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ESOPs vs Sweat Equity - The Need and Differences

  Affluence Advisory    27 February 2024 at 08:51

Key Differences between ESOPs and Sweat Equity are mentioned in this article!



Comprehensive guide to POSH Act 2013

  Affluence Advisory    24 February 2024 at 08:41

The POSH Act defines sexual harassment to include unwelcome acts such as physical contact and sexual advances, a demand or request for sexual favors, making sexually colored remarks, showing pornography, and any other unwelcome physical, verbal, or non-verbal conduct of a sexual nature.



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.



Revision in the Framework for Fundraising by Issuance of Debt Securities by Large Corporates

  Affluence Advisory    24 January 2024 at 14:18

As per SEBI Regulation SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018 Large Corporates means all those listed Entities



Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict

  Affluence Advisory    19 January 2024 at 08:51

This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime...