Income Tax Appellate Tribunal in a recent order (Dy. Commissioner of Income-tax (LTU), Bangalore Vs M/s. Biocon Limited) (“Case”) held that “discounts under the ESOP are an employee cost and should be allowed as a deduction over the vesting period, in the hands
Reserve Bank of India has today announced following measures to aim at rationalizing the Foreign Exchange outflows by Resident Indians. a) Reduced the limit for Overseas Direct Investment under automatic route from 400% of the net worth of an Indian Party to 100% of its net
We had shared this note privately to many of the angels and startups who are raising investment. And then, quite a few interesting conversations emerged. Sharing here for the larger audience. Here’s the link to the Budget Speech http://indiabudget.nic.in/bspeecha.asp. The references
In the previous post (http://novojuris.wordpress.com/2012/01/12/legal-issues-in-e-commerce-part-1-of-the-series/) we provided a glimpse, that based on the specific nature of business, there are various legislations that an e-com business has to comply with. This post examines some of the ‘core’ legal issues relevant to nature
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