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Demystifying the Funding Challenges Faced by Private Limited Start-up Companies
Table of Contents Additional onus on start-up private limited Co. to explain ‘source of the source’ of share capital/share premium raised Angel tax u/s 56(2)(viib) – share premium received by closely held companies in excess of FMV taxable Check out Taxmann's Taxation of Start-ups & Investors which provides focused analysis, starting from recognising start-ups to […]
Govt. Designates Additional Session Judge-03, Dwarka as a Special Court
Notification No. S.O. 2436(E), Dated 05.06.2023 The Central Government, with the concurrence of the Chief Justice of the Hon’ble High Court of Delhi has designated the Court of Additional Sessions Judge-03, South-West District, Dwarka, Delhi, as a Special Court for the purposes of providing a speedy trial of offences as per section 26A of the […]
Increased limit for tax exemption on leave encashment for non-government salaried employees notified
Details : Publish Date : Thursday, May 25, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1139/PressRelease-Increased-limit-for-tax-exemption-on-leave-encashment-for-non-government-salaried-employees-notified-25-5-23.pdf source
Guide to Permanent Establishment and DTAAs
Table of Contents Taxing Powers and Source of Income Concept of Permanent Establishment Check out Taxmann's Cross-Border Transactions under Tax Laws & FEMA which provides an easy-to-understand commentary on cross-border transactions with respect to Income Tax, GST, Customs, FEMA, etc. It also provides practical guidance based on judicial interpretation of the law and rules. 1. […]
Corporate Guarantor’s Plea that CIRP Plea was Rejected as its Liability Stems from Borrower’s Default
Case Details: State Bank of India v. Essel Infraprojects Ltd. - [2023] 150 taxmann.com 349 (NCLT-Mum.) Judiciary and Counsel Details Kuldip Kumar Kareer, Judicial Member & Smt. Anuradha Sanjay Bhatia, Technical Member Ms Fatema Kachwalla & Virgil Braganza for the Petitioner. Ashish Kamat, Harsh Moorjani, Tasneem Zariwala & Saurabh Nikalje, Advs. for the Respondent. Facts of the Case In the instant case, […]
Income Tax Department conducts searches in West Bengal and Assam
Details : Publish Date : Tuesday, May 16, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1137/PressRelease-ITD-conducts-searches-in-West-Bengal-and-Assam-16-5-23.pdf source
Provisional Approval Granted u/s 10(23C) isn’t Equivalent to Grant of Registration for Purpose of Sec. 11(7): ITAT
Case Details: Indian Institute of Banking and Finance v. Commissioner of Income-tax, (Exemption) - [2023] 150 taxmann.com 370 (Mumbai-Trib.) Judiciary and Counsel Details M. Balaganesh, Accountant Member & Sandeep Singh Karhail, Judicial Member Nitesh Joshi for the Appellant. K.C. Selvamani, for the Respondent. Facts of the Case Assessee was a trust registered under section 12A for more than […]
[World Tax News] Brief of 7 Decisions Announced by UAE Ahead of the Enactment of ‘Corporate Tax Law’
Editorial Team – [2023] 151 taxmann.com 30 (Article) World Tax News provides a weekly snippet of tax news from around the globe. The current column provides information on 7 ministerial decisions recently announced by the UAE Finance Ministry in view of implementing Corporate Tax in the United Arab Emirates from 1st June 2023. According to […]
Income-tax (8th Amendment) Rules, 2023
Publish Date : Wednesday, May 31, 2023 source
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