Category Archives: Start Ups and SMEs

Presumptive Taxation Scheme of 44AE

The scheme of section 44AE is designed to give relief to small taxpayers engaged in the business of plying, hiring or leasing of goods carriages. Eligible taxpayer and eligible business for the purpose of the presumptive taxation scheme of section 44AE Every person... read more

Presumptive Taxation Scheme of Section 44AD

As per the Income-tax Act, a person engaged in business or profession is required to maintain regular books of account and further, he has to get his accounts audited. To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the... read more

How does a Foreign Entity provide loan to Indian Company?

Brief Guidelines of FEMA with respect to Foreign Loan availability for Indian Corporates, along with restrictions as prescribed by RBI have been laid down below Borrowings in Foreign Exchange   External Commercial Borrowings Trade Credit Particulars Automatic Route... read more

Benami Transactions Act 2016

The Benami Transactions Act, 2016 has recently been passed by the government. Read further to understand the provisions of the act. What is Benami Property? Benami essentially means property without a name.  In this kind of transaction the person who pays for the... read more

How does Foreign Investor invest in an Indian Company?

The RBI has laid down FEMA regulations for regulating how FDI flows in India and the procedure to be followed for their compliance. There are two procedures for receiving Foreign Direct investment in an Indian Co. – the Automatic and the Government Route.... read more

How to do Business in India

There are different forms of business entities that you can set up in India. A brief description of each along with their main features have been given below. Sole Proprietorship : The sole proprietorship is the simplest business form under which one can operate a... read more

Transfer Pricing Provisions

A separate code on transfer pricing under Sections 92 to 92F of the Indian Income Tax Act, 1961 (the Act) covers intra-group cross-border transactions which is applicable from 1 April 2001 and specified domestic transactions which is applicable from 1 April 2012.... read more

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