Articles by Affluence Advisory

Applicability of provisions to collect taxes at source ('TCS') on foreign payments

Affluence Advisory 22 February 2024 at 14:37

Vide notification dated 16 May 2023, the government deleted the above-mentioned exception. It included the payments by use of an International Credit Card for making payment by a person towards meeting expenses while such a person is on a visit outside India within the ambit of LRS.

RBI's 2024 Guidelines for Commercial Paper and Non-Convertible Debentures

Affluence Advisory 17 February 2024 at 08:16

RBI's 2024 Guidelines: Master Direction on Commercial Paper and Non-Convertible Debentures with Up to One-Year Maturity

Section 43B (H) Of the Income Tax Act: Timely payments to MSMEs

Affluence Advisory 13 February 2024 at 08:48

The intention of the government is to promote MSMEs thereby with introduction of section 43B (h) in the Act signifies a positive step towards ensuring timely payments to MSMEs.

Web Form CSR 2 - CSR & Its Compliance under Companies Act, 2013

Affluence Advisory 09 February 2024 at 08:50

The Ministry of Corporate Affairs (MCA) through its notification on 11th February 2022 issued a circular regarding the due date for filing Form CSR-2 for the financial year 2022-23. This notification introduced an amendment to Rule 12(1B) of the Companies (Accounts) Rules, 2014.

Government Schemes for MSME & Startups

Affluence Advisory 07 February 2024 at 13:51

Micro, Small, and Medium Enterprises (MSMEs) forms the backbone of any thriving economy, contributing significantly to employment generation, innovation, and economic growth.

Foreign investment in Alternative Investment Funds (AIFs)

Affluence Advisory 25 January 2024 at 17:04

The Government of India through gazette notification dated March 07, 2023 and September 04, 2023, amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, inter-alia, to revise the thresholds for determining the beneficial ownership.