Why India One of the world's fastest-growing economies, ranked at number 5 India attracted the highest ever FDI inflow of $83.57 bn during financial year 2021-22 Largest youth population in the world Ease of Doing business: India jumps 79 positions from 142nd (2014) to 63rd (2019) in 'World…
COURT RULINGS Rule 89(4)(c) of CGST Rules, held to be ultra-vires to the provisions of CGST Act and unconstitutional Rule 89(4)(c) of CGST Rules, restricting the value of exports (when made without payment of taxes under LUT) to the extent of 1.5 times of the…
Can a Foreigner Start a Business in India? Yes, a foreigner can start a business in India. India welcomes citizens of almost all countries to invest in India. However, with effect from 17th April 2020 vide Press Note No. 03 (2020 Series), citizens / companies…
What is Appeal ? | Basics and related concepts The Taxpayer and the Tax officer can be of different viewpoints or opinion with regards to their understanding of law. This difference of opinion might raise a dispute between the taxpayer and tax officer. The statue…
A provision in The Income Tax Law which acts as a balancing bridge between managing cash flow of the business and tax liability towards the government. Brief and basics about need Tax Deducted at Source (TDS) is the most commonly used term in the Finance…
In this article we discussed about the ‘Declaration for commencement of business Form INC-20A’ MCA has come with New Section 10A inserted after Section 10 by Companies (Amendment) Ordinance, 2018 dated 02.11.2018 and same has been inserted in Rule 23A of the Companies (Incorporation) Rules,…
What is Overseas Direct Investment? Direct investment outside India means investment made in Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) by way of Contribution to the capital or subscription to the Memorandum of Association of a foreign entity but does not include portfolio investment; or…
Recommendations of the 42nd GST Council Meeting The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs…