The interest among Indians to buy shares of companies listed in the US has been on an uptrend. A lot of people are now interested in buying shares of companies like Google, Facebook, Tesla, Intel, Microsoft etc. These are companies...
Best HR Management Systems in India Read More
Human Resources are an integral part of any organization. It is essential to properly take care of the human resources for the organization to be successful. At the same time, managing human resources may turn out to be a tricky,...
Udyog Aadhaar: 25 Benefits of Registering Aadhaar for your Business Read More
What is Udyog Aadhaar? Udyog Aadhaar (also called as Aadhaar for Business) is a unique 12-digit Government identification number provided by the Ministry of MSME for the small and medium enterprises to register themselves as MSME. Unlike other business entities,...
Submit LUT for Exports without payment of GST (Updated) Read More
Export sales are considered as a case of Inter-state sale under GST and are therefore covered under the IGST Act. As per the IGST Act, the export of goods and services can be conducted under the following 2 possible ways:-...
Why is Cess and Surcharge levied separately? Read More
The Constitution of India grants the power to the Union to raise revenue by levying cess. Article 270 of Constitution of India states that the Government can collect tax in the name of cess for generating revenue but it shall...
Special Provisions for Tax on sale of Shares/Mutual Funds by NRI Read More
When a NRI invests in the stock market of India, he is subject to capital gain tax on the profit earned through trading done in India. There are two types of capital gains applicable in India: Short Term Capital Gains...
E-Way bill GST implementation: Are the businesses prepared for GST E-Way Bill? Read More
One might wonder about the reason of early implementation of E-Way Bill because initially the government had planned to introduce it from April 2018. But instead in the GST council meeting the E-way bill was re-visited and the rules for...
What is Take Home Salary and How to increase take home salary? Read More
Take home salary is the amount received by an employee after subtracting all the deductions from his package or CTC (Cost to Company). The formula for computing the take home salary is Take home salary= Basic Salary + Allowances – Deductions...
Tax on Property Transaction below Circle Rate: Sec 50C, Sec 56 Read More
This article highlights the income tax treatment on purchase/sale of a property below the Stamp Duty Value under Section 50C & Section 56(2)(x). Before the explaining the treatment, lets first understand the meaning of Stamp Duty Value. Circle Rate/ Stamp...
7 Special Tax benefits for Senior Citizens – Updated Read More
The Indian Income Tax Act gives certain tax benefits to Senior Citizens and also tries to ensure that income tax e-filing is a hassle free process. The complete list of all the tax benefits available to senior citizens is compiled...