Place of Effective Management (PoEM) is an internationally recognized test for determining the residential status of a company incorporated in foreign jurisdiction. This concept is crucial for all the tax treaties entered into by India as it helps to avoid double taxation.
Till now many of us must have received a message informing us to link our PAN with Aadhar on or before 31/03/2023 or else our PAN will be inoperative. These messages seems to be partially correct as PAN will be inoperative for all those individuals ‘who are required’ to obtain Aadhar Card and link it to their PAN.
As you are all aware, our government is urging us to link our PAN cards and Aadhaar cards. In order to enforce some strictness in this matter, they set a deadline of March 31, 2023 (which has been extended to June 30, 2023) for doing so.
Understand the significance of audit trails in accounting software. Explore the benefits, challenges, and importance of maintaining audit trails for compliance, user accountability, security, and process improvement. Get insights into the amendments made by the MCA, the extension of the implementation, and the impact on businesses. Stay informed about the what, who, when, where, and how of maintaining an audit trail and address challenges to enhance efficiency.
Explore the amendments to Section 115BAC by the Finance Act, 2023. Get insights into the rebate for individuals opting for the new tax scheme and changes in maximum exemption limits, deductions, surcharge rates, and tax slabs. Stay informed for A.Y. 2024-25 and beyond.
Stay compliant in April 2023 Explore the statutory compliance calendar, covering Income Tax, GST, ESIC & EPFO Acts. Don’t miss important due dates.
Traditionally lender’s uses Credit Scoring as a major tool in its Credit Underwriting process. Traditionally lender verifies the Customer’s Credit Worthiness through the Credit Score of an individual.
Are you looking for an investment option to increase your savings fast? A Fixed Deposit can be an ideal choice. Before you invest in a Fixed Deposit, learn everything about its advantages and disadvantages.
A Share Purchase Agreement is a contract that lays out the terms and conditions related to the sale and purchase of shares in a company, ensuring that both parties are in an agreement.
It is seen in a number of cases that notices u/s 148A(b) are being issued on the basis of report of Investigation Wing of Income Tax Department, the Income Tax Officers hardly make any independent enquiry and thus relies on the report of Investigation Wing. This is called ‘borrowed satisfaction’ and an assessment order culminated on the basis of borrowed satisfaction can’t survive the test of appeal and shall be set aside at some stage in appeal.
