Budget Highlights 2018 Direct Tax: No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be known as Education and … Continue reading
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Simplified Proforma for Incorporating Company Electronically (SPICe)-Though sounds spicy but Government hidden initiative is to make the whole incorporation process Short and Sweet Growth and expansion are key goals for most business owners and entrepreneurs. Whenever any business owner wishes … Continue reading
Investors are perpetually debating should they invest to generate returns or should they invest to save taxes? The answer to this is rather simple, you could do both. While investing in a tax saving product you could also look into … Continue reading
Men and women have been created as equals and have equal rights. Unfortunately, for most of us, the financial and social status of women in India comes second to men. The women around us – be it daughters, sisters, mothers … Continue reading
Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) Following are the answers to the various frequently asked questions relating to GST: Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the … Continue reading
Tax benefits for export of software – CBDT’s latest clarifications In this article the author has examined the contents of the CBDT’s circular giving clarifications on various issues which relate to sections 10A, 10AA & 10B of the I.T. Act, 1961. According … Continue reading
New Disclosure requirements under tax audit with new Form No. 3CD The CBDT has notified Income-tax (7th amendment) Rules, 2014 which substitutes the existing Form No. 3CD with a new form. The new Form 3CD prescribes certain new reporting clauses … Continue reading
Fixed Maturity Plans A Fixed Maturity Plan (FMP) is a closed-ended debt scheme, wherein the duration of debt papers is aligned with the tenure of the scheme. So a one-year FMP will invest in debt instruments that mature in one … Continue reading