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Analysis of Section 115BAB – An opportunity or a challenge

Analysis of Section 115BAB – An opportunity or a challenge

IntroductionDuring the month of September 2019, our Finance Minister Mrs N. Sitharaman gifted the Indian Industrial sector a much-awaited tax rate slash making Indian industry more competitive around the world. With the Taxation (Amendment) Ordinance Act 2019 the...

Taxability of Salary Allowances and Deductions

Taxability of Salary Allowances and Deductions

IntroductionAs the new financial year i.e. FY 2020-2021 is going to start, there is in mind of every salaried individual about their tax planning and where to invest to reduce the tax liability efficiently. Most of the taxpayer in India regularly have following most...

Articles

Case Law Gurunanak Romell LLP

The applicant M/s. Gurunanak Romell LLP is undertaking certain Residential Real Estate Projects (RREP) primarily having residential apartments with a carpet area upto 60 sq. mts. As per the applicant, since more than 50% of Floor Space Index (FSI) is utilized towards...

EMPLOYEE STATE INSURANCE CORPORATION

The Employee State Insurance (ESI) is a social security and health insurance scheme for salaried Indian citizens and their dependants in contingencies, such as, sickness, maternity or death and disablement due to an employment injury or occupational disease. It is...

Economic Substance Regulations in the UAE

Background An unfavorable status of the United Arab Emirates (UAE) before the European Union (EU) Pro-active measures to address EU concerns around shifting of profits aimed at the following key factors: No or nominal taxes; Lack of transparency and exchange of...

Updates

Summary of key announcements by reserve bank of India 17th April, 2020

Summary of key announcements by reserve bank of India 17th April, 2020

RBI has taken following measures to (i) maintain adequate liquidity in the system and its constituents in the face of COVID-19 related dislocations; (ii) facilitate and incentivise bank credit flows; (iii) ease financial stress; and (iv) enable the normal functioning...