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WHAT IS RETROSPECTIVE TAX? Retrospective Tax is a type of tax which is imposed on transactions which has taken place in the past. The Retrospective Tax was introduced in the year 2012 by the late former Prime Minister and the then Finance Minister Pranab Mukherjee. The Retrospective Tax brought in effect

According to Section 12A of Income tax Act 1961, the trusts were registered for perpetuity, but after the enforcement of new rules accompanied in the Finance Act 2020, effective from 01.04.2021, the newly incorporated trusts shall be registered under the new procedure mentioned in section 12AB and the existing trusts

An Indian person can make an investment in outside India, either under the Automatic Route or the Approval Route. What are the General Permissions available to persons (Individual) Resident in India for Purchase / Acquisition of Securities?  General permission has been granted to persons (individual) resident in India for purchase/acquisition of securities

Foreign Entities has an option for establishing a Branch Office, Liaison Office, Project Office or any other place of business in India, under FEMA Act, 1999. Permitted Activity of Branch Office in India: Companies incorporated outside India and engaged in manufacturing or trading activities are allowed to set up Branch Offices in India and undertake

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