With the globalization of Indian economy and increase in development of international trade the movement of workers across the world has also been increased. Social security is an important aspect while structuring the international assignments for the employees. Any social security benefit payable in the host country may become an added cost to the employer, especially in situations where there are restrictions for withdrawal. It is in this context that social security agreements (“SSAs”) executed between countries came into perspective …
The valuation of goods is always a matter of concern especially where the goods are imported into India. The value determination may influence the price of goods in India and may impact the competition environment in India. Therefore, proper valuation by custom officer becomes more important and challenging.
As per Custom Act, 1962, the value of goods imported or exported shall be the transaction value i.e. price actually paid or payable subject to condition that,
i) the buyers and sellers …
The Companies (Amendment) Bill, 2020 Assented by President as Companies (Amendment) Act, 2020, provides the following, namely: —
♦ To incorporate a new Chapter XXIA in the Act related to Producer Companies.
♦ To decriminalize certain offences under the Act.
♦ To make provisions for allowing payment of adequate remuneration to non-executive directors in case of inadequacy of profits.
♦ To speed up timeline of right issue under section 62.
♦ To extend exemptions to certain classes of…
Views of our Founder, Mr. Neeraj Bhagat on FCRA Amendment Bill published in Business World
However, Neeraj Bhagat, a Delhi-based reputed tax consultant and the head of his own Chartered Accountant firm has a different take. Bhagat said: “It will minimize the illicit and fraudulent usage of overseas funds. Moreover, inclusion of public servants in prohibited list under section 3 will significantly address the ills and reduce corruption in the economy,” said Bhagat.
Every company has its own capital structure like: –
-Reserves and Surplus
Shares can be of two different types:
Equity Shares are the main source of raising the funds for the firm. All equity shareholders are collectively owners of the company and they have the authority to control the affairs of the business. It is a form of partial or part Ownership in the company in which shareholders bear the highest business risk. …