What is considered as salary income? section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances?Allowances are fixed periodic amounts, apart from salary, which …
The economies that rank highest in the ease of doing business are those that have consistently well designed business regulation and Singapore is amongst the top 3 countries as per the report of Worldbank. Several Indian startups, although operating in India, have registered holding companies in Singapore to benefit from increased funding opportunities, business and …
Continue reading “Why Singapore is a Hub for Indian Startups?”
On Monday a committee of 5 members has been set up by the government to look into the Angel Tax issue come up with guidelines in one week. Department of Industrial Policy and Promotion (DIPP) on 16th January 2019 issued a notification, which exempt the Startups from Angel tax. Few conditions were laid down in …
Have you ever thought raising money from investors would be easier than convincing income tax official? Have you ever thought you would be collecting Income proof and Net worth of investors? We never thought rising funds would be taxable for those struggling for funds. From past few years startups get notices from income tax department …
