Non Resident Not ‘Devo Bhavah’! The tax department has dropped a bombshell on Non Resident Indians (NRIs) and Foreign Nationals quietly. Non residents, who avoided disclosure of their income parked outside India by maintaining the status of Non Residents will not be able to do so now onwards. As per existing laws, income earned outside India […]
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GST Rules And Guidelines : Do’s And Don’ts (Format Attached)
GST Rules And Guidelines : Do’s And Don’ts (Format Attached) GST (Goods and Service Tax) is a tax levied when a consumer buys a goods or services. The main aim of introducing GST is to bring all the taxes in a single umbrella. This bill helps to eliminate the cascading effect of taxes on production, distribution […]
How To Register A Company In India : Full Startup Guide
Do you have an idea and ready to convert that idea into reality? You are at the right place then, this post will guide you about all the essential things you need to know about company formation followed by step by step procedure to register a company in India. To register a company in India, […]
Impact of GST rates on your Household Budget; Who won, who lost?
Yes yes, GST rates are here! India has cleared the way for the biggest tax reform since independence in 1947. The main beneficiaries of the new goods and services tax, due to be rolled out on July 1, include steelmakers and some consumer goods. The food items which currently attracted an average of 12.5% tax under […]
Now, Company Incorporation Is Just A One Day Process
Half a day is all you need to get into business. As per the Ministry of Corporate Affairs, which is leaving no stone unturned to improve the ease of doing business, it will now become possible to reduce the time to reserve the name of company to half a day, and company incorporation in one […]
Tax Saving Investment Options for NRIs and Senior Citizens
Most of the deductions under section 80 are also available to NRIs. For FY 2016-17, a maximum deduction of up to Rs. 1,50,000 is allowed under section 80C from gross total income for an individual.
Know about deductions under Section 80G
Section 80G: Deduction for donations towards Social Causes The various donations specified in Section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in Section 80G. Section 80G deduction not applicable in case donation is done in form of cash for amount over Rs 10,000.
How do I manage a startup at initial stage with no funding?
To manage a startup at bootstrap stage is a real challenge. You have to manage your team, pay their salaries, market your products/services, pay rent, and what not!
All you need to know about the government’s subsidy on home loan
When entire India was fearing Prime Minister Modi’s speech on December 31, expecting another bombshell after demonetization, PM Modi came up with announcement of subsidized interest on home loan. The scheme is set to be implemented. ‘Roti, Kapda and Makaan’ has been the vision of past several governments. Not only the lower income, but middle […]
Aadhaar mandatory for Income Tax Return Filing and PAN
Moneyम्जी has repeatedly said in the past that the present govt is a determined hungry wolf, who won’t let you go without paying taxes. The wolf government has proposed another attacking move to get its food. The government has proposed to make Aadhaar mandatory for filing Income Tax Return and applying Permanent Account Number (PAN) from July 1.