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CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21

Recently, CBDT (Central Bureau of Direct Taxes) by way of Circular No: 20/ 2020, issued on 03.12.2020, has clarified provisions regarding the “TDS Deduction from Salaries for the Financial Year 2020 – 2021”. Further, such a circular was passed in furtherance to Circular No: 4/2020, issued on 16.01.2020, which dealt with the Rates concerning TDS […]

Extension of Due Dates for Tax Audit Report and ITR in AY 2020-21

The Central Bureau of Direct Taxes (CBDT) by way of a Press Release issued on 24.10.2020 had extended the due dates for submitting the Tax Audit Report and Income Tax Return for the A.Y. 2020 – 2021. In this blog, we will discuss in detail about the extended due dates of Tax Audit Report and […]

Goods and Service Tax: Meaning and Its Impact on Diwali Gifts

On 29th March, 2017 Parliament passed an act with the concept of “One Nation, One Act”. This was termed as “Goods and Services Tax” which further into effect on 1st July, 2017. GST is an amalgamation of various Central as well as State taxes into a single tax. It is considered to be a comprehension […]

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IEC Certificate: How to Apply and Print Certificate?

The term “IEC Certificate” denotes proof of IEC Registration. It is a mandatory prerequisite for every Commercial Importer and Exporter operating in India. This certificate contains a 10 digit unique identification number and is issued by the DGFT (Director General of Foreign Trade), MoC&I (Ministry of Commerce and Industries), GOI (Government of India). Further, an […]

Transparent Taxation: PM Decides to Honor Honest Taxpayer

“Minimum Government and Maximum Governance” The term “Transparent Taxation” denotes a new tech-driven taxpaying platform unveiled by our Hon’ble Prime Minister, Mr. Narendra Modi, on 13.08.2020, through video conferencing at 11 am in New Delhi. The full name of this online platform is “ Transparent Taxation : Honoring the Honest”[1] . The main aim of […]

A Complete Checklist to Start a Restaurant Business in India

A place that serves both the delicious food and attractive ambience becomes the first choice for customers. Therefore, despite the tough competition, every young entrepreneur chooses to start a restaurant business in India. As per a report by STATISTA [1] , the Market Value of the Indian Restaurant Industry was about Rs 4 Trillion in […]

The Concept of Creating Value through Mergers and Acquisitions (M&A)

With the rise in global competition, companies engage in more M&A transactions to attain top-line growth and increase shareholder value. Businesses tend to explore new avenues for sustainable success. Leading organizations are on constant pursuits to gain a competitive edge, thus emphasizes on cost synergies, consolidation of resources, value creation through Mergers and Acquisitions. Though […]

Funds Transfer Mechanism on Peer to Peer Lending Platforms

Peer to Peer abbreviated as P2P is an online lending platform that enables an individual to avail loans from another individual without the need of any intermediary. P2P platform connects lenders and borrowers by forming a link between the borrowers who want unsecured personal loans and investors who seek to lend their money for earning […]

Buyback of Shares: A Detailed Analysis

Buyback of shares is a process of financial engineering and is one amongst the several provisions of the Companies Act, 2013[1] that allows a company to buy its own shares or other securities back, that too, with inherent advantages to the company and its shareholders. Further, the repurchasing of shares from the existing shareholder is […]

Difference between Public Issue and Private Placement

The barter system may have ended a long time back, but in the modern arena, companies have adopted a new method of offering their securities in exchange for cash. Such activities are executed in a primary market that deals with the new issue of securities. In the market, companies raise funding by selling their company’s […]

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