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Here are the key highlights from the Budget 2017

Namaste from Moneyम्जी! Probably, you chose to start LLP over company because it is less costly and requires relatively lesser compliance. But, you might be unaware of the fact that if you don’t comply with mandatory requirements for an LLP, you will end up paying such heavy penalties that it can even force you to […]

IT : Where assessee’s major income constituted of income from sports endorsement and that entire investment in shares was made out of his own funds and investment in shares with Portfolio Managers was a meagre percentage of assessee’s total investments, income on sale of shares and mutual funds was to be taxable under head capital […]

Listen जी, giving a birth to a baby is not enough. You also need to take due care of that baby. Similarly, forming a private limited company is not enough, you also need to make sure that the company is following all the compliance and should not get into any trouble for violation. Moneyम्जी will […]

Use Your Car, Avail Benefits Apaar! 😉 Company offers car expenses reimbursement to its employees if these expenses are incurred for official duties. Car owned by employee, expenses borne by employer Income tax liability in this case is based on the purpose of use: private, official or both.

Moneyम्जी guided you on how to migrate your business registration from Service Tax or VAT to GST in ‘GST registration awaits Service Tax registrants!’. Here, Moneyम्जी brings you the documentation requirement to carry out the migration.

GST GST GST! I have heard so much about GST, I know that it is Goods and Service Tax, it will be one nation, one tax regime, taxes will be simplified and much more. Now what? It’s time for some action, bro! Get registered. It’s a show time.

A notice from Income Tax Department feels like a bomb dropped at your place, and you start finding ways on how to defuse this bomb. But, there is nothing to fear about the tax notice, if you have paid proper taxes. There are different types of notices, and In this case, we are talking about […]

TDS Return Due Date and penalties Oh ghosh! I missed filing TDS return. What will I do now? Moneyम्जी had explained what would happen if you don’t deposit Tax Deducted at Source (TDS) to the government’s account before due date, in previous article’. But, depositing TDS and filing returns are two different things with different due dates […]