The introduction of an International Trade Settlement Mechanism in the Indian Rupee (INR) will expand India’s trade with countries facing shortage of the American dollar. It can also arrest the slide in the value of the INR against the United States dollar and pave the way for the INR’s acceptance as a global currency. The…
The Export Promotion Capital Goods Scheme (EPCG Scheme) was launched in the 1990s to facilitate the import of capital goods with the aim to enhance the production quality of goods and services, thereby, increasing India’s international Manufacturing competitiveness. This is a scheme relating to the import of capital goods at Zero duty. The benefit of…
Currently, Bitcoin is one of the most sought-after cryptocurrencies worldwide. As the industry is constantly evolving, India is still in the early stages of development and is slowly catching up. Individuals interested in cryptocurrencies should educate themselves on the asset class before investing. In this write up we will tell you about the ways how…
The Government of India has launched the Interest Subsidy Scheme (ISS) for farmers by providing loans to them at a subsidised interest rate. Farmers can get short-term crop loans up to Rs. 3 lakh at an interest rate of 7 percent for one year under the interest subsidy scheme. In this article, we take a…
Foreign Direct Investment (FDI) is a significant source of funding for India’s economic growth. Following the crisis of 1991, India began its economic liberalisation, and FDI has steadily expanded since then. India now ranks first internationally for greenfield Foreign Direct Investment (FDI) and is a member of the top 100-club for ease of doing business…
India is a religious and devout country. India has a long tradition of using charitable gifts to achieve spiritual fulfilment for good deeds. Individuals from all over India have made monetary and in-kind contributions to various trusts, NGOs, charity organisations, temples, and other institutions, sometimes out of compassion and sometimes out of religious conviction. Also, many…
With the goal of ensuring timely compliance and submission of returns, the government enacted Section 234F, which became effective in fiscal year 2017-18. Late fines are assessed when returns are not filed on time. The deadline for filing returns in unaudited instances is July, and the deadline for audited cases is October. If a taxpayer…
Income tax department has now launched Faceless tool for income tax appeals. Under the facility, all cases will be completed face-to-face in an anonymous environment, except for appeals involving tax evasion, serious fraud, black money, international tax and special investigation. Let us discuss the common issues, solutions, and suggestions for improvement of functioning of NFAC….
The SMEs in India, too, realize this and business owners are cognizant that to stay on the top of the game, they will have to expand their business beyond the domestic market. Nonetheless, setting up your business and building it into a global brand is not an easy task. There is a specific process to…
Any Investment plan has its own advantages, be it for a short term or long term. Investors are usually keen on investing in Mutual Funds because of the risk management. However, needless to say, these investments also come with some disadvantages. This article talks about the advantages & benefits of mutual funds. Table of Content…