27 Dec, 2018

Income tax exemption for Startups

The government of India has launched ‘Startup india’ initiative on 2016 to build strong entrepreneurship. As a p...

26 Dec, 2018

Private Limited Company has one of the bes...

  Purchasing of own shares (Buyback of shares) at higher value is a popular method of distributing profits. One ...

25 Dec, 2018

Hindustan Unilever (HUL) was not passing o...

The GST anti-profiteering watchdog, National Anti-profiteering Authority (NAA), on Monday imposed a fine on consumer goo...

24 Dec, 2018

Genuine startups will not be taxed

On Wednesday government said startups would not be harassed if they receive consideration more than its fair price o...

18 Dec, 2018

Gifts from relatives are not taxable but i...

We all know, if value of gifts received is more than Rs.50,000 a year, then such amount is taxable in the hands of the r...

18 Dec, 2018

Do you pay Rent to your parents to claim H...

Most of you must be aware that if you are residing in a rented accommodation and your company is giving you HRA as a par...

18 Dec, 2018

Situation when Income of Wife is clubbed w...

By proper planning you can file separate income tax return of both Husband and Wife. Under the income tax act husband an...

15 Dec, 2018

When bank can share your financial details...

It often said that how income tax department (ITD) came to know about my transactions done through banks. Did you ever h...

15 Dec, 2018

Share valuation methods as per Income Tax Act

Before getting funds from Angel investors, either you need to get your business valuation done or investors do it yourse...

14 Dec, 2018

Paying Salary to Partner is not always bus...

Being an employee everyone wants consideration for their efforts; similarly partners want remunerations for time the...

13 Dec, 2018

Loan & Advances paid to shareholders ...

Dividend is a sum of money paid by company out of its profits to its shareholders. Dividends are decided by board of dir...

12 Dec, 2018

Tax planning through Hindu undivided famil...

This might sound to be impracticable in real life, but it is not so, as this is made possible in actual practice by prop...

12 Dec, 2018

What is the main compliance which most of ...

Today lots of websites are there to incorporate your company. They take required documents over the email and in few day...

12 Dec, 2018

Using Co-Working Space? Let’s see ho...

Initially freelancers and startups are worried for their fixed cost. Which are Office Rent, Employee Salary, etc. Everyo...

12 Dec, 2018

Do you pay Income tax for advertisement se...

In 2016 Finance Act has introduced a tax called ‘’Equalisation Levy” in Income tax act mainly to cover transaction...

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