"AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP"

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Foreign Liabilities and Assets Return (FLA): A Manual for Indian entities

Foreign Liabilities and Assets Return (FLA): A Manual for Indian entities.

In India’s financial landscape, compliance with regulatory frameworks is crucial for smooth business operations, especially for foreign investments. The Reserve Bank of India (RBI), which looks after the country’s money matters, has made it mandatory for Indian entities to report their outstanding Foreign Direct Investment (FDI) and Overseas direct investments (ODI) through the filing of

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The more you give employment – The more you gain – Section 80JJAA

The more you give employment – The more you gain – Section 80JJAA

Backdrop To foster employment in India, the Hon’ble Government of India has introduced section 80JJAA of the Income-tax Act, 1961 (‘the Act’). The provision has been mainly introduced to encourage employment through deductions for hirers. Hence, the section shall incentivize both job seekers and job creators. From the income-tax front, the section has been subjected

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Beyond Borders: Key FDI Initiatives in India

Beyond Borders: Key FDI Initiatives in India

Foreign Direct Investment (FDI) in India has been an instrumental in shaping the Nation’s economic landscape. As per the Department for Promotion of Industry and Internal Trade (DPIIT), India’s influx of FDI has increased 20 times in the past 23 years. Ashwini Vaishnaw, India’s former IT minister said that the nation is eyeing $100 billion

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msme-udyam-registration-in-india

MSME Udyam Registration in India- Benefits: Process: Documents

Micro, Small, and Medium Enterprises (MSMEs) are crucial in the Indian economy. After agriculture, they are the most significant employment providers in India. In terms of Employment generation, exports, and Gross Domestic Product (GDP), they contribute significantly to the Indian Economy. In January 2024, during a speech at the World Economic Forum in Davos, RBI

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nder-reporting of income and Misreporting of income

Under-reporting of income and Misreporting of income

Taxes are a crucial part of the Indian financial system as they contribute significantly to the government’s revenue sources. To keep things fair, the Income Tax Act 1961 has a superb provision – Section 270A; let’s break it down and understand how it works to keep our tax system fair and honest. Suppose you have

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