Income Tax Search and Seizure (Search) Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in It is not uncommon for any professional to face income tax search and seizure (also referred to as “Raid”) few times in their career. The very thought of an Income Tax Search and Seizure gives a chill in the spine and un-nerves […]
Tax laws
Taxation on Employee Stock Option Plan
Taxation on Employee Stock Option Plan Contributed By: Swati Sharma Email ids: swati@simplybiz.in What is ESOP Section 2(37) of Companies Act, 2013 defines “employees stock option” which means, ‘the option given to the directors, officers or employees of the company or of its holding or subsidiary company or companies, if any, which gives such […]
Taxation of Mergers and Acquisitions in India
Taxation of Mergers and Acquisitions in India Contributed By: Shaik Fazal AhmedEmail ids: fazal@simplybiz.in Mergers and Acquisitions (M&A) is a corporate strategy involves combining of two or more companies through various means like consolidation, merger, acquisition to create synergies and a greater value. M&A transaction is complex and involves various legal, financial matters and require […]
GST on Petroleum Products
GST on Petroleum Products Contributed By: Shaik Fazal Ahmed Email id: fazal@simplybiz.in Introduction We know today, in the complete world market petroleum and its products hold a huge space. Right from curd oil to kerosene and plastic from the last remains of curd oil. Every country has its own direct and indirect tax applicable for […]
Budget 2023 Relating to Individual Income Tax
Budget 2023 Relating to Individual Income Tax Author: Shaik Fazal Ahmed Email id: fazal@simplybiz.in Finance Minister has unveiled most awaited government’s last full year budget before elections on 1st day of February 2023. Here are some key Individual Income Tax related highlights: 1.Old vs New Tax Regime: In Budget 2020, a new provision was inserted […]