Limit for exchange of notes reduced to ₹ 2000 per day & 5 more updates

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Can India sustain the demonetization blow? This has been the hot topic for  countrymen for some days now. The Govt has been coming up with directives, clarifications, relief measures in order to ease the difficulties of the common people. It becomes difficult to keep track of all of these at times. Hence, here are the 5 … Continue reading Limit for exchange of notes reduced to ₹ 2000 per day & 5 more updates

Critical for everyone to know your cash Balance as on 08.11.2016

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Income department has started sending notice u/s 133(6) . The notice under this section enables the income tax authorities to compel Individuals / Companies /AOP /trusts to furnish such information as may be necessary as per the Income tax department. Companies usually follow the trend to complete their accounting at the time of filing of … Continue reading Critical for everyone to know your cash Balance as on 08.11.2016

List of registrations to be done by a business and when?

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In our previous article we have mentioned the list of necessary registrations which are required to start and operate your business in Kolkata. In this article we would like mention the due dates within which such registrations shall be completed by an entity for a smooth and hassle free business. Service Tax- Service provider whose … Continue reading List of registrations to be done by a business and when?

How will Rs 500 and Rs 1,000 note ban impact your business?

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In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective Tuesday midnight. This was one of the boldest movements by the Government of India announced over a 40-minute speech. This scheme has received mixed reactions till now. The majority of industry and commoners alike reacted … Continue reading How will Rs 500 and Rs 1,000 note ban impact your business?

Rs. 500 and 1000 notes banned – here is all you need to know about

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PM Narendra Modi on Tuesday announced scrapping of Rs 500 and Rs 1,000 notes. While there is no doubt that this decision might cause some short term minor hardships, the long term benefits of this historic decision is makes it so worth while. However, the surprise move triggered panic reactions. Here is all what you … Continue reading Rs. 500 and 1000 notes banned – here is all you need to know about

Company Registration process fast tracked through SPICe forms

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Company Incorporation in India witnesses another bold and big initiative in the form of SPICE. SPICE or Simplified Proforma for Incorporating Company Electronically is an initiative by the Government. The Ministry of Corporate Affairs (MCA) unveiled this initiative on Gandhi Jayanti, with the objective of providing speedy incorporation related services within stipulated timelines. This initiative … Continue reading Company Registration process fast tracked through SPICe forms

What to choose? LLP , Partnership firm or Company?

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    Selection of the appropriate form of business depends on many factors such as the type of business, the number of members involved, whether want to have a full control over the business, prefer to share responsibilities, capital requirements, tax regulations and various business liability. Here below is a comparative study between Partnership Firm, … Continue reading What to choose? LLP , Partnership firm or Company?

CBDT asks to pay taxes under dispute resolution scheme ON TIME to get relief

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CBDT today clarified that assessees taking advantage of the Direct Tax dispute Resolution Scheme, 2016, will be required to pay the taxes within the stipulated period to avail the relief under the scheme. “The tax payable under the scheme should be paid to the credit of the government on or before the due date as specified … Continue reading CBDT asks to pay taxes under dispute resolution scheme ON TIME to get relief

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