Need of Tax Consultant for Tax Planning Tax forms a significant part of every company’s compliance. However, it is an intricate aspect that demands meticulous planning, a careful study of tax structures, filing returns, and performing many other tasks. Honestly, you need an expert, precisely, a tax consultant to plan and manage taxes efficiently.
Export Incentive Schemes What is SCIPS Exim/Duty Credit scrips are scrips given to exporters as “incentives” by the Government of India. While Merchandise Exports from India Scheme (MEIS) scrips are given for goods exports, Service Exports from India Scheme (SEIS) scrips are given for services exports. The value of the scrips are a percentage
4 Steps for NRIs on How to File Income Tax in India NRIs are required to pay tax on income earned, accrued, arisen, or deemed to be accrued or arisen in India. This article will look at the four steps involved in filing income tax for NRIs in India. How to File Income Tax
After the March 2022 deadline for filing Income Tax returns, Pan-Aadhaar linking final date was extended to March 2022 The central government has extended the deadlines for PAN-Aadhaar link extension as a significant relief to those affected by the covid 19 pandemic. It increased the last date for filing income tax, but this was
What is New in Form 26AS and How it Impacts Taxpayers? The Central Board of Direct Taxes (CBDT) recently ordered the incorporation of various new financial details in Form 26AS under the Income Tax Act 1961. The new details include purchases like mutual funds, foreign remittances, etc. Of course, there’s much more to the
VALUATION FOR STARTUPS Young and Start-Up Companies usually are small, they represent only a small part of the overall economy however they tend to have a disproportionately large impact on the economy for several reasons like Employment, Economic Growth, Innovation, Increased flow of foreign money, Decrease of Imports, Increase of Exports, etc. Valuing companies
Foreign direct investment (FDI) is an important source of non-debt finance and hence a factor in the economic development of a country. Apart from supplementing domestic investment, it brings with it internationally available technologies, managerial skills and practices, and new employment opportunities. Although India has been a preferred destination for foreign investors for long, the
Highlights of FM Press Meet dated 24th March 2020 GST Due date extensions - The due dates for GSTR-3B for March 2020, April 2020 and May 2020 is extended up to 30th June 2020 for those with an annual aggregate turnover of up to Rs 5 crore. The due date for filing annual returns are
Customers and money are two things that fuel every business. But, having money alone doesn’t suffice. There are several factors and risks that revolve around money. So, you need someone who can manage your finances at the enterprise level, and maintain the financial health of your organization. No, we aren’t referring to hiring an accounts
It’s shocking to discover a fraud suspect in your company. But, you should know what to do after suspecting it. It will help you minimize damage, and prepare you for its effects on 0your business. So, here are the 5 steps you must take after suspecting a fraud. Step-by-Step Guide to deal with a Fraud
