In The Media

- 09, Aug 2021

I have a job offer as consultant with US-based firm. What are the income tax related issues I need to keep in mind?

Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies: From a direct tax perspective, it should be ensured that the CPA firm in the US does not equip itself with knowledge or expertise while you provide the consultancy services, which...

- 06, Aug 2021

Glenmark Life Sciences Stock Debuts on BSE, NSE Today. Time, Listing Price Details

“Though the consumer inflation has increased above 6 percent in the last two months, RBI is not expected to increase the rate nor change its stance from accommodative to neutral with the threat of third-wave looming large. The additional support...

- 28, Jul 2021

IT notices issued in the name of deceased person null and void: Delhi High Court

“Had the proceedings been initiated when the assessee was alive or the notice been sent directly to the Legal Representative (LR), instead of the name of the deceased, the outcome could have been different. There are some instances where the...

- 22, Jul 2021

No one expected this surprise at the end of the bankruptcy moratorium

The number of corporate insolvency cases admitted in tribunals stayed low at 164 in the three months ended 30 June despite the government’s decision to lift the one-year moratorium on creditor action against defaulters in March.

- 14, Jun 2021

Angel Tax In India: Everything You Need To Know

More commonly called as Angel Tax in the start-up world, it is the tax levied under Section 56(2)(viib) of the Income Tax Act 1961 (“the Act”), on the capital raised by privately held companies via the issue of shares to...

- 28, May 2021

GST Council meet begins, tax rate cut on COVID essentials, compensation to states on agenda

Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP, said the GST Council are meeting after a gap of seven months. This comes in the backdrop of a lot of States raising the issue of non-convening of the meeting for...

- 28, May 2021

GST Council Meeting Updates: Exemption on Imported COVID-Related Supplies Till August 31; Amnesty Scheme and More

GST Council Meeting Updates: Union finance minister Nirmala Sitharaman chaired the Goods and Services Tax (GST) Council meeting on Friday, after a gap of seven months. With the second wave of coronavirus pandemic ravaging the country, several states urged a...

- 21, May 2021

Central govt stares at dip in revenue collections

Though there could be a drop in the GST collection of May and June, it would still continue to be around the ₹1 trillion mark, said Divakar Vijayasarathy, founder and managing partner of consultant DVS Advisors LLP.

- 19, May 2021

RBI permitting India Inc to set up funds in GIFT City a big boost to IFSC

“In the case of sponsor contributions to AIF in IFSC, the regulations specify only the minimum contribution and there is no cap on the maximum contribution. If the provision of investment through automatic route apply only for the minimum contribution or...

- 11, May 2021

Drawing foreign investors

GIFT City is set to put India on the global financial map In the backdrop of the country’s rapid financial growth and robust projections, the GIFT City financial and technology gateway assumes great significance. Formed by Gujarat International Finance Tec-City...

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