Tax rate on restaurants in old regime: In context of restaurants ,range of VAT rate was generally between 12.5-14.5 per cent as per the individual State VAT laws and rate on service tax on restauran
Online Information Database Access Retrieval Services (OIDAR) is a category of services provided through the medium of internet and received by the recipient online without any physical interface with
Running a startup effectively requires overseeing a range of tasks that need to be performed both regularly and effectively. For startups with multiple staff, payroll is one of the most costly and tim
The AEONIAN 2017 event enables all startup attendees to meet leading SMEs as well that complements the occasion. We would like to announce our association with #startupindia, Digital India, MSME Minis
It’s not your fault. And you’re not alone. When you start your own startup, you don’t put debits and credits at the top of your priorities. After all, keeping your records organized is not your
As payroll and HR experts, majority of the questions we’re asked by our clients revolve around Provident Fund (PF) formalities. The compliance norms and best practices pertaining to PF have always
A place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance, made
Advance Taxes Referred to as ‘Pay-As-You-Earn’ taxation. Everyone does not have to pay advance tax. It is only applicable on sources of income other than your salary. This includes earnings thro
Eligibility for LUT in place of Bond 1. Applicable on all kind of Suppliers 2. Registered Suppliers 3. Has not been prosecuted for any offence under the Central Goods and Services
GSTR 3B is a simpler return that businesses need to file in the first two months of GST (July and August, 2017) instead of the normal returns – GSTR 1, 2 and 3.Under GST, a registered dealer is requ
Statutory compliance in HR refers to the legal framework which organizations must abide by with respect to the treatment of their employees. Most of your company’s time and money goes into ensuring
Government approved amendments to the Bonus Act, 1965 raising the limit for calculations of bonuses. More so, it has also made this act applicable from April 1st, 2014. This implies a “retrospective
Payment of rent to a resident for land and building exceeding INR 50,000 per month is liable for tax deduction. Payment of rent paid or payable after 1st June 2017 are covered only.
The Maternity Amendment Act 2017 is a progressive step in today’s need of women at work and inclusive of maternal and the child health care issue. The Analytical scrutiny digs to safeguard the socia
With India becoming GST ready, there is a dire need for startups (or SMEs) to understand the core concepts of the lawand its practical application in their businesses. Stakeholders of the startup ecos
An LLP is governed through Limited Liability Partnership Act, 2008 the entity gets its legal recognition itself.: It is very simple to incorporate an LLP, as the process is very apt and smooth as comp
Goods and Service Tax is being glorified as a system of taxation by which economy will take an upward swing and further it will ease the trade and industry with respect to the indirect tax system of t
Parents are normally the ones who teach their children about savings and financial planning. As parents themselves start to approach old age, it becomes their children’s responsibility to guide. You
You may not be able to predict or control some aspects of the future, but you sure can take the necessary steps to control its impact. In case of any kind of emergency, an accident, if you become inca
With just 4-days left for the goods and services tax (GST) rollout, the government has deferred implementation of Tax Deducted at Source (TDS) and Tax Collection at Source (TCS) provisions as well as
If you thought you pay tax based on what your CTC is, then you wouldn’t be the only one, but you’d be kind of wrong. You see, the income tax department speaks a different language altogether. The
Section 139AA of the Income Tax Act as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar number, for applying PAN & filing income tax return with effect from 1st July, 2017
GST has biggest tax reform in the Indirect taxation history, hitting the several tax rates and compiling the all indirect taxes under one roof by centralising the governments motive “One Tax, One Na
Over the past few years Kerala government has focused on building a Startup friendly Eco system. It is the first and probably only state to have a written down policy on startups. There are several go
A major issue faced by Start-ups is retaining employees- which is indirectly associated with lack of employment documentation and related records. It is a common practice of startups to take employmen
A startup gains success through a perfect amalgamation of an excellent idea implemented through careful and logical planning. Startups involve a great amount of risk and in order to come out with fly
Changing a company’s name is not an easy job! Not only does the brand risk its existing market but the uncertainty of the target audience not connecting to the new name is stressing. But, no matter
With the Budget Highlights in February 2017, a move towards restricting the House Property Loss set off against income in other heads was initiated with a clarification that the owner can set off loss
Where consideration for transfer of share of a company (other than quoted share) is less than the FMV of such shares determined in accordance with the manner to be prescribed, the FMV shall be deemed
India finally enacted its law on prevention of sexual harassment against female employees at the workplace. The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressed)...
Most of the time the women entrepreneurs struggle with the lack of the right business idea. On initial level women entrepreneurs hardly got the earth to their right following ideas.
In today’s world we live, each individual has many expectations to fulfill, be it office, family, health, society, friends etc...
All mutual funds have two plans – Regular and Direct. Direct plans give higher returns every year because investors do not have to pay commissions.