Blog about Financial Education, Advisory & Planning
“Retrospective Taxation”, these two words have roiled foreign investors looking at India over the years, and led to multiple disputes between the Indian government and global majors like Vodafone and Cairn. Going back in history, in May 2007, Vodafone bought majority stake in Hutchison Whampoa for $11 bn. The Indian government has raised a demand of Rs 7,990 cr …
The Finance Minister on 20th September 2019 announced a sharp reduction in corporate tax rates. Manufacturing companies not availing of tax sops can now opt for a 22% corporate tax rate, while new manufacturing companies that register and start production between 1st October 2019 and March 2023 can avail an even lower tax rate of …
Regtech- Regulatory technology is a term used to refer to any and all technology designed to help financial services companies maintain regulatory compliance. Most solutions are focused on maintaining compliance with know your customer (KYC) and anti-money laundering (AML) regulations. The term is generally used as a subset of fintech, the blanket label for any technology …
There has been a lot of action relating to NPA resolution, a contentious issue for some time now the latest being the Insolvency and Bankruptcy Code (IBC), an Act which helps troubled corporates, partnership firms and individuals in debt to re-organise and opt for insolvency resolution in a time-bound manner to maximize value of its …
Every person registered under GST Act has to periodically furnish the details of sales, purchases and tax paid and collected thereon by filing return with GST authorities. Before filing any return, payment of tax due is pre requisite otherwise such return will be invalid. Steps for filing GST return: Types of returns under GST Return/Form …
Who needs to register for GST? Anyone who sells goods and/or provides services worth more than Rs.20 lakh (Rs.10 lakh for North East states) in a financial year & taxpayers already registered under VAT/service tax must register under GST. Those making inter-state supplies or supplies via e-commerce must mandatorily register irrespective of turnover. How will …
The AB Nuvo- Grasim merger is a 2 step process- The first step involves merging the two companies and the second would be a spin-off of the financial division. For every 10 shares held, the shareholders of AB Nuvo will receive 3 shares of Grasim. Post-merger when the financial services business is spun off, the …