ESTATE PLANNING : CARE FOR EVER

This is timeto be optimist, no doubt. At sametime we need to plan foreventualities such as death. The trauma of losing a loved one, on whom our family depends upon, should not be multiplied, by our carelessness, in not being disciplined in our financial matters and not doing ourestate planning well in time.

Place of Effective Management (PoEM)

The Finance Act 2015 amended the requirement of when a foreign entity would be treated as a resident in India. The intention of this is to bring under the residence bracket shell companies and such other companies created for retaining income outside India although real control and management of affairs are located in India

Statement of Financial Transaction (SFT).

Are you a company that have raised capital of more than 10L in the FY2020-21? Have you issued Bonds/Debenture for more than 10L during the year 2020-21? Have you announced any Buyback of shares more than 10L? Have you declared any Dividend during the FY2020-21?

Applicability and other Clarifications for Section 206AB

) Applicability: Section 206AB is triggered, where tax is required to be deducted at source on any sum / income /amount paid/ payable /credited, by a deductee to a Specified person. 2) Carve-outs : Except for the specific nature of payments provided under Section 206AB, it is applicable for all other nature of payments under […]

Can Retailers and Wholesalers open MSME ?

The government has received various representations and it has been decided to include retail and wholesale trades as MSMEs, and they are allowed to be registered on the Udyam Registration portal which is paperless online and instant registration portal.