1.Back Ground Facts: XYZ of India Limited (hereinafter referred as “Querist”) is a company registered under the provisions of Companies Act 2013 vide registration no 56365365xxxxx(CIN No. **************************) with its registered office at Gurgaon, Haryana, 1220xx. It was incorporated on 28/12/2020 and has started functioning w.e.f. 01.04.2021 Being designated as Central Transmission Utility, the Querist’s …
Overview The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank …
What is digital transformation? Digital transformation is tough to define because it looks so very different for every industry. Yet, in general terms, it is explained as incorporating digital technology into all business areas. The result is a fundamental change in how businesses function and interact with customers. It is a radical rethinking of how …
1.Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. XYZ transmits about 50% of the total power generated in India on its transmission network. ABCD Private vide its IOM has issued instruction to its finance team to recover …
1. Back Ground Facts: The applicant is a company registered under the companies act 1956 vide registration no 028687 (CIN No. U40101UP2004SGC028687) with its registered office at Vidyut Shakti Bhawan, 14A Ashok Marg Lucknow UP. It was established on 31st May 2004 by Government of Uttar Pradesh. Under the provision of the Electricity Act, 2003, …
Legal Opinion 1. Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD private limited” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network. Being Govt.Company, it is subjected to Propriety Audit conducted …
Tax Treatment of Licence Fee/HRR Recovery on Company Leased Accommodation Read More »
1.Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. XYZ transmits about 50% of the total XYZ generated in India on its transmission network. A. ABCD has following JVs: – SNo. Name Equity Partners Purpose 1 XYZ Limited …
APPLICABILITY OF SECTION 286 OF THE INCOME TAX ACT 1961 ON XYZ CORPORATION Read More »
Multi-national enterprises (MNEs) do make monthly provision for variousexpenses in their ERP system at the end of each month. This might be anearer approximation of the expenditure to be incurred. It is a method ofgenerating a debit entry in the accounting system for an expenditure relatingto, say, engineering, R&D, logistics, legal & professional charges oradministrative …
Month-end Provisions and Reversal – Is TDS called for? Read More »
1.Back Ground XYZ Corporation of India Limited (hereinafter referred as “ABC”) has joint venture in XYZ Transmission Company Nepal Limited (hereinafter referred as “XYZ”). ABC holds 26% of equity shares of XYZ. During the financial year 2017-18, XYZ has declared 22.5% dividend on 10th January 2018 which is expected to be received in May 2018. …
