Income Tax

Income tax department let’s ‘deserving’ assesses to pay up 20% tax demand in parts

An EMI scheme ( installments ) for India’s ‘deserving’ taxpayers. What does the taxman do when the money market dries up and businesses struggle? It tries to figure out a

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Budget

Budget 2020: Three things Nirmala Sitharaman needs to watch out for

Budget 2020: Three things Nirmala Sitharaman needs to watch out for Government must realize that without a revival in consumer demand, investor sentiment which is at its lowest in six

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Finance

Government to de-criminalise Income Tax Act, anti-money laundering law: FM Nirmala Sitharaman

The government has already identified the statutory changes to be made in the Companies Act to decriminalise income tax act several procedural lapses The minister assured that the government is

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Budget

Nirmala Sitharaman likely to set realistic nominal GDP target at 9.5-10%

Revenue estimates and fiscal deficit targets are also likely to be circumspect as not to face a situation of failing to meet them The PMO, which is closely associated the

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Economy

Government may include off-budget spending for a clearer picture

The Centre could include a host of off-budget spending and other government liabilities on its books to give a clearer picture of finances though this could raise the fiscal deficit

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Budget

Budget 2020: No tax on SCSS! Full rebate on Senior Citizens Savings Scheme

SCSS account Budget 2020 expectations: The SCSS account matures in five years, but it can be extended for three more years after maturity. SCSS Account Budget 2020 Expectations:  SBI Research has suggested

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Money

Use mAadhaar app to avail these services. Check list here

The new mAadhaar app provides a host of services mAadhaar app is available for both Android and Apple users The Unique Identification Authority of India (UIDAI), through its new mAadhaar

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Company Law

All about Dormant Company: Meaning, Compliance, Process

Section 455 of the Companies Act 2013 read with Companies (Miscellaneous) Rules, 2014 stipulate the provisions pertaining to “Dormant Company”. Where a company is formed and registered under this Act

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Economy

Procedure for Import Export Code (IEC) Registration

An IEC is necessary for Import or Export of goods. The first requirement before you start an Import or Export business in India is to obtain an IEC Code is unique

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GST

Tax reforms: Get over GST compensation obsession, focus on reforms by states

Can India focus on tax reforms by states instead of being obsessed with GST Compensation? For the first time since July 2017 the finance ministry has released state-wise data of

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