January 8, 2024
Early-stage start-ups face two problems when it comes to raising funds. They cannot approach banks because they do not possess collateral for a loan, and the interest rates are higher. Second, if they get an angel investor, a PE, or a
December 10, 2023
What is a Slump Sale: As per section 2(42C) of Income -tax Act 1961, ‘slump sale’ means the transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to the individual assets and
November 6, 2023
India just got its 100th Unicorn and is only behind the US and China in terms of the number of Unicorns. One of the most important factors behind these success stories is the understanding and teamwork between the co-founders of these
September 4, 2023
RBI recently banned RBI Payments Bank from acquiring new customers. In its notification, the RBI asked the Payments Bank to conduct a Comprehensive Systems Audit of its IT system. The reason given for the action was not specified and the notification simply
July 13, 2023
One of the major challenges of startups is recruiting and retaining quality talent. Without cash flows to pay handsome salaries and perks to this much-sought after talent, startups rely on Employee Stock-Options popularly known as ESOPs or sweat equity. But what
June 20, 2023
In the previous article, we looked at the difference between ESOPs and Sweat Equity. In this article, we take a look at how ESOPs and Sweat Equity is taxed. Taxation of ESOPs ESOPs are taxed on two occasions, firstly when the employee
April 18, 2023
Introduction Procuring certain goods and services from vendors is essential for running a successful business. These can be internet services, raw materials, delivery services, office supplies, transportation services, technology services or any other required services or goods. Due to the importance
March 23, 2023
India has over the years introduced several legislations in the precinct of labour protection and upholding their interests but has seen very few amendments to keep them updated with the times. Hence an overhaul of all existing labour laws to bring
February 13, 2023
Several compliances must be followed by Limited Liability Partnership (L.L.P.) companies once the business has been incorporated. The timely fulfilment of compliances is a requirement for running a successful business. The mandatory tax compliances for a limited liability partnership company are
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