Transactions involving foreign exchange are regulated by FEMA and the provisions of FEMA have to complied with wherever applicable. The preamble of the Act says that it is an Act to consolidate and am...
Vide RBI Circular No. 40 dated 1st February, 2016; RBI has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to ...
Income tax implications for the beneficial owner When any consideration for purchase of a property is paid by a person, who does not want to show his identity and hence, makes such investments in some...
Registration under the GST Every supplier (including his agent) who makes a taxable supply i.e. supply of goods and / or services which are leviable to tax under GST law, and his aggregate turnover ...
Department of Industrial Policy and Promotion (DIPP), under the Union Ministry for Commerce and Industry, has come out with a new notification on the definition of start-ups According to the notificat...
The Modi government is now linking all taxpayers under Income Tax and GST. Details filed in GST returns are also to be reflected in Income Tax Returns. Whatever GST details are given in ITR forms will...