We can also arrange Invoice Discounting, Supply Chain Finance etc.

Revenue-based financing is a way that firms can raise capital by pledging a percentage of future revenues in exchange for money invested. A portion of revenues will be paid to investors at a pre-established percentage until a certain multiple of the original investment has been repaid. There is no Equity dilutions.

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

Follow us on LinkedIn by clicking below link :

Team Intellex Strategic Consulting Private Limited ( India)

www.intellexcfo.com, www.growfranchisees.com, www.intellexconsulting.com, www.startupstreets.com

Revenue Based Financing (RBF) works best for D2C brands and other Online Businesseses with at least Rs 10 Lakhs of monthly revenue.

We can also arrange Invoice Discounting, Supply Chain Finance etc.

Revenue-based financing is a way that firms can raise capital by pledging a percentage of future revenues in exchange for money invested. A portion of revenues will be paid to investors at a pre-established percentage until a certain multiple of the original investment has been repaid. There is no Equity dilutions.

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

Follow us on LinkedIn by clicking below link :

https://www.linkedin.com/company/intellexcfo-com/

https://www.linkedin.com/company/venture-streets

https://www.linkedin.com/company/intellexconsulting

https://www.linkedin.com/company/buy-sell-mergers

Team Intellex Strategic Consulting Private Limited ( India)

www.intellexcfo.com, www.growfranchisees.com, www.intellexconsulting.com, www.startupstreets.com

1. The Central Board of Direct Taxes ( CBDT ) Chairman, Nitin Gupta, has announced that, the income tax department will autonomously clear pending petty tax demands for approximately 80 lakh taxpayers.
2. This initiative follows the government’s proposal, as outlined in the interim Budget, to withdraw direct tax demands up to Rs 25,000 for the fiscal year 2009-10 and up to Rs 10,000 for the financial years 2010-11 to 2014-15.
3. CBDT Chairman assured that the income tax department would erase these demands, relieving taxpayers of any action. The process is designed to be non-adverse to the assessee, and taxpayers won’t be contacted regarding this matter. However, details of the demands will be available on the individual taxpayers’ e-filing portal for review. If any issues arise, the department will address them promptly.
4. He highlighted that the CBDT would issue a “speaking order” to explain the process comprehensively. If taxpayers encounter problems related to demand cases, the department will address rectifications, pending appeals, or refund issues.
5. Approximately 80 lakh taxpayers are expected to benefit from this measure, involving an amount of about Rs 3,500 crore. The base figure of the demand, irrespective of the interest accumulated over the years, would be considered in determining eligibility for this initiative.

Simplifying Paytm Issue

• For Paytm Users

1. All UPI Payments will keep working
2. Paytm Wallet will keep working
3. Fastag will keep working
4. All bookings will continue to work seamlessly
5. Paytm QR, Paytm Soundbox, Paytm Card Machine, all Paytm gadgets will continue to work

• Problem Area

Paytm has its own Paytm Payments Bank, which allows customers to open accounts and keep the money in their digital bank, which could be utilised like regular bank accounts.

RBI has found supervisory issues in top management and functioning of Paytm Payments Bank and hence decided to stop their services from 1st March, 29th Feb 2024 being the last date.

Customers only dealing with Paytm Payments Bank should be concerned, and move their money and accounts to other Banks.

In a clarification from Paytm, the company will soon tie up with other banks to solve this banking issue.

RBI has also allowed withdrawal of money from Paytm Payments Bank after 1st March as well.

Lot of misinformation about #Paytm development

All mainly talk about two things. Let’s address that quickly.

1 Are my mutual fund investments via Paytm at risk? Will my SIPs be affected?

No. All that’s via a separate company called Paytm Money, which is regulated by SEBI and not RBI.

2 Will my UPI via Paytm stop?
No. That’s a big miscommunication by the media, to be frank.

The likes of Paytm, PhonePe, GPay or CREDPay etc run UPI, via backend partnerships with certain banks

For PhonePe, its a mix of YES BANK and ICICI Bank. For GPay it’s Axis Bank. And for Paytm, it’s the sister company Paytm Payments Bank

And, it’s the payments bank which has been barred. from doing UPIP transactions, not Paytm

Means what?

If Paytm switches its backend banking partner, the UPI payments via the app would go on smoothly.

And if you would recall, when Yes Bank collapsed, PhonePe onboarded ICICI Bank in less than 18 hours or
SO.

So, Paytm can do that too. No big deal.

Disclaimer: For educational purposes only

1) Unsecured Private Funding

• Minimum Amount- 5 Cr
• Minimum Turnover- 25 Cr
• ROI- 22%.Annual
• Tenure- 12 to 36 Months

2) Secured Private Funding

• ROI- 12-20% Annual
• Minimum Amount-
• 3 Cr (Delhi Ncr)
• 5 Cr (Other Locations)
• Tenure- 36 Months
• TAT- 7Days

We Provide Secured & Unsecured CGTSME LOAN also

• ROI:- 9-11% REDUCING.
• Minimum 2Cr turnover.
• Good Repayment Track Record And Good CIBIL Score.
• Fund up to 5Cr.
• Pan India.

—————+—————-

• Home loan
• Loan against property
• Working capital
• MSME loan
• Bank Guarantee
• Letter of credit
• Bill discounting
• NPA Funding for Running Companies

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

Follow us on LinkedIn by clicking below link :

https://www.linkedin.com/company/intellexcfo-com/

https://www.linkedin.com/company/venture-streets

https://www.linkedin.com/company/intellexconsulting

https://www.linkedin.com/company/buy-sell-mergers

Team Intellex Strategic Consulting Private Limited ( India)

www.intellexcfo.com, www.growfranchisees.com, www.intellexconsulting.com, www.startupstreets.com

Continuously Update Your Knowledge: Stay updated with the latest developments, regulations, and best practices in your field. Take advantage of professional development courses, webinars, seminars, and conferences to enhance your knowledge and skills.

Networking: Build and maintain a strong professional network. Attend industry events, join professional organizations, and engage with peers to increase your visibility, exchange ideas, and explore new opportunities.

Build a Personal Brand: Create a strong personal brand by showcasing your expertise, professionalism, and integrity both online and offline. Develop a professional website, maintain an active presence on social media, and share thought leadership articles to establish yourself as an authority in your field.

Expand Your Skillset: Acquire additional skills that complement your finance expertise. This could include areas like leadership, communication, project management, or technology. Having a diverse skill set can open up new career prospects and make you a more well-rounded professional.

Seek Challenging Assignments: Take on challenging projects or assignments to gain practical experience and expand your knowledge. This will not only enhance your skills but also showcase your capabilities to employers or clients.

Maintain Work-Life Balance: While excelling professionally is important, it is equally crucial to maintain a healthy work-life balance. Prioritize time for your family, friends, hobbies, and self-care to ensure overall well-being.

Give Back to the Community: Engage in activities that contribute to the betterment of society. Volunteer your time and expertise to organizations, participate in community events, or mentor aspiring finance professionals. These activities not only provide personal satisfaction but also enhance your professional reputation.

Setting Goals: Set both short-term and long-term goals for your professional and personal life. Regularly review and update these goals and develop actionable plans to achieve them. Setting clear targets and working towards them will keep you motivated and focused.

Remember, achieving perfection is a continuous journey, and it’s important to be adaptable and embrace lifelong learning. By following the above tips, you can further enhance your professional growth, contribute to your family’s well-being, and become a well-rounded and successful finance professional.

SOME KEY POINTS

LOAN AMOUNT

• 7 cr to 200 cr ( Turnover cap max ONRB500 Crores)

NO NEGATIVE PROFILE

PRODUCTS

• ⁠Working Capital – CC/OD
• ⁠Term loan
• ⁠Lap
• ⁠BG ( Bank Guaranty )
• ⁠LC ( Letter of credit )
• ⁠EPC/PCFC
• ⁠LRD – Lease Rental discounting
• ⁠LCBD ( Bill discounting backed by LC)
• ⁠CLB

NCLT CASES – we do

REAL-ESTATE/ BUILDERS – we do

LTV/COVER
Upto 200 % (Based on property, financials)

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

Follow us on LinkedIn by clicking below link :

https://www.linkedin.com/company/intellexcfo-com/

https://www.linkedin.com/company/venture-streets

https://www.linkedin.com/company/intellexconsulting

https://www.linkedin.com/company/buy-sell-mergers

Team – Intellex Strategic Consulting Private Limited ( India)

www.intellexcfo.com, www.growfranchisees.com, www.intellexconsulting.com, www.startupstreets.com

The India Electronics and Semiconductor Association (IESA) has recently launched the 2024 Edition of the Compendium of Semiconductor & Electronic System Design and Manufacturing (ESDM) Policies in India.

The Compendium serves as a comprehensive resource that provides an overview of the policies related to semiconductors and the ESDM sector in India. It aims to facilitate a better understanding of the policies, initiatives, and regulations governing the semiconductor industry and the overall electronics manufacturing ecosystem in the country.

The 2024 Edition of the Compendium is an updated version that takes into account the latest developments, amendments, and additions made to the policies since the previous edition. It covers a wide range of topics such as investment incentives, taxation, intellectual property rights, export promotion, skill development, and research and development initiatives specific to the semiconductor and ESDM sectors.

By launching this report, the IESA aims to provide industry stakeholders, policymakers, investors, and other relevant parties with up-to-date information and insights into the policies and initiatives that can impact the growth and development of the semiconductor and ESDM industries in India.

Introduction:
1. In my earlier posts, I have already mentioned about the introduction of clause (h) in Sec 43B of the Income Tax Act vide Finance Act 2023, which provides a deduction of the sum payable to Micro Enterprise or Small Enterprise (“MSME”) otherwise allowable only on a payment basis.

2. As per this amendment, any sum payable by an assessee to MSME supplier beyond the time limit specified in section 15 of the Micro Small and Medium Enterprises Development Act, 2006 (“MSMED Act”) shall be allowed as a deduction in the year in which actual payment has been made.

3. If a buyer is entering into an agreement with an MSME supplier, the due date of payment cannot exceed 45 days from the date of actual delivery of goods or rendering of services as the case may be. Where there is no written agreement, the due date will be the 16th day of actual delivery.

Some more important points to remember:

1. As per O.M. 5/2(2)/2021-E/P & G/Policy dated 02-07-2021, wholesale and retail trader are entitled for Udyam registration only for the benefit of Priority Sector Lending only. So, purchase from traders would be outside the purview of these amendments.

2. In case any defect in goods or deficiency in service is noticed, then an objection in writing should be made within 15 days. Date of removable of objection by the vendor should also be kept in record as counting of due date will start from this date.

3. In Gujarat State Civil Supplies Corporation Ltd. v. Mahakali Foods Pvt. Ltd. (unit2) & Anr. (2003) 6 SCC 401, Hon. Supreme Court has held that the MSMED Act is a special act and overrides any general act like the Arbitration Act. It further held that if the supplier on the date of transaction is not holding the registration/memorandum and is not covered under the MSMED Act, it can’t claim benefits with subsequent registration. Thus, status of the supplier has to be checked on the date of transaction.

4. As per the memorandum No. No.2(18)/2007-MSME(pol), dt. 26-08-2008, it is not only enough to obtain Udyam Registration but necessary to print the said number on the tax and other invoices and letter heads etc. along with GST number and also include a declaration to the effect of its validity similar to that of declaration under the GST law.

5. As per section 2(e) of MSMED Act, 2006 “enterprise” means an industrial undertaking or a business concern or any other establishment, by whatever name called. Thus an individual carrying out a business without an office may not classify as a MSME.

Team- Intellex Strategic Consulting Private Limited
www.startupstreets.com, www.intellexCFO.com, www.intellexconsulting.com, www.growfranchisees.com

According to the Income Tax Appellate Tribunal (ITAT), expenses incurred by companies for Employee Stock Ownership Plan (ESOP) compensation are allowable as expenses. The ITAT ruled that these expenses are incurred for the purpose of retaining talent and staff for the benefit of the company.

ESOPs are a form of compensation commonly used by companies to incentivize and retain their employees. Under an ESOP, employees are granted the option to purchase company shares at a predetermined price. When employees exercise these options, the company incurs an expense related to the difference between the market price and the exercise price of the shares.

The ITAT’s decision implies that companies can treat these ESOP compensation expenses as a deductible expense while calculating their taxable income. The rationale behind this ruling is that such expenses are necessary for retaining talented employees, which ultimately benefits the company.

This decision by the ITAT provides clarification and affirms the tax deductibility of ESOP compensation expenses. It recognizes the importance of ESOPs in attracting and retaining skilled employees, thereby motivating companies to implement such schemes.