Startup

Singapore has introduced a new tax on sale of foreign capital assets with effect from 1st Jan, 2024:

⏩1. Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed. ⏩2. However, from January 1, 2024 onwards, Singapore has introduced into law the new Section 10L of the Income Tax Act 1947 (“ITA”). ⏩3. Foreign-sourced gains from the sale or disposal of a foreign asset (not being an …

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GST EXEMPTIONS DISRUPT INPUT TAX CREDIT CHAIN, WILL COMPLEX GST: CBIC CHIEF

Exemptions or lower rate of taxation sought by industry on some items breaks the input tax credit (ITC) chain, leading to complexity in the goods and services tax (GST) structure, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal said on Wednesday. Agarwal also said that indirect tax authorities would soon start sending …

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Looking for Spices and related Food Products companies for Full Acquisitions.

Our Client a leading Private Equity Fund is looking to acquire Full / Majority Stake in Spices and Related Food Products companies in India. They are trying to create a platform of Small and Mid spice companies combined together and creating a Bigger entity. Ticket Size : INR 30-100 Crores per Company. Interested Companies can …

Looking for Spices and related Food Products companies for Full Acquisitions. Read More »

NCLAT REINFORCES NFRA’S POWERS TO PUNISH CAS FOR PAST AUDIT MISCONDUCTS.

NCLAT Empowers NFRA to Retroactively Penalize Auditors: Landmark Ruling in DHFL CaseIn a groundbreaking verdict, the National Company Law Appellate Tribunal (NCLAT) has affirmed the National Financial Reporting Authority’s (NFRA) authority to retrospectively oversee and take punitive action against Chartered Accountants for misconduct predating its establishment in October 2018. This ruling grants NFRA, the country’s …

NCLAT REINFORCES NFRA’S POWERS TO PUNISH CAS FOR PAST AUDIT MISCONDUCTS. Read More »

What is the GST Amnesty Scheme – Who can apply, how to apply and what is the last date

Who can apply for the scheme1. Taxpayer who could not file appeal against demand order passed on or before 31.3.23, and Those taxpayers who’s earlier appeal was rejected solely on the ground that appeal was filed after deadline was over can apply for this scheme. 2. This means that appeal under GST amnesty scheme cannot …

What is the GST Amnesty Scheme – Who can apply, how to apply and what is the last date Read More »

10 Lessons from The Five Rules for Successful Stock Investing by Pat Dorsey and Joe Mansueto

1. Invest for Fun, Not Just Money: Embrace the joy of investing and the thrill of uncovering hidden gems. Don’t let the pursuit of profit overshadow the enjoyment of the journey. 2. Fear is Kryptonite to Joy: Don’t let fear dictate your investment decisions. Understand market cycles and manage your emotions for rational and long-term …

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