Over the last two decades, rising internet and mobile phone penetration has changed the way we communicate and do business. E-commerce is relatively a novel concept. It is, at present, heavily leaning on the internet and mobile phone revolution to fundamentally alter the way businesses reach their customers. While
FDI INTO Ecommerce
Over the last two decades, rising internet and mobile phone penetration has changed the way we communicate and do business. E-commerce is relatively a novel concept. It is, at present, heavily leaning on the internet and mobile phone revolution to fundamentally alter the way businesses reach their customers. While
Indirect Tax Updates
SERVICE TAX Notifications: Exempts the service tax on taxable services by way of transportation of goods by vessel: Notification no. 36/2016- ST The service of transportation of goods by vessel from outside India up to the Custom station of India is made taxable w.e.f 01.06.2016. However, such
FEMA Updates
AUGUST ‘16 Holding of FCA by Insurance Companies and Start Ups RBI vide Notification No. FEMA 10 (R)/ (1)/2016-RB dated June 01, 2016has amended FEM (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2016, whereby RBI has permitted Insurance Companies and StartUp Companies to open
Companies Amendment Bill 2016- part 3
Sl. Section(s) under the CA, Clause No. in the Proposed amendment relating to Remarks/Comments/Penalty No. 2013, amended Amendment Bill 45 Section 152 – 46 Amendment of sub-section (3) and (4) of section 152 of the Welcome amendment, allowing to
Excise Duty On Jewellery – The Recent Compliance And Procedural Mechanism
Introduction: The Finance Budget, 2016 introduced excise duty levy on manufacture of both branded and unbranded Jewellery with effect from 01.03.2016 by withdrawing exemption conferred under entry 199 of Notification 12/2012-CE dated 17.03.2012. The Jewellery sector across India went onto indefinite strike as the duty levy would affect their
Real Estate Investment trust (REIT) -An Overview
Background REITs originated in the United States to give investors an opportunity to invest in income-generating real estate assets. After its introduction in the States, several countries such as Singapore, Australia and Hong Kong have implemented REITs. REITs are similar to mutual funds. While mutual funds provide for
Strat Up India -FEMA & Other Provisions
To foster entrepreneurship and promoting innovation, the “Startup India” initiative was launched by the Prime Minister of India, Shri Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi. As part of the event, a Startup India Action Plan was released. Subsequently many steps were taken by various ministries/
Transfer Pricing – High Court Judgements
In this bulletin, we bring to our readers, certain important and significant judicial precedents pronounced by various high courts which would determine the future course of Transfer Pricing litigation. We wish the readers shall be benefited from the following judgments. Pr CIT v Ameriprise India (P)Ltd –Delhi High Court
The Direct Tax Dispute Resolution Scheme 2016 (DDRS-2016)
Source: Chapter X of Finance Act, 2016 provides for the scheme. The Scheme come into force on 1st July, 2016. The declaration may make declaration on or before 31st December, 2016. The declarant (as defined in the scheme) has to file a declaration in relation to ‘tax arrear’or