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 […]
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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 […]
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.
How To Start A Company : A Complete Guide for Startup In India
How To Start A Company : A Complete Guide for startup in India [AdSense-B] “Yes, I can do it!” I can start a business. But, how? There is a fire within us to make a dent in the universe. We synonymously call it as passion, which can achieve anything. But, a passion without direction will […]
Form 15CA & 15CB: Your ticket to send money abroad
The income of NRIs can be taxable, but how will the tax department keep a track on payments made abroad? Form 15CA & 15CB is the answer! It is mandatory for anyone to file these forms before remitting payments abroad, if certain conditions prevail.
List of Payment Outside India With No Form 15CA & 15CB Required
In Moneyम्जी’s previous blog, we discussed about what are Form 15CA & 15CB, and when do you need them. Form 15CA & 15CB are required to be filed before remitting any payment outside India, if certain conditions are prevailing.
Beware of Cash Transactions from April 1
From April 1, 2017, be careful while accepting cash for more than Rs 2,00,000/- or pay 100% penalty for accepting it. Remember, it is the cash receiver who needs to pay the penalty and not the cash payer. It is a move towards eliminating cash transactions and shift towards cashless economy.
Why entrepreneurs can’t ignore EBITDA
EBITDA is the pulse rate of your company, and that’s also what makes it a sweet apple of investors eye. You just cannot ignore it, just cannot! It gives a clear reflection of your company’s ‘operating’ performance. There are many more ratios to check operating efficiency, but why this ratio stands away from the crowd […]