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New Amendment regarding Maintenance of Accounts and Books in Electronic Mode
25th August 2022 Ministry of Corporate Affairs (MCA) vide a notification dated 5th August 2022 has amended Rule 3 of Companies (Accounts) Rules, 2014, relevant for companies maintaining their accounts and other books and papers in electronic mode. The…
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Income Received in GIFT IFSC: Taxed in India? An Anomaly Worth Noticing
Section 5(1)(a) of the Income-tax Act, 1961 provides that the total income of a resident includes all income received or deemed to be received in India, regardless of its source. This seems straightforward until you factor in GIFT IFSC. GIFT…
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January – February Newsletter
1) A Snapshot of the Concert Economy: Insights from Coldplay Did you know India’s concert economy is growing at a staggering 17.6% CAGR, with the live events market projected to hit ₹143 billion by 2026? Coldplay’s recent concerts in Mumbai…
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