CARE & SHARE Knowledge

16/02/2025

AIF (Alternative Investment Fund) taxation in IFSCA (International Financial Services Centres Authority) is governed by the Income-tax Act, 1961, and the regulations issued by IFSCA. Here are some key aspects of AIF taxation in IFSCA:

Tax Benefits
1. *10-year tax holiday*: AIFs set up in IFSCA are eligible for a 10-year tax holiday, subject to certain conditions.
2. *Exemption from capital gains tax*: AIFs are exempt from capital gains tax on the transfer of securities.
3. *Exemption from dividend distribution tax*: AIFs are exempt from dividend distribution tax.

Taxation of AIF Income
1. *Business income*: AIFs are taxed on their business income, which includes income from investments, management fees, and other business activities.
2. *Capital gains*: AIFs are taxed on their capital gains, which arise from the sale of securities.
3. *Interest income*: AIFs are taxed on their interest income.

Taxation of AIF Investors
1. *Pass-through taxation*: AIFs are treated as pass-through entities, meaning that the income is taxed in the hands of the investors.
2. *Taxation of investor income*: Investors are taxed on their share of the AIF's income, which includes business income, capital gains, and interest income.

Other Tax Considerations
1. *GST*: AIFs are required to pay GST on their management fees and other services.
2. *Withholding tax*: AIFs are required to withhold tax on payments made to non-resident investors.

Regulatory Framework
1. *IFSCA regulations*: AIFs in IFSCA are regulated by IFSCA and are required to comply with its regulations.
2. *SEBI regulations*: AIFs in IFSCA are also required to comply with SEBI regulations.

26/02/2024

✨✨ आइये जाने आचार्य विद्यासागर जी महाराज को ✨✨

यूँ ही नही कहते उन्हें युग शिरोमणि

पूर्व नाम - विद्याधर जी

जन्म -शरद पूर्णिमा 1946 ग्राम सदलगा बेलगांव (कर्नाटक)

ब्रमचर्य व्रत - 1967 में आचार्य देशभूषण सागर जी महाराज से

मुनि दीक्षा - 30 जून 1968 में आचार्य ज्ञान सागर जी महाराज से।

स्थान - अजमेर राजस्थान

आचार्य पद - 22 नवम्बर 1972 में आचार्य ज्ञान सागर जी महाराज से।

स्थान :- नसीराबाद राजस्थान

आचार्य पद के बाद पहला चातुर्मास ब्यावर में

★पूरे भारत में सबसे ज्यादा दीक्षा देने वाले |
*131 मुनि दीक्षा*
*172 आर्यिका दीक्षा*
*22 ऐलक दीक्षा*
*90 क्षुल्लक दीक्षा*
*3 क्षुल्लिका दीक्षा*
*अनेको प्रतिमा धारी श्रावक*
*सेकड़ो बह्मचारी भैया जी*
*सेकड़ो बह्मचारी बहने*

★पूरे भारत में एक मात्र ऐसा संघ जो पूरा बाल ब्रह्मचारी है |

★पुरे भारत में एक ऐसे आचार्य जिनका लगभग पूरा परिवार ही संयम के साथ मोक्षमार्ग पर चल रहा है |
*पिता* - समाधिस्थ मुनि श्री मल्लि सागर जी
*माता* - समाधिस्थ आर्यिका समयमति माताजी
*भाई* -निर्यापक श्रमण मुनि श्री समय सागर जी
*भाई* -निर्यापक श्रमण मुनि श्री योग सागर जी
*भाई* - मुनि श्री उत्कृष्ट सागर जी
*बहन* - बाल बह्मचारी शांत दीदी
*बहन* - बाल बह्मचारी सुवर्णा दीदी

★आचार्य श्री के सानिद्य में और मार्गदर्शन में अभी तक लगभग 70-80 समाधिया सम्प्पन हो चुकी है।

* #अब जानिए_आचार्य_श्री_विद्यासागर_जी_महाराज_के_त्याग_के_बारे_में*

पूर्णतया आगम अनुरूप चर्या देखना है तो वो है आचार्य श्री विद्या सागर जी महाराज उनके त्याग तपस्या चर्या इस प्रकार है -

★हर दो माह में केशलोंच करना। *दीक्षा काल से*

★एक करवट में शयन |

★आजीवन चीनी का त्याग | *वर्ष -1968 से*

★आजीवन नमक का त्याग | *वर्ष -1968 से*

★सूखे मेवा (dry fruits) का त्याग | *वर्ष -1976 से*

★आजीवन सभी फल का त्याग | *वर्ष -1976 से*

★आजीवन थूकने का त्याग | *वर्ष -1983 से*

★आजीवन चटाई का त्याग | *वर्ष -1985 से*

★आजीवन दिन में सोने का त्याग | *दीक्षा काल से*

★केवल *5 घण्टे ही निन्द्रा* का नियम |

★आजीवन सभी प्रकार की *हरी सब्जियों* का त्याग |

★आजीवन सभी प्रकार के वाहन का त्याग | *ब्रमचर्य अवस्था से*

★आजीवन *तेल* का त्याग |

★आजीवन *दूध, दही* का त्याग |

★आजीवन सभी भौतिक संसाधनों का त्याग | *दीक्षा काल से*

★रात्रि में मौन रखना। *दीक्षा काल से*

★आजीवन *अस्पताल, एलोपैथ दवाई, होम्योपैथी दवाई और शल्य चिकित्सा का त्याग* - दीक्षा काल से

★शाम की सामयिक से सुबह तक एक स्थान से *गमन करने का त्याग*

★ *वर्ष- 1990 में* गुरुवर ने *9 निर्जला उपवास* किये ।

★शहर से दूर खुले मैदानों में नदी के किनारो पर , शमशान या पहाड़ो पर अपनी साधना करना |

★अनियत विहारी यानि बिना बताये विहार करना
प्रचार प्रसार से दूर- मुनि दीक्षाएं देना, पीछी परिवर्तन इसका उदाहरण

★चातुर्मास की पूर्व घोषणा नही करना। अन्त 2 या 3 दिन पूर्व ही केवल संकेत देना।

★आचार्य देशभूषण जी महाराज जब ब्रह्मचारी व्रत के लिए स्वीकृति नहीं मिली तो गुरुवर ने व्रत के लिए 3 दिवस निर्जला उपवास किआ और स्वीकृति लेकर माने ।

★ब्रह्मचारी अवस्था में भी परिवार जनो से चर्चा करके अपने गुरु से स्वीकृति लेते थे और परिजनों को पहले अपने गुरु के पास स्वीकृति लेने भेजते थे

★भारत में सैकड़ो गौ शाला खुलवाने वाले अनुपम संत।
*(दयोदय गौशाला 100 से अधिक)*

👉🏼सैकड़ो मंदिरो के जीर्णोद्धार व नवनिर्माण करवाने वाले अनुपम संत
लेकिन किसी क्षेत्र पर स्वामित्व भाव नही

👉🏼स्वास्थ के क्षेत्र में विशाल अस्पताल बनवाने वाले अनुपम संत *(भाग्योदय अस्पताल सागर)*

👉🏼स्वास्थ के क्षेत्र में आयुर्वेद अस्पताल बनवाने के लिए अग्रसर अनुपम संत *(पूर्णायु संस्थान जबलपुर)*

👉🏼शिक्षा के क्षेत्र मे अनेक विद्यालय खुलवाने वाले अनुपम संत
*(पांच प्रतिभास्थली सहित अन्य संस्थाए)*

👉🏼रोजगार के क्षेत्र में *हजारों हथकरघा* खुलवाने और अन्य स्वलम्बन बनने के रोजगार व्यपार की प्रेरणा देने वाले अनुपम सन्त

👉🏼सम्पूर्ण देश में हर जाति समुदाय मैं विशेष आदर और भक्ति पाने वाले अनुपम संत

और भी अनेक गुणों की खान है गुरुवर,,,,सागर को कभी गागर में भरा नही जा सकता इसी तरह गुरु के पूर्ण गुणों का उलेख कभी हो नही सकता
*इस युग का सौभाग्य है कि, इस युग में गुरुवर जन्मे ।
हम सब का सौभाग्य है कि ,हम गुरुवर के युग में जन्मे।*
*आचार्य श्री विद्यासागर जी अब सब को भाते हे ,
वर्तमान के वर्धमान सम जाने जाते है ,
आचार्य श्री विद्यासागर जी ने ले लिया अवतार है,
जो इनका वन्दन ना करे उसका जीवन बेकार है।*

ऐसे अद्वितीय ज्ञान तप धर्म की प्रेरणा देने वाले मोक्षधारी संत चरणों में चरणों में
*कोटि-कोटि बार चरण वंदन
नमोस्तु नमोस्तु नमोस्तु आचार्य भगवान *
⛳⛳⛳⛳⛳⛳⛳⛳
✍🏼✍🏼✍🏼

22/01/2024

Here is some engineering information about the Ram Temple, Ayodhya:

*Chief Architects* - Chandrakant Sompura, Nikhil Sompura and Ashish Sompura.

*Design Advisors* - IIT Guwahati, IIT Chennai, IIT Bombay, NIT Surat, Central Building Research Institute Roorkee, National Geo Research Institute Hyderabad, and the National Institute of Rock Mechanics.

*Construction Company* - Larsen and Toubro (L&T)Project

*Management Company* - Tata Consulting Engineers Limited ( TCEL)

*Sculptors* - Arun Yogiraaj (Mysore), Ganesh Bhatt and Satyanarayan Pandey

*Total Area* - 70 Acre (70% green Area)

*Temple Area* - 2.77 Acre

*Temple Dimensions* -
Length – 380 Ft.
Width – 250 Ft.
Height – 161 Ft.

*Architectural Style* - Indian Nagar Style

*Architectural Highlights* - 3 storeys (floors), 392 pillars, 44 doors

*The temple complex consists of several independent infrastructures of its own which include* -

1. Sewage treatment plant

2. water treatment plant

3. fire service

4. independent power station.

5. Pilgrims Facility Centre of 25,000 capacity to provide medical facilities and locker facilities to the pilgrims.

6. Separate block with a bathing area, washrooms, washbasin, open taps, etc.

7. Lightning arresters have been installed over the temple structure to protect it from lightening.

8. A museum showcasing artifacts related to Lord Ram and the Ramayana. Thus. more than just a religious center, the Ram Mandir has been envisioned as a cultural and educational center as well.

*Other Fascinating Things:*

1. "A time capsule" has been placed approximately 2,000 feet below the ground, right underneath the temple. The capsule contains a copper plate inscribed with relevant information regarding the Ram Mandir, Lord Rama, and Ayodhya.

The purpose of this time capsule is to ensure that the identity of the temple remains intact over time so that it doesn’t get forgotten in the future.

2. The temple is an earthquake-resistant structure, with an estimated age of 2500 years.

3. "The idols" are made up of 60 million years old Shaligram Rocks, brought from the Gandaki River (Nepal)

4. "The Bell" is

- made of Ashtadhatu (Gold, Silver, Copper, Zinc, Lead, Tin, Iron, and Mercury)
The Bell weighs 2100 Kg
The sound of the bell can be heard up to a distance of 15 Km.

01/07/2023

14/04/2023

Mr. Punit Goenka MD & CEO of ZEEL was alleged that he has failed to put in place adequate internal controls within the company to identify UPSI and failed to identify the said information as UPSI.

“So far, it has been observed that SEBI has been initiating legal actions on leak of UPSI, trading based on awareness of UPSI, violation of code of conduct, etc. This is first time an order has been released wherein the allegation was on failure of existence/ weakness of internal controls towards identification of UPSI.”

Reg. 9A (1) of Prohibition of Insider Trading laws, warrants Managing Director (MDs) and Chief Executive Officer (CEOs) of listed companies to frame internal controls to ensure compliance with its requirements.

'UPSI being the nucleus for insider trading, SEBI has casted personal responsibility on the MDs and CEOs to devise adequate and effective systems inter alia for identification of UPSI.
The Managing Directors and CEOs of Indian Inc. going forward will have to be more vigilant towards efficacy of such systems.’

Mr. Punit Goenka has settled instant proceedings by paying settlement amount of Rs. 50,70,000/-, without admitting or denying the findings of fact and conclusions of law, through a settlement order.

During the investigation, it was found that Goenka failed to put in place adequate internal controls within the company to identify unpublished price sensitive information.

19/03/2023

UIDAI waives online Aadhaar update fee

➡️Now people can opt for updating documents in their Aadhaar online free of cost, a move that is expected to benefit millions of residents.

➡️Hailing it as a people-centric move, the UIDAI said the decision was taken as part of the Digital India initiative where the users can avail the free document update facility on ‘myAadhaar’ portal for the next three months.

➡️UIDAI said the offer to update Aadhaar details free of cost was available for three months starting March 15, 2023- Jun 14, 2023.

➡️ The nodal agency overlooking the Aadhaar management in the country, clarified “this service is free only on ‘myAadhaar’ portal and will continue to attract a fee of ₹50 at physical Aadhaar centres, like previously”.

https://uidai.gov.in/images/Press_Release_16_3_23.pdf

- CARE & SHARE Knowledge

16/03/2023

SVB bank CRASHED by 80% 🥵‼️ - Is it Lehmann Brother's Moment 😱😱

📌 Who is SVB bank?

Silicon Valley Bank is one of the oldest and largest banks in the Silicon Valley (Top 20 US bank) and if they FAIL, it will lead to financial disaster.

They work with nearly half of all US VC backed startups especially tech and healthcare startups.

📌 What happened to SVB bank?

Due to huge pouring of VC money, their deposits grew to $180 Billion in last few years.

They put 50% of that in US Treasuries & MBS's with $91 billion MBS portfolio, far exceeding its $74 billion of total loans 😐

They did poor diversification into risky assets and recently large number of depositors came to them for withdrawing money.

They were forced to liquidate their treasury portfolio at a 8.5% loss yesterday equal to $1.8 billion to give back money.

📌 Why this happened to SVB bank?

VCs have pulled away as the macro picture worsened and consequently startups went for their bank deposits.

Legendary VC Peter Thiel has now advised companies to pull money from SVB.

This shows that higher interest rates in the economy by the FED/ RBI (India) will lead to many disasters (broken business models) such as this ♨️

Further, all US banks fallen yesterday and today whole global financial markets like Europe, Japan, India, China etc are down.

01/02/2023

Budget Snapshots 2023:

1. Per capita income at ₹1.97 lac more than double in last 5 years
2. India 5th largest economy of the world.
3. Digital payments of 126 lac crores in 2022
4. 11.7 crore toilets. 9.64 crore cylinders 220 crore Covid doses.
5. 2.2 lac crores direct Trf to farmers
6. Huge impetus on tourism. State and centre aligned and public private partnership programmes
7. Green economy to be pushed beyond realms. Carbon footprint reduction roadmap
8. Government to support agri tech startup’s. Agricultural accelerator fund to be set up
9. Public private partnership allowed in cotton manufacturing
10. India to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.
11. Indian institute of millet research will be made international
12. Agricultural credit target to be made till 20 lac crore with support to dairy.
13. ₹2200 crores for horticulture
14. Agricultural societies, dairy and fishery societies to be set up
15.157 new nursing colleges to be set up
16. National book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.
17. ₹6000 allocated to fisheries
18. PMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. ₹15000 crores
19. PMAVAS to be increased to ₹79000 crores. Increase of 66%
20. Capital investment outlay increased to ₹10 lac crores. Increase of 33%. Approx 3.3% of GDP
21. Effective Capex to be ₹13.7 lac crores. Approx 4.5% of GDP
22. 50 additional AirPort to be revived for better connectivity.
23. Railway outlay ₹2.4 lac crore. 9 times the budget of 2013-14
24. Urban development infra fund to be started. Managed by NHB
25. Septic tanks in city and towns to be changed. Manhole to machine holes
26. Jan Vishwas bill to normalise laws.
27. Centre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.
28. National data governance policy to be brought out.
29. Vivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.
30. E-courts phase 3 launched
31. Digi lockers to be made universally available
32. ₹7000 crores for phase 3 of e-courts
33. Lab grown diamonds to be emphasised.
34. 100 labs for 5G development
35. Focus on green growth. National green hydrogen ₹19700 crores allocation
36. ₹35000 crores in energy TRANSITION
37. Green hydrogen production to be made till 5MMT TILL 2030
38. Renewal energy allocated ₹20700 crores
39. Mangrove plantation along coastline wherever feasible.
40. 1 crore farmers to be trained for natural farming.

13/10/2022

Interesting Information!!

Glass takes one million years to decompose, which means it never wears out and can be recycled an infinite amount of times!

Gold is the only metal that doesn't rust, even if it's buried in the ground for thousands of years.

When a person dies hearing is the last sense to go. The first sense lost is sight.

Your tongue is the only muscle in your body that is attached at only one end.

The tooth is the only part of the human body that cannot heal itself.

If you stop getting thirsty , you need to drink more water. When a human body is dehydrated, its thirst mechanism shuts off.

Zero is the only number that cannot be represented by Roman numerals.

Kites were used in the American Civil War to deliver letters and newspapers.

The song Auld Lang Syne is sung at the stroke of midnight in almost every English-speaking country in the world to bring in the new year.

Drinking water after eating reduces the acid in your mouth by 61 percent. Drinking a glass of water before you eat may help digestion and curb appetite.

Peanut oil is used for cooking in submarines because it doesn't smoke unless it's heated above 450F.

The roar that we hear when we place a seashell next to our ear is not the ocean, but rather the sound of blood surging through the veins in the ear. The seashells work as amplifiers.

Nine out of every 10 living things live in the ocean.

The Banana cannot reproduce itself. It can be propagated only by the hand of man.

Airports at higher altitudes require a longer airstrip due to lower air density.

The University of Alaska spans four time zones.

In ancient Greece , tossing an apple to a girl was a traditional proposal of marriage. Catching it meant she accepted.

Warner Communications paid 28 million for the copyright to the song Happy Birthday, which was written in 1935!

Intelligent people have more zinc and copper in their hair.

A comet’s tail always points away from the sun.

Caffeine increases the power of aspirin and other painkillers, that is why it is found in some medicines.

The military salute is a motion that evolved from medieval times, when knights in armor raised their visors to reveal their identity.

If you get into the bottom of a well or a tall chimney and look up, you can see stars, even in the middle of the day.

In ancient times strangers shook hands to show that they were unarmed.

Strawberries and cashews are the only fruits whose seeds grow on the outside.

Avocados have the highest calories of any fruit at 167 calories per hundred grams.

The moon moves about two inches away from the Earth each year.

The Earth gets 100 tons heavier every day due to falling space dust.

Due to earth's gravity it is impossible for mountains to be higher than 15,000 meters.

Mickey Mouse is known as "Topolino" in Italy.

Soldiers do not march in step when going across bridges because they could set up a vibration which could be sufficient to knock the bridge down.

Everything weighs one percent less at the equator.

For every extra kilogram carried on a space flight, 530 kg of excess fuel are needed at
lift-off.

The letter J does not appear anywhere on the periodic table of the elements.

Thank you.

24/09/2022

Learning lessons from the recent ROC Penalty / Charges orders:

1. ROC Ahmedabad imposed a penalty of Rs 6 lakhs on a private limited company and its directors for “non mentioning the DIN” in the financial statements for the financial years 2018-19 to 2020-21, attracting non compliance with the provisions of Section 158 of the Companies Act 2013 (CA2013) https://lnkd.in/gaSbr2Uz

2. ROC Ahmedabad imposed a penalty of Rs.40,000 on a private limited company and its directors for not sending financial statements to its members violating Section 136(1) of the CA2013
https://lnkd.in/gG4m2cDQ

3. ROC Delhi imposed a penalty of Rs. 18.23 lakhs on a private limited company and its directors for non-appointment of company secretary (in a company having a paid up capital of more than 10 crores) violating provisions of Section 203 of the CA2013, where in case of any office of KMP is vacated, such vacancy shall be filled within 6 months.
https://lnkd.in/gKyd3Bfn

4. ROC Bangalore levied a penalty on a company and its directors, where the company had filed certain documents with the ROC and missed to mention the CIN on letterhead attracting a violation of Section 12(3)(c) of the CA 2013
https://lnkd.in/guQJDYYs

5. ROC Ahmedabad imposed a penalty of Rs. 1.65 lakhs where the company had failed to file its financial statements along with the documents for the financial year 2019-2020 [causing a delay of 553 days from the due date 01.02.2021 to 08.05.2022 (till the order date)]and thereby violating the provisions of Section 137 of the CA2013
https://lnkd.in/gZWhGsK7

6. ROC Ahmedabad imposed a penalty of Rs. 1.58 lakhs on a listed company for non-maintenance of registered office. ROC had issued two letters to the company regarding certain discrepancy in MGT-7 but the letters got returned back to the ROC office with the postal remarks ‘not known’. The Company was not maintaining its registered office in compliance of the Section 12 of the CA2013 and was not capable of receiving communications and notices. The company changed its registered office effective 01.01.2022, however filed INC-22 on 15.03.2022 (due date of INC-22- 30.01.2022) causing a delay of 42 days.

02/08/2022