Recognition from WIRC of ICAI for Inovative Programme Execution
Received Recognition from WIRC of ICAI for Inovative Programme Execution by BKESC
FCRA Registration by Charitable Organisation for Foreign Donation
FCRA Registration for NGOs The Ministry of Home Affairs grants the FCRA registration as authorization to regulate foreign donations received by Indian nonprofit organisations. You must register with the Foreign Contribution Regulation Act if you…
Alternate Minimum Tax (AMT) on LLP
Alternate Minimum Tax (AMT) on LLP Introduction to Alternate Minimum Taxation (AMT) Initially, the concept of MAT, i.e. Minimum Alternative Tax, was introduced only for the companies. However, gradually it was made applicable to all…
ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017
ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017 Comstar Mauritius Ltd (ITA No. 1529/Mum/2023) Facts: 1. Assessee filed an appeal for the assessment year 2018-19 against a revisionary…
Key Managerial Personnel: Section 203 of the Companies Act, 2013
Key Managerial Personnel: Section 203 of the Companies Act, 2013 Statutory Framework The expression key managerial person is defined in section 2(51) of the Act. Section 203 of the Act, Deals with the manner of…
Receipt from sale of software as an end user is not taxable as Royalty: ITAT
Receipt from sale of software as an end user is not taxable as Royalty: ITAT ACIT,Circle-2(2),International Taxation, New Delhi Vs. Newspage Pvt Ltd (ITA 1992 / DEL / 2022) Facts: 1. The appeal was filed…
How Stock Market Work – IPO – Animated Video
How Stock Market Work Nostalgic animated video still relevant in today's fast paced world of IPO's [video width="720" height="900" mp4="https://asbanka.com/wp-content/uploads/2024/02/How-Stock-Market-Price-Work-Animated-Video.mp4"][/video] We help our clients in Pre-IPO funding & help companies in successful IPO listings #ipo…
ITAT case on salary earned by the non resident outside India – Devi Dayal vs DCIT, 2024, Delhi ITAT
ITAT case on salary earned by the non resident outside India Devi Dayal vs DCIT, 2024, Delhi ITAT (ITA Nos. 835 & 836/Del/2023) Facts: 1. The Appellant was deputed to work in a project awarded…
Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024
Changes in ITR 6 applicable to companies - Notification No 16/2016 dated 24.01.2024 CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated 24-01-2024 Changes made have been…
Taxation of Loan Waivers after amendment to Section 28(iv)
Tax Implications on Loan Waivers after amendment to Section 28(iv) Under resolution plan approved by NCLT, would generally involve waiver of loans and other liabilities of corporate debtor, which is subject to IBC Proceedings Tax implications on…