Why should every entrepreneur care who is the new RBI Governor?

Recently the Government has announced the name of Dr. Urjit Patel who shall succeed Dr. Raghuram Rajan as the new RBI Governor. Dr. Patel has been entrusted with the job of carving the monetary policy of the country. All the Industrial bodies like the FICCI, CCI have hailed the move and now eagerly wait how … Continue reading Why should every entrepreneur care who is the new RBI Governor?

5 steps to make business compliance easy and avoid tax bumps

Starting a business requires effort. However, maintaining a business requires a much bigger effort. Our business is going nowhere or we are just in the launching phase. Here, any expense which does not directly revamp or catapult our business seems to be a worthless one. We are always bogged down with the feeling that this … Continue reading 5 steps to make business compliance easy and avoid tax bumps

Alok Says….Non-compliance is like a cancer for your business

Alok Says….Non-compliance is like a cancer for your business. Tax and regulatory compliances have always been a scare point for most businesses, especially startups. And it is human nature in general, we tend to avoid what scares us, try to bypass it. Same is the case of businesses. In a way, big businesses who have … Continue reading Alok Says….Non-compliance is like a cancer for your business

Non-Compliance can really screw your business

      “Non-Compliance can really screw your business. There is no challenging that. Yes, some non-compliances might not impact your business from Day 1. Some will not impact for first few years. But ultimately, there is no escaping its clutches. It grows like a malignant tumor, spreading its roots deep…gradually killing your business day … Continue reading Non-Compliance can really screw your business

6 reasons why Start-ups should hire Compliance Manager during Investment

A common mistake that many entrepreneurs make is that during investment they do not make necessary compliance or leave the compliance to a traditional CA Firm who has little idea of the nuances of investment market. This creates humongous problem for that start-up in the long run and hampers the growth potential of the business. … Continue reading 6 reasons why Start-ups should hire Compliance Manager during Investment

Why you should register your start-up as a Private Limited Company?

Many of the local consultants in India talk about avoiding registration of company. They state that the registration and compliance cost of a company are huge and hence the start-up should register itself as Sole Proprietor and not as a Private Limited Company. However, what they ignore is that there are various long term advantages … Continue reading Why you should register your start-up as a Private Limited Company?

Goodbye Angel Tax – Section 56 (2)(viib)

Most Startups receive funding by way of equity investments not based upon current valuations but based upon the future of the startup foreseen by the investor, based upon his investment acumen. Section 56 (2)(viib) of the Income Tax Act, imposes taxes of 30.9% under ‘Income from other sources’ on a Company for receiving money exceeding its Fair … Continue reading Goodbye Angel Tax – Section 56 (2)(viib)

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