Personal Income Tax and simplification of taxation 2020-2021
The new tax regime shall be optional for the taxpayers. An individual who is currently availing more deductions & exemption under the Income Tax Act may choose to avail them and continue to pay tax in the old regime. The new personal income tax rates will entail estimated revenue forgone of ` 40,000 crores per
- Published in INCOME TAX
Budget Impact on Startups – #Budget2020
In India 27,918 DPIIT Recognised STARTUPS, Get benefited under startup policy from funding to tax exemption, most of the startup are technology and Internet-based. Start-ups have emerged as engines of growth for our economy. Over the past year, the Government has taken several measures to hand-hold them and support their growth. Employee Stock Option Plan
- Published in Company StartUP Services, startup business, Startup India
eForm INC-20A -Declaration for commencement of business
eForm INC-20A is required to be filed pursuant to Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014, which are reproduced for your reference. Purpose of the eForm Declaration prior to the commencement of business or exercising borrowing powers Is it mandatory to file form INC
- Published in Manage Business, MCA Form
ISO 9001:2015 – Quality Management System
What is ISO 9001? ISO 9001 is a standard that sets out the requirements for a quality management system. It helps businesses and organizations to be more efficient and improve customer satisfaction. A new version of the standard, ISO 9001:2015 Certificate, has just been launched, replacing the previous version (ISO 9001:2008 Certificate). What is a
- Published in ISO Certificate, Manage Business
Startup India Recognition and its benefits
Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship. The main goal of Startup India is to ensure that each startup transforms into a viable business and is able to scale its growth. Keeping this in mind,
- Published in COMPONENTS OF STARTUP INDIA, Starting a business, startup business, Startup India
Private Limited Company Annual Filing & Compliance – 2019 Due date -MCA
As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following eForms with the Registrar of Companies (ROC)Startup and entrepreneurs are very curious to know that if My company have No sales and purchase that I have to file or what are the
- Published in Manage Business
Income tax return filing due date has been extended to August 31 for FY2018-19
Income tax return filing due date has been extended to August 31 for FY2018-19 There are a few things we need to know if we are eligible for filing the income tax return. Indian govt. makes changes in the budget from time to time and we need to get updated with that. Hence, in gist,
- Published in INCOME TAX
GST Registration Trend and Analysis
GST Registration Trend (Aug – 17 till June – 19) IN INDIA The number of registered taxpayers at the time when the GST was rolled out was Rs 65 lakh, which today stands at Rs 1.2 crore, a jump of 84% over the last two years. This shows a significant widening of the tax base
- Published in Goods and Service tax- GST
How to Manage Trademark Objection-Startup Guide
Trademark Objection means, the trademark registry has examined or checked your trademark application and while checking, they have reasons to object the application and ask for clarification on certain points. The registry uploads a copy of Examination Report on their official website http://ipindia.nic.in(trademark application status) and sends a letter to the applicant asking for a
- Published in Trademark Registration
Govt amends rules related to the incorporation of companies -MCA
Changes have been made to ensure more clarity, uniformity, and transparency in approving the names for companies at the time of incorporation The ministry has brought in amendments to the Companies (incorporation) Rules, 2014 The corporate affairs ministry has amended the rules pertaining to incorporation of companies to provide more clarity and uniformity in choosing
- Published in Manage Business, new company registration in india
Role of young entrepreneur in the Indian economy.
Entrepreneurship is an act of starting with new assignment and the associated risks along with the inbuilt responsibilities. It goes beyond just the creation of a new venture to ensure its continuous survival. An entrepreneur is the one who has the will and ability to transform a mere idea or invention into a successful innovation.
- Published in 4th industrial revolution, Starting a business
Is it mandatory to file the DIR-3 KYC of every DIN holders?
As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. DIN
- Published in Manage Business
India enters the era of robots and artificial intelligence!
As India enters the era of robots and artificial intelligence, most companies plan to automate jobs to compete on cost. But will replacing humans with machines really turn India into a global economic powerhouse? A new report suggests that a more effective strategy could be to train its workers for the future, giving them the