Har Ghar Tiranga Campaign
To promote education related to culture is an eligible activity under Schedule VII of the Companies Act,2013 for CSR spending.
Automotive Industry Trends
Current trends, scope, and challenges faced by the Automotive industry. We live in a digitally conscious world where most customers’ wish lists are fed by what is trending rather than what they need. Before consumers buy a product, they consume it digitally, analyse the pros and cons of buying it, and then t ake that giant leap towards an investment. Like every other industry, the Automotive industry’s landscape is ever-evolving.
Applicability of E Invoicing
Advance Tax in India CBIC vide notification no. 17/2022- Central Tax dated 01st August 2022, extended the applicability of e invoicing for all the taxpayers having aggregate Annual Turnover of INR 10 Crore or more from FY 2017-18 onwards, applicable with effect from 01st October 2022. Complete circular attached
Tax Deduction or Tax Taken?
You don’t pay taxes – they take taxes” – Chris Rock. How simple and apt is this quote by Chris Rock? It puts into perspective the whole idea of taxation! Indeed, we never pay taxes – the government takes them from us. The government has implemented systems where one gets taxed while selling or purchasing goods & services, from the net income (income minus expenses), salary, etc.
GST Rate Changes after 47th GST Council Meeting
GST Rate Changes after 47th GST Council Meeting..
Section 194R TDS or Tedious?
In order to increase the taxbase & to bring a larger number of assessee’s under the tax net, the government has inserted a new section 194R in the Income-tax Act, 1961 (‘Act’) through the
I Finance Act, 2022, effective July 1, 2022
Hotels/Restaurants cannot add service charge automatically or by default
The Consumer Affairs Ministry has issued a press release which stipulate that hotels or restaurants shall not add service charge automatically or by default in a food bill. No hotel or restaurant shall force a consumer to pay service charge & shall clearly inform the consumer that service charges is voluntary, optional & at the consumers discretion.
Newly Incorporated Section 194R (Income Tax Act 1961)
As per clause (iv) of section 28 of the Act, the value of any benefit or perquisite, whether convertible into money or not, arising from business or exercise of profession is to be charged as business income in the hands of the recipient of such benefit or perquisite.
Legal Entity Identifier (LEI) for Borrowers
All non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs) shall be required to obtain LEI codes as per the timeline given below.
What is BuyBack?
Buyback of shares implies a company repurchasing its shares from its shareholders. In a buyback issue, the company pays its shareholders a fixed value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. The process enables the repurchase of shares from the existing shareholders usually at a higher price than the market price.
