Read more about Moglix launches supply chain finance platform Credlix on Business Standard. New Delhi [India], February 15 (ANI/NewsVoir): Asia s largest B2B commerce company, Moglix, has announced its foray into the supply chain financing space with the rollout of its digital platform Credlix. Credlix is a digital supply financing
Synopsis
After these assets appreciated, they would bring in a new partner and old partners would exit or retire from the partnership after taking back their ‘appreciated capital’.
Agencies
This also comes around the time when the partnership structures were already under the tax department’s scrutiny following a court ruling.
Several real estate and infrastructure companies may end up paying additional tax on their return on investments since April last year after the government plugged a loophole in the Budget.
Many companies would form a partnership firm and buy assets such as land parcels through the partnership vehicle.
After these assets appreciated, they would bring in a new partner and old partners would exit or retire from the partnership after taking back their ‘appreciated capital’.
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The pandemic has impacted all sectors and most of them are now limping back to normalcy FP Staff January 31, 2021 23:35:40 IST Funding fintechs. Image courtesy CNBC-TV18
Ahead of Union Budget 2021, entrepreneurs across sectors said they believe this is an opportune time for the government to try to rationalise GST rates, compliance processes, FDI policies and ride the buoyancy revenue curves to make it a win-win situation. The pandemic has impacted all sectors and most of them are now limping back to normalcy. In these trying times, backed by government measures and reforms, entrepreneurs shared their concerns and suggested ways to Firstpost about how Budget 2021 could help them get back to their feet sooner.