Filing the Letter of Undertaking for zero-rated supplies is mandatory before 31 March 2024. This allows taxpayers making exports without payment of integrated tax to […]
Understanding Partnership: Definition, Types, Key Features & MCQs
Before the Indian Partnership Act, 1932, the law governing partnerships was covered under the Indian Contract Act, 1872. With the rapid expansion of trade, commerce, […]
Understanding Ind AS 27: Separate Financial Statements Explained
Ind AS 27 is designed to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures, and associates when an entity prepares separate […]
Understanding Shares and Share Capital: Meaning, Types, and Legal Provisions
The capital of a company is divided into several indivisible units of a fixed amount. These units are known as shares. According to section 2(84) […]
A Complete Guide to Saving Schemes in India
Saving schemes refer to government‑notified small savings options designed for households to save securely. These instruments are authorized under the Government Savings Promotion Act of […]
How to Form and Register an LLP in India: A Step-by-Step Guide
A limited liability partnership is a body corporate that has a legal identity separate from its partners. This status of a separate legal entity is […]
Reverse Flipping: Analyzing the Shift of Global Companies Back to India
The global startup ecosystem has seen a significant trend reversal in recent years. Once, Indian companies preferred to incorporate their holding entities overseas in jurisdictions […]
Reassessment Under TOLA and Income Tax Act: Legal Perspectives
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, commonly referred to as TOLA, was introduced to provide relief in compliance […]
Revisiting Rule 9B: Demat Requirement for Private Companies and Its Drafting Gaps
Rule 9B was introduced through the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. This rule was implemented via Notification GSR 802(E) dated […]
Understanding GST: Definition, Features, and Benefits
Goods and Services Tax refers to a tax on the supply of goods, services, or both, as defined under Article 366(12A) of the Constitution of […]
Transaction Value Under GST Explained: Rules, Applications, and Challenges
Every fiscal statute that levies tax on goods or services includes provisions for determining the value on which the tax is payable. In most cases, […]
The Role of a Company Director: Appointment, Eligibility, and Legal Standing
The concept of a director holds a central position in corporate governance and company law. A director is a person appointed to direct and supervise […]
Issuance of AGM Notices Under the Companies Act, 2013: A Legal Overview
A foreign company seeking to establish its business in India can do so by incorporating a wholly-owned subsidiary under the Companies Act, 2013. This is […]
Issuing AGM Notices Under the Companies Act, 2013: A Case-Based Approach
An Annual General Meeting is a crucial component of a company’s governance structure. It provides shareholders with a formal platform to interact with the company’s […]
Reopening of Assessments: A Case Law Perspective on Sections 147 and 148
The sphere of income tax assessment has undergone a labyrinthine evolution, particularly in the domain of reassessment. Section 147 of the Income-tax Act empowers the […]