a correct accounting process in your company. From clear policies to ongoing monitoring, ensure accuracy and compliance.
Every year the government brings out and/or make provisions for introduction, amendment , deletion etc. of laws which are necessary under the circumstances then obtaining. In addition, certain explanations / clarifications /provisos are also inserted/ modified /deleted. Many a times it becomes difficult to understand if these changes of law would operate prospectively or retrospectively.
Discover the step-by-step process for public inspection under the Companies Act, 2013. Learn how to access and view public documents of registered companies or LLPs on the MCA Portal.
In case of Foreign Direct Investment, the valuation of equity instruments should be done as per any internationally accepted pricing methodology for valuation on an arm’s length basis duly certified by a Chartered Accountant or a Merchant Banker registered with the Securities and Exchange Board of India or a practicing Cost Accountant, in case of an unlisted Indian Company.
In this article, we will explore the impact of GST on real estate, its implications for home buyers, and the taxation aspects related to land purchase and property transactions.
In this article, we will explore the concept of RCM in GST, its applicability, different types of RCM, the limit of RCM under GST, the step-by-step process, major components, and the entities that come under RCM.
