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Updates


FCRA Amendment Bill 2020

Highlights         The Bill has added “Public servants” to the list of Individuals who are forbidden from accepting foreign contributions. A public servant has been defined in section 21 of the …

Production linked Incentive scheme for Pharma

With an aim to achieving self reliance in the key area of Pharma APIs, the government of India has announced a scheme to offer production linked incentives for manufacturers setting …

How to Convert a Private limited to an OPC

There are many reasons one may convert a Private company to an One person Company (OPC) they may include but are not limited to : Number of directors falling below …

Taxation of the Digital Economy

The reality of the new the new digital economy is that businesses and their customers are no longer bound by Geography. As we have experienced during this lockdown period, transactions ...

Ecommerce under the equalization levy net

The Finance Act of 2020 has imposed an equilization levy of 2% on consideration received or recievable by a ecommerce operator from an ecommerce sale of goods or services facilitated …