In this YouTube video, CA Darshak Shah and Kshitij Sheth engage in a comprehensive discussion on the impact of the Union Budget 2023-24 on corporate taxes, the Indian economy, and the financial markets. With the presentation of the budget by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, on February 1st, 2023,…
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Types of Share-based Payments Employees’ Stock Option Plan Sweat Equity Shares SAR/Phantom CSOP/MSOP/TSOP What are the eligibility criteria for different share-based payments? What are the criteria for the valuation of shares issued under various plans? Common legal issues between issuer and receiver? Implication under Income-tax Act in the hands of issuer and receiver?
Overseas Education : Are you sending your children abroad to study? You shouldn’t miss this. how you send your children abroad, when and where you send them, what happens when you send them, how you send money, and what happens when they earn there? what happens with taxes? what happens in terms of currency….so many…
Issue: Two months ago, I came across an inquiry from a retail chain owner complaining of losing control over consistency in service quality. Also, customer complaints were unattended or taken for granted. The solution which worked: A specific desk eye on every employee through CCTV and training /communicating SOP has made the change in the…
No penalty u/s 43 of BM Act can be imposed for non-disclosure of foreign asset (foreign bank account) in ITR, where- The amount was not assessee’s unexplained investment as, though held in her name, they represented her deceased mother’s tax paid monies held by assessee in fiduciary capacity and hence it was not ‘undisclosed…
The present SEZ law extends tax benefits based on performance to the exporters. SEZs are eligible for benefits subject conditionally if they earn positive Net Foreign Earnings (NFE) Above is a violation of the WTO agreement and therefore USA disputed before WTO WTO asked India to withdraw SEZ subsidies and revise schemes Features of propose…
SEP covers the below-mentioned transactions E-com transaction, E-books, music, video streaming, Online app/software purchase, Online Gaming Service Troubleshooting service Subscription service The Threshold limit recently provided by CBDT for SEP Tax is Aggregate payment for transactions with a person in India exceeds INR 2 crore in a year NR interacts with 3.00 lacs or more…
1. Registration and approval of NGOs is made completely electronic under which a 16 digit URN will be issued 2. Registration is valid for 3 years for provisional cases and 5 years for final registration. 3. Application is under form 10A by existing trusts for renewal and new trusts for provisional registration. Deadline is 30/6/2021…
