- 28, Jul 2021
IT notices issued in the name of deceased person null and void: Delhi High Court
“Had the proceedings been initiated when the assessee was alive or the notice been sent directly to the Legal Representative (LR), instead of the name of the deceased, the outcome...
- 22, Jul 2021
No one expected this surprise at the end of the bankruptcy moratorium
The number of corporate insolvency cases admitted in tribunals stayed low at 164 in the three months ended 30 June despite the government’s decision to lift the one-year moratorium on...
- 14, Jun 2021
Angel Tax In India: Everything You Need To Know
More commonly called as Angel Tax in the start-up world, it is the tax levied under Section 56(2)(viib) of the Income Tax Act 1961 (“the Act”), on the capital raised...
- 28, May 2021
GST Council meet begins, tax rate cut on COVID essentials, compensation to states on agenda
Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP, said the GST Council are meeting after a gap of seven months. This comes in the backdrop of a lot of...
- 28, May 2021
GST Council Meeting Updates: Exemption on Imported COVID-Related Supplies Till August 31; Amnesty Scheme and More
GST Council Meeting Updates: Union finance minister Nirmala Sitharaman chaired the Goods and Services Tax (GST) Council meeting on Friday, after a gap of seven months. With the second wave...
- 21, May 2021
Central govt stares at dip in revenue collections
Though there could be a drop in the GST collection of May and June, it would still continue to be around the ₹1 trillion mark, said Divakar Vijayasarathy, founder and managing...
- 19, May 2021
RBI permitting India Inc to set up funds in GIFT City a big boost to IFSC
“In the case of sponsor contributions to AIF in IFSC, the regulations specify only the minimum contribution and there is no cap on the maximum contribution. If the provision of investment...
- 11, May 2021
Drawing foreign investors
GIFT City is set to put India on the global financial map In the backdrop of the country’s rapid financial growth and robust projections, the GIFT City financial and technology...
- 24, Apr 2021
Preserve Your Wealth, Ring-Fence Them with Trust
India has witnessed a manifold increase in both the number and the wealth of High Net-Worth Individuals (HNIs). Forbes’ rich list for India of March 2020 named 102 billionaires—individuals or...
- 17, Apr 2021
Privatisation push: Centre considers bringing PSBs under Companies Act
The government is considering bringing public sector banks (PSBs) under the Companies Act to enable the privatisation of two state-owned banks, as announced in the Budget.