May 31, 2017

Aadhaar and PAN Linking : It is mandatory ?

The Finance Act 2017 inserted a new section 139AA which required every person who is eligible to obtain Aadhar shall quote Aadhar number while applying for […]
May 29, 2017
Enrolment campaign

Last chance to enroll with PF : 30th June 2017

The Employees Provident Fund Organization had started an enrollment campaign in January 2017. The campaign was till 31.03.2017 to encourage unregistered organization to enroll employees. The […]
May 29, 2017

Government order to pay wages only through Bank Account

“The Government of Kerala on 9th May 2017 has notified industries and establishments where the employer has to pay the wages only by cheque or credit […]
May 25, 2017
financial growth

Tax Audit Assessee : Transactions to be reported by 31st May

The Income tax department has been recently considering various non intrusive measures to collect data on black money. The income tax department has been collecting data […]
May 24, 2017

Job Work under GST

The definition of supply under Central GST Act includes “transfer” of goods, therefore sending goods for Job Work will be covered under the definition of supply […]
May 11, 2017

CBDT Notifies Form 10-IB to opt for lower rate of tax by Companies

The Finance Act 2016 had inserted a new provision for domestic companies to pay tax @ 25% by inserting Section 115BA. Tax on income of certain […]
June 30, 2016

RBI relaxes norms for Startups

With respect to the issues of start-ups accepting payment on behalf of overseas subsidiaries, it is clarified as under: a. A start-up in India with an […]
June 29, 2016

RBI Relaxes norms for Startups having Foreign Subsidiary

In line with the Government of India’s startup initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency […]
April 26, 2016

Loan in Rupee to Non Residents

“A NRI can take rupee loan from authorized dealers in India for purchase of immovable property, namely residential houses, own business needs or to purchase shares […]
April 23, 2016
A money changer holds Turkish lira banknotes next to U.S. dollar bills at a currency exchange office in central Istanbul April 15, 2015. Turkish Economy Minister Nihat Zeybekci said on Wednesday the lira's slide to record lows was not a cause for concern and reflected global developments, arguing against forex intervention and saying the currency will find its own balance. He also told a meeting in Istanbul that he expected first quarter year-on-year growth of around 1.5 percent, and full year growth exceeding last year's 2.9 percent. REUTERS/Murad Sezer - RTR4XGDR

Borrowing in Rupees from Non Resident

“A Company can borrow from NRI/PIO only in the form of NCD issued by public offer, which in other words means a private company cannot borrow […]