Articles by Affluence Advisory

Refund Process under GST across Different Categories

Posted by Affluence Advisory 14 March 2024 2762 Views

In this article, we have attempted to summarize the computation of refund amount under different categories along with broadly outlining the process.

Cancellation, Suspension and Revocation of GST registration

Posted by Affluence Advisory 13 March 2024 2629 Views

Nowadays, the matters relating to cancellation of GST registration specifically cancellation from retrospective date are being seen on recurring basis. Almost, every other day we see judgement pronounced by some or other High Court dealing with cancellation of GST registration by department.

Remission and Extinguishment of Tax Demand

Posted by Affluence Advisory 12 March 2024 1687 Views

This article summarizes a recent order issued by the Central Board of Direct Taxes (CBDT) on the remission or extinguishment of small tax demands outstanding as of January 31, 2024, under the Income Tax Act 1961 (ITA), Wealth Tax Act 1957, or Gift Tax Act 1958 (referred to as relevant Acts).

RBI Directions on Filings of Supervisory Returns

Posted by Affluence Advisory 06 March 2024 1785 Views

The Reserve Bank of India has issued Master Directions on the 'Filing of Supervisory Returns' by all Supervised Entities on February 27, 2024. In this article, we will focus on the changes applicable to NBFCs.

Diving into Diligence: Simplifying the Essence of Due Diligence Across All Endeavors

Posted by Affluence Advisory 05 March 2024 257 Views

Due diligence is a comprehensive process in business transactions involving the exchange, review, and appraisal of confidential legal, financial, and other material information between parties before finalizing the transaction.

ESOP: Understanding Types & its Tax Impact

Posted by Affluence Advisory 01 March 2024 615 Views

"Employee Stock Ownership Plan" commonly known as ESOP is an employee benefit plan that grants employees an ownership stake in the company. Employers choose which employees will benefit from ESOPs, how many shares to distribute, and how much to charge.

ESOPs vs Sweat Equity - The Need and Differences

Posted by Affluence Advisory 27 February 2024 413 Views

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

Comprehensive guide to POSH Act 2013

Posted by Affluence Advisory 24 February 2024 758 Views

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

Posted by Affluence Advisory 22 February 2024 929 Views

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.