Budget 2023: Highlights On February 1, 2023, The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman announced the Union Budget 2023-24. It is the fifth budget of Hon. PM Modi’s second term as the country’s prime minister. Let’s look at some of the budget’s direct tax highlights, overview what it aims to
Are you planning to launch an IPO? Doing so involves various aspects that you should know as a company eyeing public investments. Accordingly, this article overviews the basics like IPO process and IPO eligibility in India. Let’s get started. What is an IPO? As a company planning to go public, you must surely be
Did you know, as a taxpayer, you can claim a tax deduction on the interest you pay on loan borrowed for higher studies for yourself, your children or your spouse under section 80E? And there’s no upper limit on the deduction under this section! If you hadn’t, you know it now. But here are a
Are you looking for information on GST on renting residential immovable property? Then, this article explores various aspects related to it. Per the GST Act, renting out an immovable property would be considered a supply of services. But GST is applicable only to particular rent types, including, When a property is given on rent,
As understood commonly, GST is applicable on import of service, subject to place of supply provisions. But in foreign transactions, the invoice value in the foreign currency remains the same. However, it may change when one converts the value to the local currency. Of course, it is owing to currency value fluctuations. But what
Are you looking for insights on TDS? Then, this article can help. It looks at the meaning of TDS, TDS forms and filing dates, and a few more aspects of TDS. What is TDS? TDS, Tax Deducted at Source, is part of income tax. It is the person who makes the payment that deducts
As per the new income tax rules, those with an aggregate TDS or TCS of INR 25,000 or more during a financial year must file their returns compulsorily. For senior citizens, the amount extends to INR 50,000 or above. The central government has decided to bring more people into the tax database. As per the
Although unregulated, cryptocurrency is picking up pace in India. During the Union Budget 2022, Finance Minister Nirmala Sitharaman announced a flat 30 percent tax on the income and gains earned through cryptocurrencies and the sale of virtual digital assets. An additional one percent TDS also exists on every crypto transaction. Many among India's crypto community
In India, IPOs can form an excellent opportunity for SMEs to raise money and get listed on the country’s stock exchanges. But like every other company eyeing an IPO, SMEs also have a set of key requirements and eligibility norms to adhere to while applying for an IPO. Let’s see what they are for both
ESOP can work wonders if you know how to make them work for your company, regardless of whether listed or unlisted. However, ESOPs work in different ways for both these company types. Let’s glance through both. Employee Stock Option Plan, better known as ESOP in corporate parlance, refers to giving stock options to employees, coupled