InCorp Global 
Prozeal Infra, one of India’s fastest growing Solar EPC companies, has an orderbook of over INR 1,000 crore ($120 Million), and expects FY25 revenue to surpass INR 1,500 crore ($187.5 Million) 04th April 2023, Ahmedabad (India): Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri’s family office arm – […]
The Central Board of Direct Taxes (CBDT) vide notification no 61/2023/F. No. 370142/28/2023-TPL dated August 16, 2021, has notified Rule 11UACA of Income-tax Rules 1962 (the Rules) for computation of Income chargeable under Income from Other Sources per section 56(2)(xiii) of the Income-tax Act 1961 (the Act). Background Finance Act 2023 inserted section 56(2)(xiii) of […]
The Reverse Charge Mechanism (RCM) is a system of taxation where the liability to pay tax is shifted from the supplier of goods or services to the recipient of such goods or services. In a regular taxation system, the supplier is responsible for collecting and remitting the tax to the government. However, under RCM, the […]
With the rise of globalization and the growing importance of international finance, setting up a business in a well-established and business-friendly environment has become crucial. The Gujarat International Finance Tec-City (GIFT City), located in Gujarat, India, has emerged as a prime destination for businesses looking to tap into the country’s financial markets. In order to […]
The Government of India (GoI) had launched India’s first International Financial Service Centre (IFSC) in Gujarat at GIFT City in April 2015. With the launch of the IFSC at GIFT City, the GoI had taken the first step to bring financial services transactions which are relatable to India, back to India. International Financial Services Centre […]
Leasehold rights on land play a crucial role in various real estate transactions and business operations. Many units are set up on leasehold land provided by state industrial development corporation. What Is Assignment Of Leasehold Rights? The assignment of leasehold rights on land refers to the transfer of the leasehold interest or rights from one […]
Insurance intermediaries, including agents, brokers, and other entities, facilitate the insurance process between insurers and customers. In GIFT City IFSC (International Financial Services Centre), these intermediaries are regulated by the International Financial Services Centre Authorities (IFSCA) and adhere to stringent guidelines to ensure customer transparency, safety, and security. This article will delve into the significance […]
Mergers and amalgamations are popular corporate restructuring strategies that companies use to achieve their business goals by combining their resources, operations, and assets to form a larger organization. These mergers can occur through friendly negotiations or hostile takeovers. The fast-track merger is one type of merger that involves a streamlined process that is faster than […]
In recent years, Singapore and GIFT City IFSC have emerged as two of the most prominent financial hubs in Asia. Both locations offer world-class infrastructure, skilled talent pools, and access to global markets, making them attractive destinations for stockbrokers looking to expand their regional operations. However, there are significant differences between the two locations that […]
If you are a homebuyer in real estate, it is important to understand the admissibility of the delay penalty/delay compensation under Corporate Insolvency Resolution Process. In the case of a Corporate Insolvency Resolution Process (CIRP) of a real estate entity, there could be a provision/clause in the ‘Builder Buyer Agreement’ or ‘Apartment Buyer Agreement,’ by whatever name […]
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