Latest Post and Updates

An updated return, also known as a revised or amended return, is a type of tax return that taxpayers can file to correct errors or omissions in their originally filed return. The updated return allows taxpayers to make changes to their previously filed tax return after it has been submitted…

Business valuation regulate the economic value, financial liability or asset of the business. It is a necessary implementation in some regulatory, legal and commercial contexts in India. It also helps stakeholders to create informed assess and decisions to fair value of liabilities or assets. In this article, we will discuss…

As we approach the month of March 2023, it is important for businesses and individuals in India to stay up-to-date with their legal obligations and any recent legal updates. In this article, we will discuss the key legal obligations and updates that are relevant for March 2023 and Compliance Calendar…

The Goods and Services Tax (GST) regime, introduced in India on 1st July 2017, has revolutionized the way businesses pay taxes. The GST system aims to create a single, unified market for goods and services across India, replacing the complex tax structure that existed prior to its implementation. The GST…

GST applicability means to whether or not a specific goods and service (G&S) is comes under the GST in India. It is a wider indirect tax, which can replace various previous existing indirect taxes. GST is levied on the supply of G&S and its applicability on all stages of the…

Equity shares with differential rights refer to shares that provide specific rights or privileges to certain shareholders, which differ from the rights enjoyed by other shareholders holding the same class of shares. This concept has been a part of Indian company law since 2000, but it was only with the…

The introduction of the Goods and Services Tax (GST) in India has been a major tax reform aimed at unifying the indirect tax system in the country. While most industries are now subject to GST, there are certain sectors, including the banking and financial services industry, that are exempt from…

The Ministry of Corporate Affairs (MCA) has introduced a new version of the Form SPICe+ and other related forms, which is known as MCA V-3. This new version aims to simplify the process of registering a company and carrying out other related activities. As a result, the MCA has asked…

Foreign direct investment (FDI) is when a company controls the ownership of a business entity in another territory or country. With FDI, foreign companies are directly involved in day-to-day operations in the other country. This means that they bring with them not only money but also knowledge, skills, and technology.…

When a company receives foreign investment, form FC-GPR is issued by the Reserve Bank of India (RBI). Accordingly, the company will issue shares to a foreign investor for such investment. The company is also required to give details of such allotment of shares using Form FC-GPR. In this article, we…