Acquisition of Agricultural Land in India by NRI/PIO
Acquisition of Agricultural Land in India, Many NRI's Who stay out of India are keen to know whether they can acquire or Transfer Agricultural land in India or Not. And Some times they are also interested to know whether they can acquire Agricultural land/farmhouses & Plantation Property by the way of
Remittance of Assets
Quick Read about Remittance of assets inside/outside India, Sale of Residential Property outside or inside India by NRI/PIO or Purchase of Residential Property outside/inside India by NRI/PIO, and circumstances under which Repatriation of sale of immovable property is allowed What is the remittance of Assets? It means Remittance of assets Inside/Outside India of any
Acquisition and Transfer of Immovable Property in India
The acquisition and transfer of immovable property in India by Non-resident Indians (NRI) / persons of Indian origin (POI)/overseas citizens of India (OCI) are governed by the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2018. The acquisition and transfer of immovable property in India by
Key Highlights of Union Budget 2021-22
In this 21st Century, India has presented for the first time its Digital Budget for the Financial year 2021-22was finally tabled by the Modi Government. The Cabinet chaired by Prime Minister Narendra Modi has approved the Budget for the Fiscal year 2021-22, prepared by finance Minister's NirmalaSitharamanand announces the reforms in
Is Online Gaming Legal in India? | Game of Chance
In January post publication of its report entitled “Legal Framework: Gambling and Sports Betting” Law Commission of India inclusive of Cricket, the Commission released a press note stressing that its suggestion was to banning on betting and gambling activities in India. Now if Central Government or any state specific did
NEW PROVISIONS IN NEGOTIABLE INSTRUMENTS ACT, 1881
The Lok Sabha has passed Negotiable Instruments (Amendment) Bill on July 23, 2018. The amendment introduces new provisions, Section 143A and 148 in the Negotiable Instruments Act, 1881. The new provisions are made to provide relief to the complainant who has to spent considerable time and resources in court proceeding
Ease of Doing Business in India
FIRST TIME IN THE HISTORY, INDIA HAS JUMPED 30 PLACES TO BREAK INTO THE TOP 100 COUNTRIES FOR DOING BUSINESS AND SECURED 100TH RANK. India is closer to global best practices in the regulatory framework for business; all this was achieved by the Narendra Modi government as exemplified by the World Bank’s
Section 10A of Insolvency And Bankruptcy Code, 2016 (IBC )
In pursuance of the aforesaid announcement, on 5th June 2020, an Ordinance titled “Insolvency And Bankruptcy Code (Amendment) Ordinance 2020” came to be promulgated by insertion of section 10A which has practically suspended the applicability of section 7, 9, and 10 of the Insolvency & Bankruptcy, 2016 (“the Code”) for
BANK GUARANTEE EXEMPTION UNDER ADVANCE AUTHORIZATION
Customs Department extending the exemption for execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as amended vide circular Nos. 17/2009-Cus dated 25.05.2009, 32/2009-Cus dated 25.11.2009, 06/2011-Cus dated 18.01.2011, 08/2013-Cus dated 04.03.2013 and 15/2004-Cus dated 18.12.2014
TRANSFER PRICING IN INDIA
LEGALLANDS LLP global transfer pricing practice, in partnership with International Tax Review, is pleased to present the 2019 edition of the Transfer Pricing Controversy Guide, a discussion and overview of the leading issues, challenges and opportunities around transfer pricing (TP) controversy. WHAT IS TRANSFER PRICING? Transfer pricing, for tax purposes, is the