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The notion of marginal relief is intended to give a taxpayer with relief from surcharge levy if total income surpasses slightly more than Rs. 50 lakhs, Rs. 1 crore, or Rs. 10 crores, as the case may be. Thus, in the case of taxpayers (Individuals/HUF/AOP/BOI/artificial juridical person) with total income…

When planning to sell your company, it's critical to evaluate its value before embarking on the M&A process. There are several methods for determining the worth of a company, as well as numerous reasons for doing a business valuation. Here is a detailed explanation of the company valuation process, including…

All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs.  Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company…

  Rule 11UA Income Tax Act applies to the initiation of unquoted shares. As per clause (b) of Sub-Rule 2 of Rule 11UA, a merchant banker and a Chartered Accountant are allowed to analyze unquoted shares under the Discounted Free cash flow method but now the only merchant banker can…

An Aadhaar card is a centralised and universal identification number supplied to every Indian citizen. The Aadhar Card is a biometric record that stores an individual's information in a government database and is gradually becoming the government's principal source of data for public welfare and citizen services. In addition, Finance…

Delivery time refers to the time at which goods/services are considered to be supplied ’. When the seller knows the ‘time’, it helps him to see the date on which to pay taxes. CGST / SGST or IGST must be paid at the time of delivery. Goods and Services have…

  XBRL is the language of electronic communication of business and financial data that transforms business reporting around the world. It offers great benefits in the preparation, analysis and communication of business information. It provides cost savings, high efficiency and improved accuracy and reliability for all those involved in providing…

  According to statistics, family-owned companies account for the majority of all enterprises in India, accounting for a substantial part of total employment. Unlike transactions involving third parties, the specific relationship between the persons transacting distinguishes a Related Party Transaction, which, if abused, can have catastrophic implications. Related Party Transactions…

  To highlight the enormous contributions made by MSMEs to the accomplishment of the Sustainable Development Goals of the United Nations, the United Nations General Assembly declared June 27 as "Micro-, Small-, and Medium-sized Enterprises Day" (A/RES/71/279) (SDGs). 90 percent of enterprises, 60 to 70 percent of jobs, and 50…

The residence status of a taxpayer is significant because the income tax department treats its taxpayers differently. As a result, it is critical for every taxpayer to verify their residence status prior to tax planning, computing tax payable, and filing. The Income Tax Department must determine a taxpaying individual's or…