Unicorns in India

A unicorn is a startup private company that has a valuation of over $1 Billion. In Indian rupees (at Rs.74/USD), a valuation of over Rs.7400 Crores. There are more than 700 unicorns across the globe and as of date, India has 52 unicorns. I was curious to know the meaning …

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Can I make money from F&O Trading

How can I make money from Future and Options Trading? Can I earn second source of Income from F&O? I understand big money can be made from F&O Trading. What are the ways or tips to make money from F & O Trading? Stay away from F&O Trading. Investment pundits …

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What is Audit Trail

Today, 24th March 2021, the Ministry of Corporate Affairs (MCA) has issued two important Notifications, namely Amendment to Rule related to Accounts Amendment to Rule related to Audits The Amendment to Accounts is something interesting and new to all businessmen. The Notification says “Provided that for the financial year commencing …

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Taxation of Electricity in India

India is world’s 3rd largest producer of electricity, with an installed capacity of 315 GW1. In this article we try to understand what is the legal structure in India currently taxation of electricity and applicability of various taxation laws with reference to specific provisions in brief as they apply …

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Notice under Shops and Establishment Act

Are you running a business in Karnataka? Beware! You may find an unsolicited guest at your doorstep! The Labour Inspector! Some of our clients had ‘nice time’ with them in the recent past! Why they will come? What they will ask for? What Notice they can issue? About the Notice …

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Get Import and Export Code IEC in a day

I often used to visit the JDGFT office for following up on a IEC status. Client used to have a lot of issues without having allotted the IEC. The process involved was very lengthy, tedious. In the era of online world, obtaining an Import export code was in a manual …

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Govt clarification on controversial tax on EPF

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are …

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