Entries by GreenVissage

Decriminalizing Cheque Bounce – Removing Hurdle Or Adding New?

The Announcement Ministry of Finance has announced that it intends to decriminalize a list of 39 minor offences relating to 19 different laws which are not serious in nature, however, the punishment is punitive. Their rationale is, if we stop criminalizing some small offences, it could improve significantly improve ease of doing business in India […]

All you need to know about Advance Pricing Agreements

There’s never really a phase in life where we aren’t awaiting some sort of results. We give some sort of test and await results while someone else is assessing our performance. It’s anerve-racking phase where we travel the world of possibilities with too many questions on mind, and absolutely no  answers, only likelihoods.This happens because […]

How to finance your business setup in India?

People wonder how entrepreneurs discover amazing ideas and start new ventures they couldn’t even think of. Did this question cross your mind too? Let me spill the beans – the ideas are right in front of you, it’s just that your perception restricted your vision. We all face problems in life, what makes entrepreneurs different […]

Transfer Pricing Reporting Requirements in India

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 […]

Background of Equalisation Levy

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 […]

Complete Guide to Transfer Pricing Documentation in India

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 […]