Section 40A(3): Cash expenses exceeding Rs. 10,000 to a single person in a day, or Rs. 35,000 for goods carriages, may be disallowed. Exceptions are detailed in Rule 6DD. Section 43(1): Expenditure exceeding Rs. 10,000 to a single person in a day for asset acquisition is excluded from actual cost, affecting depreciation claims. Section 80D: …
Summary that can disallow your Income tax deduction with Sections- Read More »
✅ MCA has mandated private cos. (which are not Small Cos.) to issue securities (not just ‘shares’) only in demat form and facilitate demat process for all its securities. ✅ Presently, said provisions are applicable to unlisted public companies. ✅ Now, the said provision is applicable to cos. other than Small Cos., which includes: Foreign …
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The Central Board of Indirect Taxes and Customs (CBIC) has said that Goods and Services Tax (GST) will apply to corporate guarantees between related entities such as parent firms and subsidiaries from Thursday, 26 October. The order gives effect to the decision announced by the GST Council on 8 October. As per the CBIC order, …
Centre notifies 18% GST on corporate guarantees. Read More »
One of our prospective investors is actively seeking an opportunity to acquire a Non-Banking Financial Company (NBFC) operating within the lending sector, with a particular interest in companies specializing in gold lending. The investor is specifically targeting NBFCs with a substantial annual revenue range, preferably between $15m to $30M , and a proven track record …
We are looking for Potential Acquisition opportunity for NBFC – $15M-$30M Read More »
IntellexCFO with you all the wayHelping you navigate your IPO journey till Listing and Beyond. Initial public offerings (IPOs) can help companies raise the capital they need to unlock their growth ambitions, become market leaders and provide shareholders with greater liquidity alternatives. Going public is the exciting end to what is generally a long process …
Our client is looking to acquire a BSE / NSE Listed Company. Stake for Acquisition: 75 to 95 Percent. Location: Anywhere in India. All regulatory Compliances must be upto date. Acquisition will be in compliance with Stock Exchange and SEBI Takeover Guidelines. For further discussions, WhatsApp to us at Mobile No. 91- 98200 – 88394 …
PCIT Vs Jigar Jashwantlal Shah (Gujarat High Court) Appeal No. 80 of 2023 Facts: Note: The explanatory note to the Finance Bill of 2010 has clarified that Section 56(2)(viic) should be applied only in cases involving the transfer of shares. Hon Gujarat HC held as below: If they had directly transferred these shares to the …
Capital markets regulator Sebi on Friday tweaked guidelines pertaining to anti-money laundering standards, whereby partners holding a 10 per cent stake in a firm will come under the definition of beneficial owners.Earlier, the requirement was 15 per cent. The development comes after the government amended the Prevention of Money Laundering (Maintenance of Records) Rules or …
PARTNERS WITH 10% STAKE TO COME UNDER BENEFICIAL OWNERS: SEBI TWEAKS RULES. Read More »
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