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Blogs & News
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Good Solutions for Bad Air
- May 2, 2021
- Posted by: Vishnu Krishna
- Category: Global growth
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It has become a commonplace to open the morning newspaper and read about all the gloom and doom associated with Corona virus. Just a month ago, Indians (myself included) thought that we have overcome the Covid-19 pandemic and almost scoffed at situation of developed economies like France, Italy and USA. Cut to present time, the joke is on us and how…..
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Permanent Establishment post Multi-Lateral Instruments
- March 22, 2021
- Posted by: Ajay Chaurasia
- Category: Accountancy and Taxation
According to Article 5 of Double Taxation Avoidance Agreement (DTAA) and the concepts underpinning Permanent Establishment in India, any profits of an enterprise of one Contracting State are taxable in the other state, only if the enterprise maintains a Permanent Establishment in the second country, and only for profits are attributable to that Permanent Establishment. Thus, a Permanent Establishment is the legal compromise between your source country and resident country for the purposes of taxation of business profits.
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Risk Aversion and Internal Legal Audit
- March 1, 2021
- Posted by: Bansari Joshi
- Category: Legal & Compliances
Entity ABC allowed its website users to make payments through a payment gateway present on its website, but failed to insulate itself in case of leak in data security of payment gateway. It had to compensate for 50% of losses suffered by the user on account of leak in data security of payment gateway.
Entity DEF did not know it was supposed to report KYC of its directors every year to Government. It had to pay a heavy remedial fee to rectify the non-compliance.
Entity XYZ understood they were supposed to maintain several registers under various labour laws only after being penalised by Labour Inspector.
Neither of the above situation an unimaginable one
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Understanding Notice Periods
- January 15, 2021
- Posted by: Nidhi Bhalla
- Category: Human Resource
Well, a few days became I was going through a new ruling passed by Gujarat government for not serving a notice period applicable as per the employment agreement. New rule says that any employee leaving the company without serving a notice period will have to pay additional 18% GST along with the payable salary. This made me realize and pen my thoughts on how many of us actually take notice period seriously. My new blog is all about understanding the notice periods.
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Taking Protection against Cybercrime: Simple Steps
- December 12, 2020
- Posted by: Vishnu Krishna
- Category: Global growth
In today’s highly digitised world, protection against cybercrime has become a natural necessity. But a very small proportion of people who are “online” every day understand cybercrime fully well let alone taking precautionary steps against it.
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Selecting Overqualified Candidates
- November 30, 2020
- Posted by: Nidhi Bhalla
- Category: Human Resource
When HR of an organizations are given a mandate to hire for a position or role, it may seem challenging firstly because the supply being higher than the demand, given the current economic and job situation in the country. Secondly, the high expectations of the recruiters for the position. Ask head-hunter’s about talent and most will respond that ‘good talent is scarce’
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E-Contracts and E-Signatures: Is India Ready?
- November 20, 2020
- Posted by: Drishti Sharma
- Category: Legal & Compliances
As the Covid-19 pandemic continues to rage across the world, it has become increasingly more difficult for organisations to contract, sign and maintain documentation physically as they used to. Most commercial negotiations rely on execution of documents in physical format and….
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Managing Compliance and Ease of Doing Business
- November 16, 2020
- Posted by: Bansari Joshi
- Category: Legal & Compliances
India currently ranks 63rd in the Ease of Doing Business ranking of World Bank. Over the last 5 years, India has improved its rank by 79 positions, 14 positions in last year alone, by implementing policies to increase efficiency and support businesses.
While there are many factors which decide a country’s rank in the Ease of Doing Business Index, an important factor is reduction of compliance burden
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Upskilling & Reskilling for the Future
- October 28, 2020
- Posted by: Vishnu Krishna
- Category: Global growth
It would be almost cliched to say that the Covid-19 induced global lockdown has shaken up the global job market. Millions around the world, across industries and geographies have lost their employment due to an uncertain short-term future. While most of us agree that global economy will bounce back but no one is sure by when.
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POSH: An Answer to Sexual Harassment at Workplace
- October 16, 2020
- Posted by: Nidhi Bhalla
- Category: Legal & Compliances
I was browsing through the internet searching for the work-related material and came across an article- “Rise in Virtual Harassment” that got my attention and had this strong urge to reinforce the importance of POSH Policy at workplace especially during the Pandemic phase wherein everything has taken a back seat.