Download or read book Taxmann s FEMA Manual Set of 2 Vols Compendium of amended updated annotated text of Acts Rules Regulations Notifications Master Directions Case Laws etc on FEMA FCRA PMLA FDI written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-08-08 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark publication is an authoritative and comprehensive compendium designed to provide an in-depth understanding of foreign exchange management laws in India. As the regulatory landscape evolves, understanding the intricate framework established by the Foreign Exchange Management Act (FEMA) and its related rules and regulations is essential. This compendium provides annotated text of FEMA, extensive coverage of rules and regulations, and a digest of case laws. It also goes beyond legal text with detailed annotations and a practical reckoner, making complex regulatory requirements accessible and understandable. Updated regularly to reflect the dynamic nature of foreign exchange regulations, the compendium includes the latest master directions and notifications issued by the Reserve Bank of India (RBI). It also covers critical areas such as foreign direct investments (FDI), prevention of money laundering, and laws related to foreign contributions, providing detailed analyses and procedural guidelines. Designed for ease of use, the manual features extensive cross-references and indexing, making it simple to find relevant information quickly. The recent changes (from February 2024 – June 2024) in FEMA & FDI Laws include: • 5+ Amendments in Act/Rules/Regulations • 5+ Updated/New Master Circulars This book is designed for a broad audience, including finance and legal professionals who need to understand and comply with foreign exchange regulations and educators and students studying finance, law, and international trade. Businesses and investors involved in foreign direct investments and international transactions will also find it helpful. Non-Governmental Organizations (NGOs) receiving foreign contributions will benefit from the detailed analysis of related laws and compliance requirements. Additionally, it is a crucial reference for officials and policymakers tasked with understanding and implementing foreign exchange regulations. The Present Publication is the 44th Edition & updated till 10th July 2024. This book is edited/authored by Taxmann's Editorial Board, with the following noteworthy features: • Annotated Texts o Foreign Exchange Management Act (FEMA) – The compendium provides an annotated text of FEMA, explaining the intricacies of each section and its practical implications o Rules and Regulations framed under FEMA – Comprehensive coverage of 55+ rules and regulations established under FEMA, ensuring users understand the complete regulatory framework o Notifications issued under FEMA – Up-to-date notifications issued by the regulatory authorities, including 50+ notifications providing clarity on recent changes and updates • Master Directions o Comprehensive and Current – The compendium includes 20+ master directions updated to date, providing a consolidated view of the regulatory directives issued by the RBI • Memorandum of Instructions o Detailed Instructions – Essential for interpreting and implementing FEMA provisions, the compendium provides a memorandum of instructions that guide users through complex regulatory requirements • Laws Relating to Foreign Contributions o Regulatory Compliance – Detailed analysis of the laws governing foreign contributions in India, crucial for NGOs and other entities receiving foreign funds • Prevention of Money Laundering o Legal Framework – Comprehensive coverage of the Prevention of Money Laundering Act (PMLA), highlighting its significance and enforcement in the context of foreign exchange management • Foreign Direct Investments (FDI) o Policy and Procedures – Thorough examination of FDI policies, procedures, and compliance requirements, facilitating easier navigation for investors and businesses involved in foreign investments • Allied Acts/Rules & Guidelines o Related Legislations – Additional related laws and guidelines that impact foreign exchange management, providing a holistic view of the regulatory environment The volume-wise highlights of this book are as follows: • Volume 1 | Highlights o FEMA and FDI Ready Reckoner § Quick Reference Tool – A ready reckoner that summarizes essential FEMA and FDI provisions, enabling users to access vital information quickly § User-Friendly Format – Organized in an easy-to-navigate format, making it simple for users to find relevant details efficiently o FEMA Case Laws Digest § Judicial Interpretations – A comprehensive digest of significant case laws related to FEMA, offering practical insights into judicial interpretations and enforcement trends o Division Heads § Systematic Organization – Contents are divided into key sections, including current account transactions, adjudication proceedings, compounding proceedings, and more, ensuring systematic coverage of all relevant areas o List of Basic Notifications § Comprehensive Listings – Detailed list of 50 notifications issued by the Central Government and RBI under FEMA, with brief descriptions and page references for easy access • Volume 2 | Highlights o Extended Analysis § In-Depth Coverage – Further elaboration on FEMA regulations, notifications, and case laws not covered in Volume 1, ensuring complete coverage of all relevant legal aspects § Up-to-Date Information – Inclusion of newer regulations and amendments, keeping the content current and comprehensive o Practical Insights § Application Examples – Real-world examples and case studies to illustrate the practical application of FEMA regulations § Expert Commentary – Insights and analysis by leading professionals in the field, providing authoritative guidance on complex regulatory issues The detailed contents of this book are as follows: • Foreign Exchange Management Act (FEMA) o Detailed sections covering the scope, applicability, and enforcement of FEMA o Annotations explaining the practical implications of each provision • Rules and Regulations under FEMA o Comprehensive coverage of all 55 rules and regulations framed under FEMA o Detailed explanations of the procedural requirements and compliance obligations • Notifications and Master Directions o Up-to-date notifications and master directions issued by the RBI o Analysis of the impact of these directives on foreign exchange transactions • Memorandum of Instructions o Detailed guidelines for interpreting and implementing FEMA provisions o Practical instructions for ensuring regulatory compliance • Foreign Contributions and Prevention of Money Laundering o Legal framework governing foreign contributions and money laundering prevention o Compliance requirements for organizations receiving foreign funds • Foreign Direct Investments (FDI) o Policies and procedures for foreign direct investments in India o Compliance requirements and procedural guidelines • Allied Acts/Rules & Guidelines o Related legislation impacting foreign exchange management o Guidelines for navigating the regulatory environment

Download or read book Taxmann s Cross Border Transactions under Tax Laws FEMA Practical Commentary covering Income Tax including International Tax Transfer Pricing GST Customs FEMA etc with Case Laws written by Dr. G. Gokul Kishore and published by Taxmann Publications Private Limited. This book was released on 2023-05-26 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides practical guidance based on judicial interpretation of the law and rules. It also provides an easy-to-understand commentary (with departmental clarifications) on cross-border transactions with respect to the following laws: • Income Tax (including International Tax & Transfer Pricing) • Goods & Services Tax (GST) • Customs • Foreign Exchange Management Act (FEMA) This book will be helpful for practitioners, members of the bar & bench and industry, and assessing officers. The Present Publication is the 3rd Edition, amended by the Finance Act 2023 and updated till 1st May 2023. This book is authored by Dr. Gokul Kishore & R. Subhashree, with the following noteworthy features: • [Easy-to-Understand Practical Commentary] covering: o Income Tax (including International Tax & Transfer Pricing) § Implications of International Transactions § Adoption of Appropriate Transfer Pricing (TP) § Comprehending the Creation of Permanent Establishment (PE) and Double Taxation Avoidance Arrangements (DTAA) § Ensuring Compliance with Withholding Obligations when payment is made to non-resident § Issues relating to Royalty & Fees for Technical Services (FTS), Tax Residency and Foreign Tax Credit (FTC) o GST § Examination of Cross-Border Services by applying Place of Supply & Export of Service provisions under the Integrated Goods and Services Tax Act (IGST), besides analyzing benefits to exporters o Customs § Valuation of Imported Goods under Customs Valuation Rules, when transaction value as declared by importer is not accepted § Availing Customs Duty Exemptions § Duty Remission and Rewards under various Export Promotion Schemes as provided in Foreign Trade Policy 2023 o FEMA § Compliance with Provisions of FEMA on Receipts and Payments for Export and Imports • [Exhaustive Discussion on both Basic Concepts and Issues faced by the Industry] combined with essential commentary on statutory provisions and the jurisprudence. • [Cross-references to other Chapters] wherever implications need to be understood The structure of the book is as follows: • [Chapter 1 | Customs Valuation] discusses Article VII of GATT, Customs Valuation Agreement, Section 14 of Customs Act, 1962, Customs Valuation Rules (for imported goods) and Export Valuation Rules with relevant judgments and orders. Pointers relating to transfer pricing issues have also been mentioned in this chapter • [Chapter 2 | Transfer Pricing] analyzes international transactions, associated enterprises, comparables, methods of determining Arms Length Price, TP challenges in India as per the UN TP Manual and judicial rulings, creation of marketing intangibles and TP issues relating to AMP expenses. TP assessment, adjustment and appellate remedy have also been included. To provide a 360° perspective, secondary adjustment, Country by Country Reporting (CbCr), thin capitalization, Cost Contribution Arrangements, intra-group services and cost-sharing arrangements have been succinctly covered • [Chapter 3 | Permanent Establishment & DTAAs] discusses taxing powers and sources of income. The concept of PE and types of PE have been explained through the relevant articles in various DTAAs, along with treatment by the Indian judiciary and ITAT. The attribution of profits to PE, which has significant practical implications, has also been discussed • [Chapter 4 | Incomes other than Business Income, Withholding Obligations and Foreign Tax Credit] is broad-based and to the extent relevant to cross-border transactions; it provides a commentary laced with practical guidance on residency, the definition of interest, jurisdiction to tax, dividends paid or received, taxation of royalty, FTS, salary, capital gains, other income, withholding obligations, FTC, the requirement to file the return and the concept of the representative assessee • [Chapter 5 | Import & Export under IGST Act] as applicable to import and export of goods, import of services and export of services, along with the provisions on the place of supply and refund mechanism, forms the fifth chapter • [Chapter 6 | Customs Exemption and Export Promotion Schemes under FTP] Considering the relevance to cross-border trade, Customs Duty exemptions and export promotion schemes under Foreign Trade Policy 2023 (FTP) have been discussed in the sixth chapter. • [Chapter 7 | Export and Import under FEMA & Regulations] Knowledge of obligations and provisions applicable to export and import under FEMA and regulations thereunder is integral to cross-border transactions. Therefore, a concise commentary on the same has been provided in Chapter 7 • [Chapter 8 | Dispute Resolution] Dispute resolution mechanisms under IGST Act and Customs Act, along with alternative dispute resolution under Income Tax Act, have been included. Chapter 8 also provides a broad overview of the statutory remedies available to exporters and importers

Download or read book Taxmann s Cross Border Transactions under Tax Laws FEMA Practical Commentary Enriched with Case Laws Judicial Interpretations Cross References for Holistic Analysis written by Dr. G. Gokul Kishore and published by Taxmann Publications Private Limited. This book was released on 2024-10-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive guide for managing tax and compliance issues in cross-border business transactions. It focuses on critical laws such as the Income Tax Act, Customs Act, IGST Act, and FEMA, providing practical insights into international taxation, transfer pricing, and the valuation of goods in cross-border trade. The book also covers important areas like withholding tax obligations, customs duty exemptions, and the application of Double Taxation Avoidance Agreements (DTAAs). With a focus on real-world challenges, the book goes beyond basic concepts to address practical issues faced by businesses involved in cross-border operations. Its commentary is enriched with case laws, judicial interpretations, and departmental clarifications, providing a deep understanding of statutory provisions and their practical applications. Including cross-references across chapters ensures that readers gain a holistic view of the subject matter, making it a reliable tool for technical analysis and informed decision-making. This guide benefits exporters, importers, judicial members, legal practitioners, tax professionals, and government authorities. It assists these stakeholders in understanding the complexities of cross-border taxation, customs valuation, GST compliance, and FEMA regulations, helping them achieve tax efficiency and regulatory compliance. The Present Publication is the 4th Edition, amended by the Finance (No. 2) Act, 2024. This book is authored by Dr G. Gokul Kishore & R. Subhashree, with the following key highlights: • [Comprehensive Coverage of Multiple Laws] The book is unique in covering four key laws at once – the Income Tax Act, the Customs Act, the Integrated Goods and Services Tax (IGST) Act, and FEMA – making it an essential resource for understanding cross-border tax implications. It addresses areas such as arm's length pricing, Permanent Establishment (PE), intermediary services, and the role of customs authorities in regulating valuation • [Up-to-date Content] The fourth Edition is fully updated with the latest amendments as per the Finance (No. 2) Act, 2024, and includes relevant judgments and orders to ensure readers are informed of the most current legal landscape • [International Taxation & Transfer Pricing] The book thoroughly examines international taxation, covering essential topics such as transfer pricing and arm's length price (ALP) under the Income Tax Act. It analyses the complexities of associated enterprises, transfer pricing methods and judicial rulings. Additionally, the book explores the concept of marketing intangibles and AMP expenses, key challenges in Transfer Pricing (TP) assessments, and practical remedies for TP adjustments. A comprehensive analysis of the creation of Permanent Establishment (PE) is provided, with reference to relevant Double Taxation Avoidance Agreements (DTAAs) and tax treaty provisions concerning royalty, Fees for Technical Services (FTS), and tax residency • [Focus on Avoiding Profit Shifting] A key concern for tax authorities is shifting profits between jurisdictions. The book examines the Income Tax Department's focus on preventing profit shifting, especially in cross-border transactions involving payments to overseas parties, and provides strategies for businesses to remain compliant • [Customs Valuation & Compliance] The book provides valuable guidance on the valuation of imported goods under the Customs Valuation Rules, addressing challenges faced by importers and exporters when defending declared transaction values. It examines the Customs Department's concerns regarding under-valuation, especially where importers and exporters are related parties, and covers the Customs Valuation Agreement under GATT, along with judicial rulings on valuation • [GST and Cross-border Services] A crucial section is dedicated to analysing cross-border services under GST law, focusing on provisions of the IGST Act related to place of supply, export benefits, and intermediary services. The book also delves into specific challenges faced by online service providers operating across jurisdictions and how businesses can optimise compliance while leveraging export benefits under GST • [FEMA Compliance] The role of FEMA in regulating payments and receipts related to imports and exports is thoroughly discussed. It examines the intersection of FEMA with other tax laws, particularly regarding establishing branch or liaison offices of foreign companies in India. The interplay of FEMA with tax laws becomes especially significant when dealing with transactions between the establishments of the same legal entity in different jurisdictions • [Withholding Obligations & Compliance] The book provides insights into withholding obligations under the Income Tax Act, often dependent on DTAA provisions. Companies dealing with cross-border incomes like royalty and FTS must comply with these obligations, and the book provides practical guidance on how to handle such transactions effectively • [Export Promotion and Incentives] A chapter is devoted to explaining the various customs duty exemptions and export incentives available under the Foreign Trade Policy 2023, offering practical insights for companies aiming to maximise benefits through export promotion schemes • [Case Laws & Judicial Interpretations] The book stands out for its comprehensive analysis of relevant case laws and judicial interpretations. It is essential for practitioners, legal advisors, and departmental officers dealing with cross-border tax disputes. These judicial precedents help in understanding the finer nuances of the laws and their application in real-world scenarios The structure and chapter overview of the book is as follows: • Customs Valuation o This chapter explores Article VII of GATT, the Customs Valuation Agreement, and Section 14 of the Customs Act, 1962. It provides insights into customs valuation for imported goods, transfer pricing issues, and relevant judicial rulings • Transfer Pricing o A deep dive into transfer pricing rules, including international transactions, associated enterprises, and methods for determining ALP. The chapter also addresses challenges related to marketing intangibles, AMP expenses, and other TP-related issues. It also discusses secondary adjustment, Country-by-Country Reporting (CbCr), thin capitalisation, and cost-sharing arrangements • Permanent Establishment & DTAAs o This chapter covers the concept of Permanent Establishment (PE) and its treatment under various DTAAs. It discusses the attribution of profits to PE and includes judicial interpretations and ITAT rulings on the subject • Tax Residency & Withholding Obligations o Practical guidance is provided on residency, taxation of interest, dividends, royalties, Fees for Technical Services (FTS), and foreign tax credit (FTC), along with a discussion on withholding obligations under the Income Tax Act • GST & Cross-Border Services o The fifth chapter focuses on GST provisions relevant to the import and export of goods and services, with an emphasis on the place of supply and the refund mechanism under the IGST Act • Customs Duty Exemptions & Export Schemes o This chapter elaborates on customs duty exemptions and export promotion schemes available under the Foreign Trade Policy 2023 • FEMA Compliance o A concise commentary on FEMA provisions applicable to cross-border transactions, including regulations for payments and receipts in the context of imports and exports • Dispute Resolution Mechanisms o The final chapter discusses the dispute resolution mechanisms available under the IGST Act, the Customs Act, and alternative dispute resolution processes under the Income Tax Act

Download or read book Taxmann s FEMA Practice Manual Comprehensive Commentary on FEMA Simplifying Complex Cross border Transactions with Checklists Examples Case Studies Compounding Orders Case Laws written by CA Sudha G. Bhushan and published by Taxmann Publications Private Limited. This book was released on 2024-06-27 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to simplify the fundamentals while providing exhaustive coverage of the relevant laws and regulations. It provides a comprehensive commentary on various sections, rules, and regulations under the Foreign Exchange Management Act (FEMA), making it a complete guide to foreign investment provisions. This book is a comprehensive resource for professionals and Authorized Dealer (AD) banks, enabling effective management and implementation of Foreign Exchange law in India. It is a one-stop solution for: • Professionals, including Chartered Accountants, Company Secretaries, Cost Accountants, and Lawyers • Chief Financial Officers (CFOs) of multinational and Indian companies • Authorised Dealer Banks • Students • Individuals interested in international transactions The Present Publication is the 3nd Edition, authored by CA Sudha G. Bhushan. It is amended up to 7th June 2024, with the following noteworthy features: • [In-depth Analysis] Detailed commentary on every section of FEMA, providing a thorough understanding of the law • [Essential Resource] A must-have for persons managing trade or capital account transactions • [Clear Guidance] Simplifies various provisions with easy-to-understand language and practical examples based on real case studies • [Key Concepts Explained] Breaks down essential concepts like Residential Status and Capital/Current Account transactions with numerous examples • [User-friendly Approach] Includes pictorial representations, checklists, examples, case studies, and RBI compounding orders to make complex laws comprehensible • [Practical Focus] Provides detailed guidelines and procedures for transactions, making it easy to understand and apply the law The contents of the book are as follows: • [Fundamentals] o This division covers the historical background and regulatory framework of FEMA, illustrating the paradigm shift from FERA to FEMA o It includes detailed commentary on current and capital account transactions, currency management, and the roles of regulatory bodies like the Reserve Bank of India (RBI) and the Central Government o This division also explains the balance sheet approach to evaluate transactions under FEMA and provides guidelines on maintaining foreign currency accounts • [Foreign Investment] o This unit provides an in-depth analysis of foreign investment regulations, including Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) o It discusses the governing regulations, types of foreign investments, entry routes, pricing methodologies, and downstream investments, offering practical insights for effective compliance and management • [Cross Border Assets] o This unit focuses on the acquisition and transfer of immovable property in India by non-residents and vice versa o It addresses the restrictions, procedural requirements, and conditions for repatriation of sale proceeds, ensuring a clear understanding of cross-border asset management • [Borrowings] o This unit discusses the various aspects of borrowings, including trade finance, External Commercial Borrowings (ECB), acceptance of deposits, and issuance of guarantees o It provides detailed guidelines on the procedures, compliance requirements, and benefits associated with different types of borrowings • [International Financial Services Centre (IFSC)] o This unit explains the strategic objectives, benefits, and regulatory framework of IFSCs o It highlights the promotion of investments in IFSCs by the Central Government and discusses the provisions related to overseas investment in and out of IFSCs • [Trade Transactions] o This unit covers the regulations governing exports, imports, and merchanting trade o It details the procedural requirements, obligations of exporters, realisation and repatriation of export proceeds, and the various types of exports, providing a comprehensive guide for trade-related transactions • [Contravention and Offences] o This unit addresses the consequences of non-compliance with FEMA, including the process of compounding, penalty provisions, adjudication procedures, and the role of the Enforcement Directorate o It provides practical examples and case studies to illustrate the compounding process and the implications of non-compliance • [Overseas Investment] o This unit provides a detailed framework of the new overseas investment regime, including definitions, pre-conditions, routes, and pricing guidelines for making overseas investments o It covers the roles and responsibilities of AD banks, reporting requirements, and the procedures for disinvestment and restructuring

Download or read book FEMA Compounding Orders A Comprehensive Analysis written by Harshal Bhuta and published by Bloomsbury Publishing. This book was released on 2021-05-15 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the book The law governing exchange control aspects of cross border transactions viz. Foreign Exchange Management Act, 1999 along with its Rules and Regulations, is a special and unique statute in itself, which is regulated and administered by Reserve Bank of India ('RBI'). RBI implemented a policy decision in May 2016, to make public disclosure of all compounding orders passed by it. This has offered an ideal opportunity to gain insights into RBI's outlook and interpretation of FEMA, and also the administrative practices adopted by RBI from time to time. The book provides a comprehensive analysis of all the compounding orders published by RBI during the period July 2016 to December 2018, to facilitate FEMA practitioners, companies and other persons undertaking cross-border transactions in understanding the RBI's perspective which is the driving force behind its interpretation and administration of FEMA. Key features of the book · Solitary publication on analysis of RBI compounding orders (covering orders issued upto 31st December 2018) · Coverage of 1268 FEMA compounding orders · Arrangement of compounding orders Notification-wise and Regulation-wise · Handy comparison of erstwhile and revised FEMA Notifications for provisions contravened under the compounding orders · Vital insights into principles applied by RBI while interpreting provisions of FEMA and important notifications · Detailed reporting of nearly 100 compounding orders along with analysis and summary compilation of all remaining orders

Download or read book Taxmann s FEMA FDI Ready Reckoner Topic wise commentary on 50 topics including LRS IFSC etc along with relevant Rules Case Laws Circulars Master Directions etc 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-08-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides complete and accurate information about all provisions of the Foreign Exchange Management Act 1999 (FEMA). It also includes guidance on practical issues faced by companies and FEMA professionals. This book will be helpful for Companies dealing with foreign exchange, FEMA professionals, Legal and financial advisors, and Students and academicians in financial law. The Present Publication is the 21st Edition & amended up to 30th June 2024. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • [Topic-wise Commentary] The book provides a detailed commentary on over 50 topics, providing in-depth insights and explanations to enhance the reader's understanding • [Comprehensive Analysis] It includes the analysis along with relevant rules, judicial pronouncements, circulars, notifications, and master directions issued by the Reserve Bank of India, ensuring a well-rounded perspective on the subject • [Focused Guides] Special guides on topics such as Liberalised Remittance Scheme (LRS) and Overseas Investment are provided, providing targeted information • [Legal Context] The book also covers laws related to the following: o Prevention of Money Laundering Act (PMLA) o Foreign Contribution (Regulation) Act (FCRA) o Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) The coverage of this book is as follows: • FEMA – Overview o An introductory chapter that sets the stage by explaining the fundamental principles and objectives of FEMA, offering a bird's eye view of the act • Authorised Person o Discusses the roles and responsibilities of authorised persons under FEMA, including their regulatory obligations and operational guidelines • Accounts in India by Person Resident Out of India o Provides detailed procedures and regulations for maintaining accounts in India by non-residents, encompassing various account types and compliance requirements • Accounts of Indian Residents in Foreign Currency o Explains the norms and guidelines for Indian residents holding foreign currency accounts, including the conditions and permissible transactions • Receipt and Payment in Foreign Exchange o Covers the rules and regulations governing the receipt and payment in foreign exchange, detailing the procedural and compliance aspects • Realisation, Repatriation and Surrender of Foreign Exchange o Elaborates on the obligations related to the realisation, repatriation, and surrender of foreign exchange earnings • Money Changing Activities o Provides an overview of money-changing activities, including licensing requirements, operational guidelines, and compliance issues • Money Transfer Service Scheme (MTSS) o Discusses the MTSS, including its regulatory framework, permissible transactions, and operational guidelines. • Possession and Retention of Foreign Currency o Explains the regulations related to the possession and retention of foreign currency by residents and non-residents • Export and Import of Currency or Currency Notes o Details the rules governing the export and import of currency and currency notes, including limits and reporting requirements • Remittances on Current Account o Discusses the permissible current account transactions and the procedural requirements for making remittances • Liberalised Remittance Scheme (LRS) o Provides an in-depth guide on LRS, including eligibility, permissible transactions, limits, and reporting requirements • Export of Goods and Services o Covers the procedural and regulatory aspects of exporting goods and services from India, including documentation and compliance • Import of Goods and Services o Details the regulations governing the import of goods and services, including the procedural requirements and compliance issues • Project Exports and Service Exports o Discusses the regulatory framework for project and service exports, including guidelines and compliance requirements • Foreign Exchange Rates o Provides an overview of the determination and regulation of foreign exchange rates, including the role of the RBI • Overview of Capital Account Transactions o Explains the principles governing capital account transactions under FEMA, including permissible transactions and compliance requirements • Foreign Investment in India o Offers detailed guidelines on foreign investment in India, including regulatory approvals and compliance • FDI in Indian Company o Discusses the procedures and regulations for Foreign Direct Investment (FDI) in Indian companies, including sector-specific guidelines • Sector-wise FDI Policy at a Glance o Provides a summary of FDI policies across various sectors, highlighting key regulations and compliance requirements • FDI – Downstream Investment, i.e. Indirect Investment o Explains the norms for downstream or indirect investment by foreign entities in India • FDI through Rights, Bonus, Sweat Equity or Merger/Amalgamation o Discusses the regulatory framework for FDI through rights issues, bonus issues, sweat equity, and mergers/amalgamations • FDI – Transfer of Securities o Details the procedures and regulations for the transfer of securities involving FDI • FDI in LLP o Provides guidelines for Foreign Direct Investment in Limited Liability Partnerships (LLPs) in India • FDI in GDR/ADR o Discusses the norms for FDI through Global Depository Receipts (GDR) and American Depository Receipts (ADR) • Investment by NRI or OCI o Offers guidelines for investments in India by Non-Resident Indians (NRI) or Overseas Citizens of India (OCI) • FDI in a Startup Company o Discusses the regulatory framework for FDI in Indian startup companies • Investment by Foreign Portfolio Investor o Provides an overview of the regulations governing investments by Foreign Portfolio Investors (FPI) • FDI in Investment Vehicle o Explains the norms for FDI in investment vehicles such as Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) • FDI by FVCI o Discusses the regulatory framework for FDI by Foreign Venture Capital Investors (FVCI) • FDI – Investment in Securities by Funds, Foreign Central Bank, etc. o Provides guidelines for FDI through investments in securities by foreign funds, central banks, and other entities • Overseas Investment by an Indian Entity o Offers a detailed guide on overseas investments by Indian entities, including regulatory approvals and compliance • Guarantees o Discusses the regulatory framework for providing and receiving guarantees under FEMA • Insurance o Explains the norms for foreign investment in the insurance sector in India • Borrowing and Lending in Foreign Currency o Provides guidelines for borrowing and lending in foreign currency under FEMA • Borrowing and Lending in Indian Rupees o Discusses the regulations governing borrowing and lending in Indian Rupees involving foreign entities • Foreign Investment in Debt Instruments o Provides an overview of the norms for foreign investment in debt instruments in India • External Commercial Borrowings o Discusses the regulatory framework for External Commercial Borrowings (ECB), including eligibility and compliance requirements • Trade Credit (TC) and Structured Obligations o Explains the regulations for trade credit and structured obligations under FEMA • Acquisition and Transfer of Immovable Property in India o Provides guidelines for the acquisition and transfer of immovable property in India by non-residents • Acquisition and Transfer of Immovable Property Outside India o Discusses the norms for Indian residents acquiring and transferring immovable property outside India • Remittance of Assets o Explains the procedures for the remittance of assets under FEMA • Branch/LO/Project Office in India by Foreign Entities o Discusses the regulatory framework for setting up and operating branch, liaison, or project offices in India by foreign entities • Indian Depository Receipts o Provides guidelines for the issuance and regulation of Indian Depository Receipts (IDR) • Risk Management and Inter-Bank Dealings o Explains the norms for risk management and inter-bank dealings under FEMA • Vostro Account for International Trading o Discusses the regulatory framework for Vostro accounts used in international trading • Industrial Policy of Government of India o Provides an overview of the industrial policies of the Government of India impacting foreign exchange management • Enforcement of FEMA o Discusses the enforcement mechanisms for ensuring compliance with FEMA • Penalties under FEMA o Provides guidelines on the penalties for contraventions under FEMA • Appeals under FEMA o Explains the procedures for appealing against orders under FEMA • Compounding of Contraventions under FEMA o Discusses the process for compounding contraventions under FEMA • Prevention of Money Laundering Act o Provides an overview of the PMLA and its relevance to FEMA • Foreign Contribution (Regulation) Act (FCRA) o Discusses the regulatory framework for foreign contributions under the FCRA • COFEPOSA, 1974 o Provides guidelines on the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 • International Financial Services Centre (IFSC) o Discusses the regulations governing the IFSC and its role in foreign exchange management

Download or read book Taxmann s Insurance Laws Manual Authentic Compendium on Insurance Laws of India Covering the Insurance IRDA Act 50 Rules Regulations Master Directions etc August 2024 Edition written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-09-02 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive and updated compendium for the legal framework that governs the insurance industry in India. It compiles and presents the texts of the Insurance Regulatory and Development Authority Act, 1999 (IRDA), the Insurance Act, 1938, and over 50 associated rules and regulations essential for the regulation, development, and operational governance of insurance companies, agents, and related entities. The book includes updated and amended versions of legal texts, such as: • Insurance Regulatory and Development Authority Act, 1999, as amended up to date • 50+ Rules/Regulations framed under the IRDA Act • Insurance Act, 1938, as amended up to date, along with: o Applicability of Provisions of the Insurance Act to SEZs/IFSCs o Insurance (Appeal to Securities Appellate Tribunal (Rules), 2016 • Master Directions – Insurance, including FED Master Direction No. 9/2015-16, Dated 1-1-2016 (Updated as of 7th December, 2021) This book helps understand the legal landscape of the insurance sector, providing the regulatory requirements, compliance obligations, and procedural guidelines required for the industry's smooth functioning. The Present Publication is the 26th Edition | August 2024 & amended up to 3rd August 2024. This book is edited by Taxmann's Editorial Board, with the following coverage: • Insurance Regulatory and Development Authority Act, 1999 o Arrangement of Sections o Text of the Insurance Regulatory and Development Authority Act, 1999, as amended up to date o Subject Index • Rules & Regulations Framed under Insurance Regulatory and Development Authority Act, 1999 o Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000 o Insurance Regulatory and Development Authority of India (General Insurance – Re-insurance) Regulations, 2016 o Insurance Regulatory and Development Authority (Meetings) Regulations, 2000 o Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000 o Insurance Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of Chairperson and Other Members) Rules, 2000 o Insurance Regulatory and Development Authority (Conditions of Service of Officers and Other Employees) Regulations, 2000 o Insurance Regulatory and Development Authority of India (Third Party Administrators – Health Services) Regulations, 2016 o Insurance Regulatory and Development Authority (Annual Report – Furnishing of Return, Statements and Other Particulars) Rules, 2000 o Insurance Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2001 o Insurance Regulatory and Development Authority of India (Re-insurance) Regulations, 2018 o Insurance Regulatory and Development Authority of India (Re-insurance) Advisory Committee) Regulations, 2019 o Insurance Regulatory and Development Authority (Licensing of Corporate Agents) Regulations, 2002 o Tariff Advisory Committee (Election of Members, Meetings, Functions and Miscellaneous) Regulations, 2004 o Insurance Regulatory and Development Authority (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010 o Insurance Regulatory and Development Authority (Life Insurance – Re-insurance) Regulations, 2013 o Insurance Regulatory and Development Authority (Sharing of Confidential Information Concerning Domestic or Foreign Entity) Regulations, 2012 o Insurance Regulatory and Development Authority (Licensing of Banks as Insurance Brokers) Regulations, 2013 o Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 o Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018 o Insurance Regulatory and Development Authority of India (Registration of Insurance Marketing Firm) Regulations, 2015 o Indian Insurance Companies (Foreign Investment) Rules, 2015 o Insurance Regulatory and Development Authority of India (Maintenance of Insurance Records) Regulations, 2015 o Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015 o Insurance Regulatory and Development Authority of India (Insurance Services by Common Public Service Centres) Regulations, 2019 o Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) Rules, 2015 o Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015 o Insurance (Procedure for Holding Inquiry by Adjudicating Officer) Rules, 2016 o Insurance Regulatory and Development Authority of India (Appointment of Insurance Agents) Regulations, 2016 o Insurance Ombudsman Rules, 2017 o Insurance Regulatory and Development Authority of India Guidelines on Transitory Provisions under Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017 o Insurance Regulatory and Development Authority of India (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017 o Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019 o Insurance Regulatory and Development Authority of India (Minimum Information Required for Investigation and Inspection) Regulations, 2020 o Insurance Regulatory and Development Authority of India (Expenses of Management, including Commission of Insurers) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Rural, Social Sector and Motor Third Party Obligations) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Bima Sugam – Insurance Electronic Marketplace) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024 o Insurance Regulatory and Development Authority of India (Protection of Policyholders' Interests, Operations and Allied Matters of Insurers) Regulations, 2024 • Insurance Act, 1938 o Arrangement of Sections o Text of the Insurance Act, 1938, as amended up to date o Appendix I: Applicability of provisions of this Act to SEZs/IFSCs o Subject Index o Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016 • Master Directions – Insurance (FED Master Direction No. 9/2015-16, Dated 1-1-2016 (Updated as of 7th December, 2021)

Download or read book Taxmann s Overseas Investment Ready Reckoner Simple exhaustive and practically useful guide on the New OI Regime with compounding orders case studies practical examples written by CA Sudha G. Bhushan and published by Taxmann Publications Private Limited. This book was released on 2023-07-27 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive book on overseas investment outside India by various entities covering all provisions in every possible detail. Every attempt has been made in the book to keep the complex law simple. Pictorial representation, checklist, examples, case studies, and compounding orders issued by the Reserve Bank of India have also been provided for clear understanding. It is a one-stop solution to all the needs of professionals, global investors, institutional investors, CFOs of multinational companies looking to expand globally, and the AD banks dealing with overseas investment for undertaking the transaction and effective implementation, management and execution of overseas investment in India. The Present Publication is the Latest 2023 Edition and has been amended up to June 2023. This book is authored by renowned CA Sudha G. Bhushan with the following noteworthy features: • [Exhaustive Commentary] on all the Sections, Rules, Regulations, Master Directions, etc., as applicable to overseas investment • [Practical Examples] are used in this book to explain every point • [Entity-wise Bifurcation of Various Provisions under Overseas Investment] All provisions with respect to one type of entity, i.e., Residents, IFSC, Companies etc., are discussed in the respective chapters. This makes the book useful for practitioners who are advising their clients. • [Extensive Discussion on Guidelines and Procedures Required for Transaction] have been discussed in detail The structure of the book is as follows: • The book deals with the Foreign Exchange Management (Overseas Investment) Rules, 2022 and Foreign Exchange Management (Overseas Investment) Regulations, 2022, along with Foreign Exchange Management (Overseas Investment) Directions, 2022 [New Regime/Revised Regulatory Framework/New OI Regime] in entirety • It is divided into seventeen chapters and deals with the subject matter of making investments outside India in great detail o Chapters 1 and 2 touch upon the basic framework of the making overseas investment outside of India o Chapter 3 dissects the new definition that has been introduced in the new framework o Chapter 4 deals with grandfathering provisions with regard to erstwhile investments made in the old regulations o Chapter 5 deals in great length with the manner and process of making investments outside India • Chapter 6 deals with Overseas Direct Investment, Overseas Portfolio Investment and Financial Commitment which are at the helm of understanding investment outside India. All the provisions are discussed with examples to make it transaction oriented • To make the provisions more helpful to practitioners, the book discusses the entity-wise manner of making investments outside of India o Chapter 7 deals with overseas investment by Resident Individual o Chapter 8 deals with overseas investment by Trusts/Societies/AD Banks/Depository/Stock Exchanges o Chapter 12 deals with overseas investment by AIFs and Venture Capital Funds • The New OI Regime promotes and enables overseas investment in the financial services sector, including IFSC o Chapter 9 deals with IFSC in detail o Chapter 10 deals with the role and responsibility of AD Banks with regard to overseas investments • Under the erstwhile regime, several conditions were imposed concerning the transfer and disinvestment of overseas direct investments. The same has been done away with the new regime o Chapter 11 deals with the exit from overseas investment in detail o Chapter 13 deals with loans to foreign entities, which has been significantly rationalised • One of the considerable reliefs provided in the New OI regime is the extension of the facility of Late Submission Fees (LSF) to the reporting non-compliances of overseas investment o LSF has been dealt with in detail in Chapter 14 o Chapter 15 discusses every possible aspect of compounding • The Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015 have also been repealed and have been subsumed in the New OI Regime o The provisions with regard to the acquisition and transfer of immovable property outside India under the new regime have been discussed in Chapter 16 • Chapter 17 deals with the reporting requirements for overseas investment. • Chapter 18 presents the intricacies of TCS provisions on remittances under the liberalised remittance scheme in a simplified manner • Chapter 19 presents the reporting requirements for overseas investments The detailed contents of the book are as follows: • Introduction • New Overseas Investment Regime • New Definitions Introduced • Erstwhile Investments • Framework of New Overseas Investment Regime • Overseas Investment • Investment by Resident Individuals • Overseas Investment by Trusts/Societies/AD Banks/Depository/Stock Exchanges, etc. • Investment in IFSC • Role and Responsibility of AD Banks • Exit from Overseas Investment • Overseas Investment by AIFs and Venture Capital Funds • Loan to Foreign Entities • Late Submission Fees (LSF) • Compounding under FEMA • Acquisition of Immovable Property Outside India • Cross Border Transaction with Regard to Virtual Currencies • TCS on Remittances under Liberalised Remittance Scheme • Reporting of Overseas Investments

Download or read book Taxmann s Management of Banks Text Cases Balance of theory practice providing 360 analysis of the Indian banking system its products services along with case studies written by Prof. (Dr.) Deepak Tandon and published by Taxmann Publications Private Limited. This book was released on 2022-07-11 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book on Management of Banks that comprehensively covers the entire gamut of opportunities & challenges faced in Indian banking with particular emphasis on the following: • Credit Management • Non-performing Asset (NPA) Management • Insolvency & Bankruptcy Code (IBC) This book will be helpful for academia, researchers, PGDM/MBA, and other professional students. It can also be considered as a textbook in elective/core courses on the subject of banking. The Present Publication is the 4th Edition, authored by Prof. (Dr) Deepak Tandon & Prof (Dr) Neelam Tandon. The noteworthy features of this book are as follows: • [Comprehensive Guidance] on topics such as: o Overview of the Indian banking system o Negotiable Instruments Act 1881 o Bank financial statements and profitability o CRM & retail banking o Payments systems in banks o Risk management o NPA & IBC provisions o International banking/treasury management • [Case Studies] are included in this book to explain the concepts of banking • [Complex Concepts in Indian Banking] are explained with caselets/application-based solutions • [Examples to Analyze Practical Aspects] are included in the book for topics such as international banking, treasury management, NPA management, etc. The detailed contents of the book are as follows: • Overview of the Indian Banking System • Challenges and Opportunities faced by the Indian Banking System • Negotiable Instruments Act 1881 • Bank Financial Statements and Asset Liability Management • Profitability of Commercial Banks • Customer Relationship Management (CRM) in Banks • Retail Banking • Technology and Hi-Tech Banking E-Payments • Risk management in Banks • Non-Performing Asset Management for better Banking • International Banking • Appendices o Case Studies in Banking

Download or read book Taxmann s Analysis Unlocking Global Opportunities Indian Companies Embrace Direct Listing on GIFT IFSC International Exchanges written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-01-27 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ministry of Corporate Affairs (MCA) has recently implemented regulations enabling all public companies, whether listed or unlisted, to issue securities for listing on international stock exchanges. In conjunction with the latest amendment to the Foreign Exchange Management Act (FEMA), this development is designed to draw in foreign investors, enhance market confidence, and facilitate global participation and economic expansion. This article provides an in-depth examination of the Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, alongside the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024.

Download or read book NISM X Taxmann s Alternative Investment Funds Managers Foundation knowledge of the AIF ecosystem in India with insights on fund management regulatory taxation frameworks best practices etc written by NISM (An Educational Initiative of SEBI) and published by Taxmann Publications Private Limited. This book was released on 2024-03-28 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive guide discusses the intricacies of Alternative Investment Funds (AIFs) in India, offering: • Foundational understanding of the investment landscape • Alternative asset classes • Role and functions of key stakeholders within the AIF ecosystem The key learning outcomes of the book are as follows: • Equip readers with a basic understanding of the diverse investment landscape and the nuances of alternative asset classes • Foster a deep comprehension of the key theories underpinning investment decisions and fund management • Enable thorough knowledge of managing AIFs, focusing on product suitability, ecosystem roles, fund governance, and strategic investment approaches • Enable the readers to understand the complex regulatory and taxation landscape affecting AIFs in India, promoting best practices in fund management and compliance This book is designed for AIF Managers, investment team members, finance professionals, and anyone interested in deepening their understanding of alternative investment funds management in India. The Present Publication is the December 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination XIX-C | Alternative Investment Funds Managers, with the following noteworthy features: • [Foundation of Investment] Introduces the investment landscape, distinguishing between traditional and alternative investments, and elucidates the basics of portfolio theory • [AIF in India] Offers an in-depth analysis of AIFs in India, including their evolution, regulatory environment, and the suitability of various AIF products for portfolio diversification • [Fund Management] Discusses the critical role of investment managers and their teams in fund management duties, emphasising governance, conflict of interest management, and the importance of a robust governance structure • [Valuation and Performance] Explains valuation techniques, investment strategies, and the process of performance evaluation, including benchmarking policies • [Regulatory and Taxation Aspects] Covers the essential regulatory framework and taxation aspects relevant to AIFs in India, ensuring compliance and understanding of legal obligations The detailed contents of the book are as follows: • Investment Landscape o Introduction to various investment types and their distinctions from speculation o Discussion on investment objectives and the process of estimating the required rate of return • Types of Investments o Comparison between traditional and alternative investments, including their types and roles in portfolio management o Examination of the channels for making investments and the historical growth of alternative investments • Concept of Informational Efficiency o Exploration of informational versus operational efficiency, efficient capital markets, and the Random Walk Theory o Analysis of the Efficient Market Hypotheses (EMH), market anomalies, and their implications on valuation and portfolio management • Introduction to Modern Portfolio Theory o Detailed framework for constructing portfolios, assumptions of the theory, and the definition of investor risk profiles o Discussion on expected rates of return, variance, portfolio optimisation, and the Efficient Frontier • Introduction to Capital Market Theory o Overview of Capital Market Theory, its assumptions, the Capital Market Line, and the diversification of risk o Insights into CAPM, empirical tests, and multi-factor models of risk and return • Alternative Investment Funds in India and its Suitability o Detailed analysis of the evolution, growth, and current market of AIFs in India o Comparison of AIFs with traditional investments and their role in portfolio diversification and risk management • Alternative Investment Fund Ecosystem o Comprehensive understanding of the concepts prevalent in the AIF industry • Alternative Investment Fund Structuring o Insights into the principle of 'Pooling', buy-out transactions, AIF constitution, and common fund structures • Fee Structure and Fund Performance o Examination of management fees, hurdle rate, high-water mark, types of risks, risk measures, and return measures in AIFs • Indices and Benchmarking o Detailed exploration of indices, their uses, methodologies, and performance benchmarking • Investment Strategies, Investment Process and Governance of Funds o Insight into investment strategies, deal sourcing, investor due diligence, and governance structures in AIFs • Funds Due Diligence | Investor Perspective o Comprehensive guide to fund due diligence, manager evaluation, and selection from an investor's perspective • Legal Documentation and Negotiations o Overview of essential legal documents and negotiations in the AIF landscape • Valuation o Detailed discussion on valuation basics, approaches, and techniques for AIF portfolio investments • Fund Monitoring, Reporting and Exit o Insights into the regulatory framework for fund monitoring, reporting, exit options, and liquidation schemes • Taxation o Detailed examination of taxation related to AIFs, including surcharge rates, GAAR, and other applicable taxes • Regulatory Framework o Comprehensive overview of the regulatory framework governing AIFs, including SEBI regulations and other related laws

Download or read book Taxmann s Handbook on Taxation of Partnership Firms LLPs FAQs The one of a kind book covering 360 FAQs exhaustively dealing with Section 9B 45 4 of the Income tax Act along with Case Studies written by Adv. Shashi Ashok Bekal and published by Taxmann Publications Private Limited. This book was released on 2021-12-31 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique/one-of-a-kind book covers 360 frequently asked questions (FAQs) on the contentious subject of Taxation of Partnership Firms & Limited Liability Partnerships. It is the only publication in the country that exhaustively deals with the new provisions of Section 9B and Section 45(4) of the Income-tax Act, 1961 & General Law. This book will serve as a helpful reference and guide for Lawyers, Chartered Accountants, Tax Practitioners, Taxpayers, and the Officers of the Tax Department. The Present Publication is the 2022 Edition, edited by Dr K. Shivaram & authored by Adv. Shashi Ashok Bekal, with the following noteworthy features: • [360 Frequently Asked Questions] on taxation of Partnership Firms & Limited Liability Partnerships • [Exhaustive Coverage] The book is divided into 24 Chapters viz: o Admission of a Partner o Dissolution of a Partnership Firm o Reconstitution of a Partnership Firm, etc. • [Case Study] To provide clarity on Section 9B and Section 45(4), the following case studies are included in this book: o Application of Section 45(4) of the Income-tax Act o Application of Section 9B & Section 45(4) of the Income-tax Act o Computation of Capital Gain tax under Section 45(4) of the Income-tax Act; Attribution of Profits under Section 45(4) • [Implication of Other Laws] vis-à-vis Partnership Firms & Limited Liability Partnerships: o Stamp duty o Goods & Services Tax (GST) o Foreign Exchange Management Act (FEMA) o Labour Laws Reviewed by the following Eminent Personalities • Hon’ble Justice Rajesh Bindal | Chief Justice – Allahabad High Court “… It is an effort to make complex issues of taxation easier. This publication is in FAQ Format and aims at addressing not only the ambiguities arising from the amendments vide the Finance Act, 2021 vis-à-vis Partnership Firms, LLPs, etc. but will prove to be a tool for tax consultants, tax administrators, taxpayers and all others concerned with the subject…” • Hon’ble Justice R.K. Agarwal | Former Judge – Supreme Court of India & President | NCDRC “… The book contains detailed information in FAQ format with respect to various provisions of the Partnership firm. I appreciate the pain taken by the Authors to do a lot of hard work and research before writing such a useful Handbook…” The contents of the book are as follows: • General • Operational Issues • Issues on Residency • Compliances • Registration and Inception of a Partnership Firm/Limited Liability Partnership • Section 9B of the Income-tax Act, 1961 • Section 45(4) of the Income-tax Act, 1961 • The interplay between section 9B & section 45(4) of the Income-tax Act, 1961 • Admission of a Partner • Retirement of a Partner • Expulsion, Death and Insolvency of a Partner • Reconstitution of a Partnership Firm • Dissolution of a Partnership Firm • Conversion of a Partnership Firm • Set-off and Carry Forward of Losses • Gift Implications • Liability and Prosecution • Stamp Duty Implications • Goods & Services Tax (GST) Implications • Labour Law Implications • Association of Persons and Body of Individuals • Miscellaneous • Specimens • Case Studies

Download or read book Taxmann s Corporate Economic Laws Paper 4 Law Most updated amended book in simple language covering the subject matter section wise in tabular format CA Final May Nov 2023 Exams written by Pankaj Garg and published by Taxmann Publication Private Limited . This book was released on 2022-12-26 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI under the New Scheme of Education and Training. The Present Publication is the 10th Edition & updated till 31st October 2022 for CA-Final | New Syllabus | May/Nov. 2023 Exams. This book is authored by Pankaj Garg, with the following noteworthy features: • [Simple & Concise Language] for easy understanding • [Tabular Presentation] of the subject matter, enabling students to cover the topic(s) quickly • [Arrangement of Content] Contents are arranged Section-wise, with a Sub-heading for each Sub-section • [Table of Sections along with corresponding Rules] to help the students find the Sections covered in the chapter & also enable them to find the corresponding Rules with ease • Coverage of this book includes: o All Past Exam Questions at the end of every topic/chapter, including: § CA Final Nov. 2022 (Part II – Descriptive Question) – Suggested Answers o Questions from RTPs and MTPs of ICAI o Self-Practice 'Practical Illustrations' from Past Exams, RTPs & MTPs are given at the end of every topic with Hints • [600+ Question/Case Studies] with Hints are provided for self-practice o Detailed answers are provided in the 10th Edition of Taxmann's CRACKER cum Exam Guide for Corporate & Economic Laws for CA-Final | New Syllabus • [Chapter-wise Marks Distribution] which includes a summary of attempt-wise questions asked in the exams to identify the examination weightage of the chapters are given in this book from May 2018 onwards • [Most Updated & Amended] This book is updated & amended with all the recent amendments in the following laws: o Company Law o Securities Laws o Economic Laws • [Student-Oriented Book] The authors have developed this book keeping in mind the following factors: o Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations o Shaped by the author's experience of teaching the subject matter at different levels o Reaction and responses of students have also been incorporated at different places in the book The contents of this book are as follows: • Part I – Corporate Laws | Section A – Company Law o Appointment and Qualifications of Directors o Meeting of the Board and its Powers o Appointment and Remuneration of Managerial Personnel o Inspection, Inquiry and Investigation o Compromises, Arrangements and Amalgamations o Prevention of Oppression & Mismanagement o Winding Up o Companies Incorporated Outside India o Miscellaneous Provisions o Adjudication and Special Courts o National Company Law Tribunal and Appellate Tribunal o Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes & Reports • Part I – Corporate Laws | Section B – Securities Laws o Securities Contracts (Regulation) Act, 1956 and SCR Rules, 1957 [Deleted from Syllabus] o Securities and Exchange Board of India Act, 1992 & SEBI (LODR) Regulations, 2015 • Part II – Economic Laws o Foreign Exchange Management Act, 1999 o Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act, 2002) [Deleted from Syllabus] o Prevention of Money Laundering Act, 2002 o Foreign Contribution (Regulation) Act, 2010 o Arbitration and Conciliation Act, 1996 o Insolvency and Bankruptcy Code, 2016

Download or read book Taxmann s Taxation of Expatriate Employees Regulatory Aspects Comprehensive Commentary along with Case Studies on Cross Border Movement of Employees As Amended by the Finance Act 2021 written by CA Ashish Karundia and published by Taxmann Publications Private Limited. This book was released on 2021-05-14 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive commentary to understand & comply with the taxation and regulatory aspect of the cross-border movement of employees, that results in secondment. As with any cross-border arrangement, multiple complex laws are involved, this book serves as a primer to understand these complexities and related compliances. The discussion in this book starts with determining who is the employer of the expatriate, which is important to identify the correct laws to be complied with. This book aims at providing the reader, an insight into implications that typically arise in secondment arrangement(s), under various Indian laws in the hands of the expatriate & company, such as: • Expatriate 𝚘 Immigration Laws 𝚘 Personal Income Tax 𝚘 Custom Baggage Rules • Company 𝚘 Social Security Laws 𝚘 Exchange Control Laws 𝚘 Corporate Income Tax 𝚘 Transfer Pricing 𝚘 Goods & Services Tax 𝚘 Corporate Law The Present Publication is the 2nd Edition, authored by Ashish Karundia, with the following noteworthy features: • [Explains Situs of Accrual of Salary], i.e. place of enforcement of employment contract or place of the rendering of services • [Social Security Deduction] Discusses taxability as well as deductibility of contribution to overseas social security contribution in the hands of the employee • [Disputed Salary Ingredients] Captures detailed analysis of disputed salary ingredients such as: 𝚘 Per-Diem/Per-Day Allowance 𝚘 Tax Equalization 𝚘 Hypothetical Tax 𝚘 Employee Stock Option Plan(s) • [Short Stay Exemption] Explains the conditions for short stay exemption and related issues • [Employment Visa vs. Business Visa] Points out the difference between employment visa and business visa • Explains various clauses such as detachment, exportability and totalization of social security agreements • [Meaning of Resident] Lucidly explains the difference between ‘resident’ as per income-tax and ‘resident’ as per FEMA • [Deemed International Transactions] Explains whether secondment agreement will qualify as deemed international transaction or not • [Case Laws] for deciding the employer employee relationship. • Explains situations when fixed establishment (GST) of the foreign entity is triggered The detailed contents of the book are as follows: • Introduction 𝚘 Overview 𝚘 Employer-Employee Relationship • Implications in the Hands of Employee 𝚘 Immigration Laws 𝚘 Personal Income Tax 𝚘 Custom Baggage Rules • Implications in the Hands of Company 𝚘 Social Security Laws 𝚘 Exchange Control Laws 𝚘 Corporate Income Tax 𝚘 Transfer Pricing 𝚘 Goods and Services Tax 𝚘 Corporate Law

Download or read book Reporting Compliances under Indian Foreign Exchange Laws FEMA Allied Laws written by Sudhir Kochhar and published by Bloomsbury Publishing. This book was released on 2021-09-30 with total page 1360 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the Book This book specifically deals with foreign exchange matters. It presents complex concepts of foreign exchange laws in a concise manner. The book is drafted keeping in mind the needs of banking professionals preparing for Certificate Course in Foreign Exchange (“CCFE”) and Certificate in Trade and Finance (“CITF”) conducted by the Indian Institute of Banking and Finance (“IIBF”) and Chartered Accountants and Company Secretaries. Key highlights Comprehensive coverage of the following key fundamentals of foreign exchange operations: – Provisions of FEMA & FCRA. – Basic concept of Letter of Credit and other documents used in Export & Import. – FEDAI Rules. – Fundamentals in Exchange Rate and its mechanism in India. – Capital Account transactions – ECB, FDI, ODI and LO/BO/PO. – Forward Contracts. – Non-Residents. – LRS & Miscellaneous Remittances. – Foreign Currency Accounts. – Export Finance – PCFC. – Merchanting Trade. Various concepts are explained using diagrams and tables. Section wise explanation of various provisions of FEMA and allied law. 200+ CCFE examination oriented MCQs for practice. Model Question Papers covering 300+ MCQs for CCFE examination. 250+ FAQs addressing various FEMA issues. URL providing further Model Questions, FEMA Regulations, Master Directions and selected important AP DIR circulars.

Download or read book Advice and Dissent written by Y.V. Reddy and published by Harper Collins. This book was released on 2017-06-27 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Few people know more about India's financial system than Dr Y.V. Reddy. And even fewer have the authority that he commands.' - Raghuram Rajan, former RBI governor 'If America had a central bank chief like Y.V. Reddy, the US economy would not have been in such a mess.' - Joseph Stiglitz, economist and Columbia University professor 'One among the brightest intellectuals living in India today...the most eminent central banker of the last decade across the world.' - P. Chidambaram, former Union finance minister 'How did India manage to beat the odds? [It was] largely the result of the sound management and foresight of one man: Yaga Venugopal Reddy.' - Arvind Panagariya, vice-chairman of the Niti Aayog 'I have high regard for him for two reasons. First, his complete integrity. There are very few civil servants like him who are not self-centered. He does not want to please any bureaucrat or minister. Second, his devotion to work. Intellectually, he is very open.' - Bimal Jalan, former RBI governor 'Unlike Alan Greenspan, who didn't believe it was his job to even point out bubbles, much less try to deflate them, Mr Reddy saw his job as making sure Indian banks did not get too caught up in the bubble mentality.' - Joe Nocera, American journalist and author 'Dr Reddy is of a generation that believed public service was the highest calling.' - Karina Robinson, editor, The Banker magazine A journalist once asked Y.V. Reddy, 'Governor, how independent is the RBI?''I am very independent,' Reddy replied. 'The RBI has full autonomy. I have the permission of my finance minister to tell you that.'Reddy may have put it lightly but it is a theme he deals with at length in Advice and Dissent. Spanning a long career in public service which began with his joining the IAS in 1964, he writes about decision making at several levels. In his dealings, he was firm, unafraid to speak his mind, but avoided open discord.In a book that appeals to the lay reader and the finance specialist alike, Reddy gives an account of the debate and thinking behind some landmark events, and some remarkable initiatives of his own, whose benefits reached the man on the street. Reading between the lines, one recognizes controversies on key policy decisions which reverberate even now.This book provides a ringside view of the licence permit raj, drought, bonded labour, draconian forex controls, the balance of payments crisis, liberalisation, high finance, and the emergence of India as a key player in the global economy. He also shares his experience of working closely with some of the architects of India's economic change: Manmohan Singh, Bimal Jalan, C. Rangarajan, Yashwant Sinha, Jaswant Singh and P. Chidambaram. He also worked closely with extraordinary leaders like N.T. Rama Rao, as described in a memorable chapter.As governor of the RBI from 2003 to 2008 he presided over a period of high growth, low inflation, a stable rupee and ample foreign exchange reserves -- a far cry from the 1991 crisis he lived through and describes in vivid detail, when the country had to mortgage its gold to meet its debt obligations. He is credited with saving the Indian banking system from the sub-prime and liquidity crisis of 2008 that erupted shortly after his term at RBI ended.Dr Reddy provides insight into post-crisis reflection undertaken by several global institutions on the international monetary system and financial architecture. In addition, he describes the development of the Fourteenth Finance Commission report, which he chaired, and is considered a game changer.Leavened with his irrepressible sense of humour, Advice and Dissent is a warm, engaging account of a life that moves easily from his career in the districts as a young IAS officer to the higher echelons of policy making, in a trajectory that follows change in the country itself.

Download or read book Taxmann s Corporate Laws POCKET PAPERBACK Authentic Comprehensive Book Covering Amended Updated Annotated Text of India s 10 Corporate Laws incl Companies Act LLP FEMA etc 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-25 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the most authentic and comprehensive resource on over 10 of India's key corporate laws, presented in a convenient pocket-sized paperback format. It is an invaluable tool for legal professionals, corporate entities, academicians, and students specializing in corporate law. The Present Publication is the 50th Edition & updated upto 10th June 2024. It is edited by Taxmann's Editorial Board, and it covers the following Laws: • Annotated text of the Companies Act, 2013 [as amended upto date]. Annotations under each Section shows the following: o Relevant Rules framed under the relevant Section o Reference to relevant Forms prescribed o Exemptions available to Private Companies, Government Companies, Nidhis, Charitable Companies, Unlisted Public Company, and Private Companies operating from IFSCs located in SEZ o Exemptions available to Financial Products/Services/Institutions in IFSCs o Gist of relevant Circulars & Notifications o Date of enforcement of provisions o Corresponding provisions under the 1956 Act o Words and phrases judicially noticed o Allied Laws referred to in the provision o Relevant provisions of SEBI Rules/SS-1 to SS-4/Listing Obligations/Table F of Schedule I • Securities Contracts (Regulation) Act, 1956 [as amended by the Finance Act 2023] • Limited Liability Partnership Act, 2008 [as amended up to date] • Emblems and Names (Prevention of Improper Use) Act, 1950 [as amended up to date] • Foreign Exchange Management Act, 1999 [as amended up to date] • Foreign Contribution (Regulation) Act, 2010 [as amended up to date] • Depositories Act, 1996 [as amended up to date] • Insolvency and Bankruptcy Code, 2016 [as amended up to date] with the following: o Provisions of other Acts referred to in the Insolvency and Bankruptcy Code • Competition Act, 2002 [as amended by the Competition (Amendment) Act 2023] • Securities and Exchange Board of India (SEBI) Act, 1992 [as amended up to date] • Right to Information Act, 2005 [as amended up to date]