Who doesn’t want a well-flourished business? But as they say change is the law of nature and ups and downs are part of every business. Sometimes, there comes a situation when one has to take the big step and step down from being an entrepreneur and close the business. We all know that Company is…
As date of filing income tax return is approaching, there is a conscious thought in everybody’s mind that how to take maximum benefit of the provisions of Income Tax Act, so as to minimize tax liability for the AY 2021-2022. At present, the qualified youth of the country is mostly employed in service sector due…
GST brought various changes to the taxation scene in the country. From the earlier practice of origin based taxation, GST was destination based tax. GST is a single tax regime for both goods and services. However, just like Service Tax there are two mechanisms to levy tax in GST also, i.e. Forward Charge Mechanism and…
Non-Banking Financial Company (NBFC) is the financial institution which is registered in Company Act, 2013. Activities performed by NBFC are loan and advance, acquisition of shares, debenture, bonds and securities which are issued by the government or by the local authorities. These banks provide activities such as loans against property, shares, various short term loans,…
Being the largest liquid market in the world, Forex opens opportunities for lot of people who wish to invest in it and earn by making rational decisions thus opening avenues for every person in making money who takes keen interest in Forex. Table of Contents What is Forex? Foreign Exchange Trading Capital & Current Account…
Stock Market trading has got a different niche in India. Stock Trading is not only a game of sheer luck however, it takes lot of rise and falls and experience to achieve a comfortable status in this trade. Now, while trading in securities one can choose to retain the securities for a year or even…
If you are thinking to start a finance business, Nidhi Company is one of the ways to proceed with. Nidhi Company is a mutual benefit company dealing with shareholder members and registered under section 406 of the Companies Act, 2013. Nidhi Company is incorporated with the main objective of cultivating the habit of saving. There…
Income Tax Return is a legit financial document. All persons whose Total Income exceeds more than the maximum limit not liable to tax as per Income Slabs are obligated to file the return. Even if your income does not exceed the taxable limit, one should file a return as it is asked for various other…
India is a country with many festivals and occasions, there are many instances where gifts are exchanged to show the love and respect towards near and dear ones. Sometimes gifts are given just to hide certain exchanges in the garb of gifts and avoid tax implications on such transactions. Provisions were introduced in Income Tax…
Goods and Service Tax Network (GSTN) introduced and established the web platform called GST Suvidha Provider (GSP) to help the taxpayers to comply with the provisions of GST. In simple words, GST Suvidha Provider helps various companies to file GST returns and streamline the data for greater comfort and security for registration, uploading forms, invoicing,…