1. INTRODUCTION The Indian Accounting Standards (IND AS) are Accounting Standards, harmonized with IFRS (International Financial Reporting Standards)/IAS (International Accounting Standards) to make Financials Accounts and Reports of Indian Companies...
Business professionalism
I-T Proposes New Norms for Taxing MNCs in India
The income tax department Thursday proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base. The...
Mandatory Compliances for a Private Limited Company in India
Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Managing the day to day operations of your business along with complying the corporate...
India-USA sign Inter-Governmental Agreement for Exchange of Country-by-Country Reports
India and the United States of America have signed an Inter-Governmental Agreement for Exchange of Country-by-Country (CbC) Reports on March 27, 2019. The Agreement was signed by Shri P.C.Mody, Chairman, Central Board of Direct Taxes and Mr. Kenneth I. Juster,...
Angel Tax Breather: Scheme to Accredit Investors in Works
India is eyeing a new framework for recognising investors so that they won’t be subject to the so-called angel tax provisions on their funding of startups. The Department for Promotion of Industry and Internal Trade (DPIIT) is looking to put in place such a regime so...
Employee Stock Option Plan for an Unlisted Company
Brief about Employee Stock Option Plan (ESOP) Employee Stock Option Plan (ESOP) is a frequently used incentive mechanism used by organizations. There are various reasons for which the employees of a company are given such stock options. The phenomena of stock options...
How to Set up Project Office in India?
‘Project Office’ means a place of business to represent the interests of the foreign company executing a project in India but excludes a Liaison Office. The project office is the ideal method for companies to establish a business presence in India, if the object is to...
How to Set up Branch/ Liaison Office in India
Recently, India has been growing at an unprecedented pace which has aroused a keen interest among foreign entities to establish their operations in India and tap into one of the largest and fastest growing market, and have access to some of the best human resources in...
Closure of Liaison Office in India- Compliances to be done
Liaison offices (LOs) are a popular option for foreign investors exploring the Indian market for the first time, and unsure of how the country’s liberalizing FDI caps will affect their business. In contrast to other business structures, LOs allow foreign companies to...









