Means test is a procedure in which the resources provided from the income of the debtor are considered. You are expected to evaluate total income and expenditure. Now, you have to reduce costs, and see how much money is left to you, upon completion of all necessary expenses.
Analyze recurring tax conflicts – Tax laws are the backbone of a nation’s economy. Yet, despite the structure and guidance, recurring tax conflicts continue to arise. Businesses across India often face uncertainty in interpreting tax provisions, especially under the Goods and Services Tax (GST) regime. The complexity of classification, valuation, and exemptions adds multiple layers […]
Resolving Tax Disputes – Taxation is a complex subject. When it intersects with technology and export incentives, the issues become even more intricate. One such area is the Software Technology Parks of India (STPI) scheme. Many businesses in the IT and IT-enabled services sector benefit from the deductions provided under Section 10A and Section 10B
Resolving Tax Disputes Under STPI: Navigating Section 10A/10B Challenges Read More »
Top 5 Compliance Mistakes – Software Technology Parks of India (STPI) is a scheme designed to support IT and software export companies. It provides several benefits such as tax exemptions, duty-free imports, and special incentives. However, the registration process involves strict compliance with government guidelines, legal frameworks, and regulatory procedures. Many businesses make costly mistakes
Top 5 Compliance Mistakes in STPI Registration and How to Avoid Penalties Read More »
IBC Cases in Chennai – The business world is unpredictable. Companies sometimes face financial distress. Therefore, they need a clear plan for what comes next. The Insolvency and Bankruptcy Code (IBC), 2016, provides a structured path. Consequently, it helps in reorganizing and resolving corporate insolvency. The National Company Law Tribunal (NCLT) serves as the adjudicating
IBC Cases in Chennai NCLT: What Creditors and Debtors Must Prepare For Read More »
Suspension of Government Servants: A suspension from government service is a serious and distressing event. It is not a punishment in itself. Instead, it is a preventive measure. The purpose is to ensure a fair and impartial inquiry. It also prevents the employee from influencing an investigation. However, suspension orders are sometimes issued arbitrarily. They
Suspension of Government Servants: CAT Case Strategies That Work Read More »
What to Do When a Bank Files a Case in DRT? A bank filing a case against you at the Debt Recovery Tribunal (DRT) can feel overwhelming. Suddenly, you face a legal battle. This article clarifies your options. It empowers you with knowledge. We, at Ask Advocates Law Chamber, understand your concerns. We guide you
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