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Board of Directors Meet via Video Conferencing
Board Meetings
CA. Kavit Vijay

Board of Directors Meet via Video Conferencing

Corporates are using the technology of video conferencing for conducting its board meetings and coming out with more collective and objective decision-making with wider participation of directors. The benefits of participation by video-conferencing are cost savings, more productivity, time-saving in terms of reaching the venue of meeting, particularly when the concerned director(s) is/are located in another city or even another country, etc.

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UNION BUDGET ANALYSIS| FINANCE ACT 2022| INCOME TAX & GST
Finance Budget
CA. Kavit Vijay

UNION BUDGET ANALYSIS| FINANCE ACT 2022| INCOME TAX & GST

Union budget was presented by Hon’ble Finance Minister on 1st Feb 2022 in Parliament wherein various amendments are proposed under Income Tax Act and few changes are also proposed under Goods and Service Tax Act.
In this article, you will get a detailed analysis of amendments proposed by the Finance Act, 2022 in Income Tax and Goods and Service tax.

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Transfer Pricing: Transactional Net Margin Method
TP
CA. Kavit Vijay

Transfer Pricing: Transactional Net Margin Method

To simplify the process, various methods are provided under Income Tax Act for computation of Arm’s Length Price (“ALP”) and the Transactional Net Margin Method (“TNMM”) is one of such methods. This article will offer you a brief insight into what the Transactional Net Margin Method is, what is its applicability, what are the Indian regulations for it when to use it, and what are its strengths and weaknesses. 

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Transfer Pricing: Cost Plus Method
TP
CA. Kavit Vijay

Transfer Pricing: Cost Plus Method

Under the Cost Plus Method, Arm Length Price is determined by adding profit markup to the direct and indirect cost of production incurred with respect to goods transferred or service provided. Manner of computation of ALP under Cost Plus Method is given under Rule 10B(c) of Income Tax Rules.

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Related Party Transaction | Interplay between GST and Transfer Pricing
Transfer Pricing
CA. Kavit Vijay

Related Party Transaction | Interplay between GST and Transfer Pricing

According to tax experts’ assessments of the GST implementation, the old issue of transfer pricing has the potential to shake the system in the future. The goods and services tax (GST) was implemented with the goal of creating “one nation, one tax,” and it is the country’s largest indirect tax reform in history. 

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