Tuesday, April 23, 2024

Yearly Archives: 2021

OECD RULES TO IMPLEMENT 15% TAX RATE ON MULTINATIONAL ENTITIES OUT

The Organization for Economic Co-operation and Development (OECD) has come out with a template for countries to implement the global agreement on imposing minimum...

Breather for tax payer; AIS data not for tax calculation: CBDT December 08, 21

? On the alleged discrepancies related to stock sale and purchase data of assessees on newly-introduced Annual Information System (AIS), the Central Board of...

BSE Listed Company available for Sale without any assets, liabilities or business- Upto 80 Percent shareholding can be transferred.

Click on the link for more Information: http://www.buysellmergers.com/listing/bse-listed-company-available-for-sale-without-any-assets-liabilities-or-business-upto-80-percent-shareholding-can-be-transferred/ 1) Authorised Capital: - INR 3.5 Crores 2) Paid Up Equity Capital: - INR 3 Crores...

Angel Funding / Venture Capital / Growth Capital between USD 100 K to 25 Millions.

Preferred for AgriTech, EduTech , Health Tech , FINTECH / B2B SaaS Companies , Fantasy Sports and Gaming Companies etc across many countries in...

Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore

Ms. Brinda RamaKrishna vs ITO Bangalore (ITA. No. 454/Bang/2021) Facts: 1. The Assesseee is an individual and during the previous year relevant to AY...

SEBI DIRECTS EXCHANGES, DEPOSITORIES, CLEARING CORPS TO DISCLOSE COMPLAINT DATA

Market regulator Securities and Exchange Board of India (Sebi) has directed stock exchanges, depositories and clearing corporations to disclose data about complaints they have...

Businesses allowed to encash GST Input Tax Credits for improving liquidity:

In order to improve liquidity of businesses, the Central Board of Indirect Taxes and Customs (CBIC) has decided to allow full transfer of cash...

Global wealth surges as China overtakes US to grab top spot:

Global wealth tripled over the last two decades, with China leading the way and overtaking the U.S. for the top spot worldwide. Net worth worldwide...

Onus to prove the genuineness of capital gains arising out of transactions in shares lies on the assessee: ITAT

ACIT vs Arihant Kumar Jain (ITA 5342/DEL/2018 | ITAT- Delhi) Facts: During scrutiny proceedings, the Assessing Officer noticed that the assessee has claimed “capital gains” of...

Austria to Apply Capital Gains Tax to Crypto currency:

Austria has announced that it is considering applying the same 27.5% levy to crypto assets it currently uses to tax capital gains from traditional...

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