Tax benefits and compliances for IT Companies in India
Tax benefits and compliances for IT Companies in India Benefits: Section 10AA Deduction: New firms or units providing services in Special Economic Zones (SEZs) are eligible for income tax exemption under Section 10AA of the Income Tax Act. This area is usually found inside a country’s weaker economic areas and is covered by the various […]
iSAFE (India SAFE)
iSAFE (India SAFE) Origin iSAFE, short for, India Simple Agreement for Future Equity, was first introduced in India by 100X.VC, an early-stage investment firm. This move was inspired by US’s ‘Simple Agreement for Future Equity (‘SAFE’)’, an alternative to convertible debt and the brainchild of an American start-up incubator. SAFE is a financing contract between […]
Dematerialisation of Shares
Dematerialisation of Shares Dematerialisation of Shares Paper-based documents, now a hard reality to maintain and keep track on regular basis. It is easy to lose a paper document and also easy to miss an important document in a pile of paper documents. Dematerialization is the process of converting your shares and securities in physical mode […]
Tax Benefits of AIFS
AIF Fund Accounting – Alternative Investment Funds Tax Benefits of AIFS (Alternative Investment Funds) Introduction A private pooled investment vehicle known as an Alternative Investment Fund, or AIF, makes investments in alternative types of assets such derivatives, real estate, commodities, hedge funds, private equity, and hedge funds. Because the investment amount in AIFs is significantly bigger […]
Various Items for ITC Block Credits / Restricted ITC List
Various Items for ITC Block Credits / Restricted ITC List Various Items for ITC Block Credits / Restricted ITC List As you might be aware, the GST Department is denying ITC Credit on air conditioning, cooling, ventilation systems, etc. In my view, these are part and parcel of today’s needs and should be allowed, but………. 1. […]
Buy Back of Shares
Buy Back of Shares Introduction Buy back of shares, or other specified securities means buying back of its own shares or other specified securities by the company from the holder thereof and cancelling them. After the enactment of the companies act, 2013 section 68, 69 and 70 read with rule 17 of the companies (share […]
MSME – Micro, Small, and Medium Enterprises
MSME – Micro, Small, and Medium Enterprises Introduction MSME Form 1 compliance is an important activity for companies dealing with Micro, Small, and Medium Enterprises (MSMEs) in India. Pursuant to Order 2 and 3 dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013], MSME-1 as a half yearly return to be […]
Green bonds
Green Bonds Introduction A green bond is a type of investment tool that gives monetary assist for particular initiatives related to climate trade and the environment. Similar to everyday bonds issued by using groups or governments, these bonds are supplied to investors. The finances received thru inexperienced bonds are completely dedicated to funding tasks centered […]
Foreign Liabilities and Assets Return (FLA)
Foreign Liabilities and Assets Return (FLA) Reserve Bank of India (RBI) vide its circular No. RBI/2010-11/427A.P. (DIR Series) Circular No. 45 dated March 15, 2011 introduced Annual return on Foreign Liabilities and Assets reporting by Indian Companies and discontinuation of the Part B of form FC-GPR. This return is required to be submitted on or before July […]
Appointment of Managing Director
Appointment of Managing Director Introduction: The Companies Act, 2013, provides a framework for the governance and management of companies within India, offering flexibility in the appointment of key managerial personnel in private companies. Specifically, the Act does not mandate private companies to appoint a Managing Director (MD), Whole-Time Director (WTD), or Manager but allows voluntary […]
