Dividend taxation for non-residents
The Government of India vide Union Budget 2020 made a historic amendment in the way dividends are taxed in India wherein it abolished the dividend distribution tax (‘DDT’) and restored…
Faceless Appeal Scheme with its issues and challenges
Global Digitalisation has brought in dynamic changes in the working of the businesses. This rapid development has paved the way with a need to revamp the existing tax administrative to…
Budget 2021: A Key Opportunity to harmonize Tax Laws to facilitate Mamp;A and Corporate Restructuring
With India enduring the COVID-19 pandemic disruption, our Hon’ble Finance Minister has assured that the 2021 Union Budget will be like no other in the past and will help India…
Section 206C(1H) of the Income-tax Act 1961
Finance Act 2020 had amended the provision of Section 206C of the Income-tax Act 1961 (‘the Act’) by inserting new sub-section (1H). The said sub-section has raised several concerns regarding…
SEBI modifies format of “Monthly Cumulative Report”
Pursuant to introduction of a new scheme category and to bring transparency in reporting of segregated portfolios, the market regulator, SEBI has been decided to modify MCR format from January…
ICSI revises guidance note on Board meetings and General Meetings
To align the Guidance Note with the legal amendments brought in by the Companies (Amendment) Act, 2017 and to specify the relaxations given by MCA due to COVID-19, the same…
Provisions of RTI not to be resorted to when information was to be accessed through mechanism provided HC rules
COMPANY LAW/RTI : Where information was to be accessed or certified copies on judicial side was to be obtained from High Court through mechanism provided under High Court Rules, provisions…
Return filed beyond 30 days in response to notice u/s 148 : Budget 2021’
Section 148 of the Income Tax Act, 1961 is perhaps one of the exceptional provisions whereby the department can venture into completed / incomplete assessment proceedings under the law. The…
Expectations Galore from Budget 2021
The Union Budget 2021, to be presented on February 1, 2021, is expected to be a “Budget like never before”. Corporates and individuals are very hopeful that the Budget would…
Budget 2021 – A Gamechanger for The Post Pandemic India
India is currently witnessing one of the strongest support from the complete globe which is evident from the fact that the SENSEX reaching mount 50K representing strong investors confidence in…