Section 56(2)(viib) pertains to the taxation of consideration received for the issuance of shares when the total consideration surpasses the fair market value of the shares. Previously, this section applied exclusively when the consideration came from a resident individual. However, the Finance Act of 2023 made changes to Section 56(2)(viib) by removing the phrase “being
Green Frontier Capital, a US-based venture capital fund specializing in climate tech startups in India, is confident that these innovative companies will significantly enhance sustainability not only in India but globally. Encouraged by the potential of Indian climate tech startups, the firm plans to intensify its efforts in the country by establishing a dedicated fund
Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, chaired the 52nd GST Council meeting in New Delhi today. The meeting was attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya holding the finance portfolio, as well as Finance Ministers of States & UTs (with legislature)
The government on Tuesday said it will provide a grant-in-aid of up to Rs 50 lakh for startups and individuals to promote innovation in the niche technical textiles segment. “The Startup Guidelines for Technical Textiles – Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) providing grant-in-aid of up to Rs 50
- 22/04/2024in Uncategorized...
- 05/04/2024in Uncategorized
Compliance Calendar for April 2024
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