We all would have heard about virtual money and electronic fund transfers-digital payment methods used widely? Have we? Cryptocurrency which is running in today’s era-a virtual currency is not issued by the Central Government, is secured by cryptography and does not rely on banks to verify transactions. Table of Contents What is Cryptocurrency? Where is…
On 4th April 2021, the Centre issued an ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs. The Pre-Package Insolvency Resolution Process is aimed at reviving MSMEs by submitting Base Resolution Plan along with the other data by the MSME itself. Since MSMEs are pretty critical for the economy of India, the government considered…
In these developing era of competition, everybody is trying to grow their businesses beyond the limits of national market. However, taking business to global level, there are numerous things that needs to be taken into consideration for commencing an organization and get Import Export code Registration and License. Obtaining the Import-Export code registration is one…
With industrialization at its peak in India and so were its issues, the government of India introduced various laws to regulate them. Under the Companies Act, 2013, the government, on 1st June 2016, on the recommendation of Justice Eradi Committee, established the National Company Law Tribunal (NCLT). It’s a quasi-judicial adjudicating body set up under…
Every action has an Impact; choose wisely the impact you want to have. These words by Mindy hall put the picture of today’s taxpayer. In Budget 2020 the finance minister Nirmala Sitharaman declare a new tax regime with increased tax slabs and lower tax rates. This was long required by most taxpayers, but it came…
Microfinance Companies are the financial institutions that provide banking and small-scale financial assistance in the form of loan, credit or savings, etc. to low-income group and small businesses who face difficulties in accessing financial resources from big institutions and banks due to their complex structure. Table of contents Features of Microfinance Company Advantages of operating…
To facilitate and making things easier for the taxpayer, the Government is continuously amending/inserting various provisions of the Goods and Service Tax. Thus the government has developed a new concept of the suspension of GST registration. With the initiation of the suspension of GST registration, taxpayers who have demanded the cancellation of GST registration would…
A tonnage tax is a taxation mechanism that can be applied to shipping companies. In this method, the tax is determined by the net tonnage of the entire line of operating vehicles or use by a company. Tonnage tax is not a tax but somewhat a method for ascertaining taxable income. Using this scheme, the taxable income is computed…
Table of Content Meaning of Interim Dividend Features of Interim Dividend Sources of distribution of Interim Dividend Difference between Interim Dividend and Final Dividend Procedure of declaration and payment of Interim Dividend Wrapping up Meaning of Interim Dividend As per Secretarial Standards issued by the Institute of Company Secretaries of India, the term “Interim Dividend”…
Land and Building is considered to be an ideal investment and revenue generating source in Indian society. This believes is backed by the high capital return and increased market value over the years of buying the property. Due to this many people started investing in land and property, thus making loads of profit over the…