Articles by Affluence Advisory

India's Economic Accelerators Exploring the Fastest-Growing Industries

Affluence Advisory 07 June 2024 at 08:47

This article embarks on a journey to uncover the fastest-growing industries in India, ranging from technological advancements in Information Technology to life-saving innovations in healthcare and the burgeoning FMCG market.

Dematerialization of Securities - Navigating the Process and Laisoning with RTA

Affluence Advisory 05 June 2024 at 08:38

The process of converting the physical certificates of an investor into an electronic form is known as Dematerialization.

De-Dollarization: A Global Shift in Economic Power

Affluence Advisory 04 June 2024 at 08:34

Understanding the implications of de-dollarization is crucial, as it signifies a potential shift in economic power and the reconfiguration of the global financial system.

Redevelopment of society: Tax implications

Affluence Advisory 31 May 2024 at 08:42

Redevelopment of society means tearing down an existing oneone and building a new one in place of it. it. Simply put, it isa reconstruction a reconstruction of the existing residential and/or commercial structure.

Comprehensive Guide to Provisions of Managerial Remuneration

Affluence Advisory 27 May 2024 at 08:44

Salary and other benefits provided to managers in exchange for their daily efforts to improve the company's performance are known as managerial remuneration (MR). To calculate Managerial Remuneration, we consider any salary and other perks drawn by Directors, Managing Director and Whole-Time Director, Managing Director and Managers (Directors).

RBI asks NBFCs to stick to Rs 20,000 cash loan pay-out limit

Affluence Advisory 22 May 2024 at 08:45

The recent regulatory measures implemented by the RBI targeting numerous banks, NBFCs and fintech firms underscore the significant emphasis regulators place on fostering a balanced and resilient ecosystem, whether in lending, IT governance, or credit expansion or addressing NPA'S and Provisioning.

New Tariff Walls

Affluence Advisory 17 May 2024 at 08:34

Since 2018, an economic rift has persisted between China and the United States (US), spurred by a revision in the foreign economic stance under President Donald Trump's administration.

Liability of Directors in case of a Private Company

Affluence Advisory 15 May 2024 at 15:16

In this article, we have tried to cover the liability of directors under different laws, i.e., company law, income tax, and GST.

Doctrine of Merger in case where Apex Court dismisses a Case based on Threshold

Affluence Advisory 14 May 2024 at 14:11

In a recent judgment of Jharkhand HC, the captioned principle has been discussed at length.

Tax Implications on Slump Sale

Affluence Advisory 11 May 2024 at 08:47

Section 2(42C) of the Income-tax Act, 1961 (IT Act) defines the term slump sale" as the transfer of one or more undertakings, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such a transfer