Several notices have been issued recently by the GST Authorities seeking to recover GST on the assignment of the leasehold rights by the occupiers of the industrial plots owned by GIDC. In the present article, we analyze the issues concerning (a) the levy of GST on such transactions and (b) the availability of the ITC if GST has been charged.
Corporate Social Responsibility, which refers to a company’s voluntary initiatives to take responsibility for its impact on society and the environment. CSR is the way in which companies integrate social and environmental concerns into their business operations and interactions with stakeholders, including customers, employees, shareholders, communities, and the planet.
This blog post aims to provide a comprehensive comparison of lay off laws in India and Dubai, detailing the legal requirements and procedures an employer in both jurisdictions must adhere to when laying off an employee.
Discover the intricacies of Managerial Remuneration under the Companies Act, 2013. Learn about limits, approval processes, disclosures, and legal aspects. Demystify the complexities of compensating managerial personnel while maintaining regulatory compliance
Understand the intricacies of IND AS 115, the accounting standard for revenue recognition. Explore the five-step model, criteria for contract identification, performance obligations, transaction pricing, and more. Learn how this standard enhances transparency in financial statements and impacts revenue recognition practices for entities dealing with contracts with customers
Explore the strategic decision of share buybacks in this comprehensive guide. Understand the reasons, legal framework, methods, and benefits for both companies and shareholders. Learn about compliance, taxation aspects, and technical issues involved in the buyback process.
Form 10BD is a statement required to be furnished by the donee, i.e., the trust, NGO or institution that receives donations under Section 80G of the Income Tax Act, 1961. The purpose of this form is to provide details of the donations received during the financial year and to ensure that the donations received are genuine and eligible for tax benefits.
Learn how to calculate HRA (House Rent Allowance) exemption under the Income Tax Act. Understand the factors like basic salary, actual rent paid, and HRA received. A comprehensive guide for employees to ensure accurate tax planning.
Quick reference guide for SA 710 Comparative Information, Corresponding Figures & Comparative Financial Statements. Learn about scope, objectives, definitions, audit procedures, and reporting requirements. Essential insights for auditors and financial professionals.
Employee stock option plan ESOP is a contractual agreement that offers employees the right, but not the responsibility, to purchase or subscribe to a defined number of firm shares at a fixed price, such as the exercise price. There is no change in the exercise price if once decided even if future market prices increase.
