With globalisation, it has become a universal phenomenon for Multinational Organisations to have branches, subsidiaries or divisions in more than one country. This exposes the group to different tax regimes in different tax jurisdictions. Thus, managing the taxes and complying with regulations becomes a challenging task, except some organisations use this as an opportunity to […]
Equalisation levy is an unilateral measure to tax some digital activities. It was introduced in Finance Act 2016 with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. To tackle taxation issues in transaction conducted in cyber space, equalisation levy has been introduced. The equalisation levy has […]
Imagine a business world without documentation – no invoice for purchases, no statements from banks, no agreements, no records,in short, a complete mess? There are television series which depict such situations and even the directors couldn’t imagine a less horrifying world. Trade and commerce thrive on documentation and records. No record means no evidence, and […]
Business transactions have grown complex over the year. It takes a split second to pay for something online, however, we barely realize how many companies have actually participated in that single transaction. Let’s say you purchase a mobile phone online using your credit card. So, the two obvious parties involved here are you – the […]
John is an insurance agent. In a bid to increase his sales, he approached his friend Peter who was a Doctor and asked him to introduce John to Mr Black, a rich businessperson who happened to take routine services from Peter. Peter agreed and did a great job at mentioning a good word which landed […]
One of the exciting events in a track and field sports is a relay race. Members of a team one after the other complete a part of the racecourse and pass a baton to the other team member. The other team members do the same until the baton reaches the ultimate team member who races […]
Over the past few years, India has been aggressively amending its laws, regulations, and procedures to simplify doing business in India. This is quite evident from the fact that India jumped from 142to 77th rank in just 4 years. For businesses to prosper and the country to flourish, the businesses are a key stakeholder and […]
When an expenditure is incurred on behalf of a group, we often split the bill equally. However, if certain services are availed only by a category of people, it would be unfair to charge a share of total expenditure on their tab. For example, on a trip, some people may have opted for an optional […]
When it comes to taking important decisions, we humans, knowingly or unknowingly, often tend to look into our neighbourhood for past examples of how people have handled similar situations before. It’s simple and straight forward – if someone else has already done similar work, let’s just refer the same to meet our purposes and save […]
When we imagine big corporates, handshakes are one of the prominent flashes in our mind. We are often reminded that a good handshake is key to a good meeting. So, what’s a good handshake? As experts list the rules – “Approach the person from his line of sight, look straight in the eye, keep a […]
