“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...

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...

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...

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...

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...

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...

“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...

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...

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...

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.