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Micro Finance Company

Micro Finance Scheme: NMDFC

Micro Finance Scheme: NMDFC

The National Minorities Development and Finance Corporation has launched its micro finance scheme for minorities for their holistic development. The scheme...

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Finance & Accounting

Set Off and Carry Forward of Losses

Set Off and Carry Forward of Losses

Profit and loss are two sides of a coin. However, incurring losses can be demoralizing for the business, but the Indian Income-tax law does provide taxpaye...

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IFSCA

Identification of Suspicious Transactions under IFSCA A...

The IFSCA has issued guidelines on curbing the activities of Anti-money laundering and Counter-terrorist financing activities wherein the regulated entity...

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Income Tax

Bad Debt’s Write Off Can’t Be Adjusted In Book Prof...

Bad Debt’s Write Off Can’t Be Adjusted In Book Profits

The ITAT Bangalore pronounced a judgement on 19th December 2022 in case titled M/s Mindtree Ltd Vs DCIT in respect of the cross-appeals against the order o...

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Recovery of Shares

Detailed Procedure for Name Deletion/Updation in Shares...

Detailed Procedure for Name Deletion/Updation in Shares

Investing in equity shares of several companies jointly is a lucrative option; however, it can be problematic in cases where the joint shareholders abscond...

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Business Plan

Business Plan for Investing In Small Scale Industry in...

Business Plan for Investing In Small Scale Industry in India as a Foreigner

The Small Scale Industries in India is increasing rapidly, paving the way for many opportunities. The small scale industries form approximately 40% of Indi...

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PMLA

Understanding the Implications of PMLA on AIF

Understanding the Implications of PMLA on AIF

Several international initiatives, including UN conventions, the Basel Convention, the Financial Action Task Force (FATF) recommendations, the Vienna Conve...

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Income Tax

Residential Status and Scope of Total Income

Residential Status and Scope of Total Income

Residential status is vital to determine the taxability of an individual in India for any particular financial year. The term residential status has been p...

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