AI (artificial intelligence) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning and self-correction, not only based
TDS on rent will be deducted under section 194I only if it has been paid or payable under a lease, sub lease, tenancy or any other agreement
Retirement fund body EPFO (Employees’ Provident Fund Body) has made it mandatory to file online claims for provident fund withdrawals above Rs. 10 lakh, taking another step towards becoming a paperl
Gratuity Act is a statutory benefit paid to the employees who have rendered continuous service for at least five years. It is a lump sum amount paid to an employee based on the duration of his total s
PFO hikes life insurance for EPF-covered employees from Feb 15, 2018 The Employees’ Provident Fund Organisation (EPFO) has enhanced the minimum assurance limit under its Employees’ Deposit Li
Not prior to seven years, however for Biotechnology Startups not prior to ten years, ·With annual turnover not exceeding INR 25 crore in any preceding financial year, and ·Working towards innovati
New Delhi, 12th February 2018: Providing a single platform of networking Startup buddy Conclave has taken a huge step in the contribution towards entrepreneurship. More than 100 investors, 300 startup
Union Budget was received with mixed emotions. On one hand Finance Minister proposed to reintroduce Standard Deduction of Rs 40,000/- which will be deducted from taxable income of employees to bring s
On the occasion on 69th Republic day, Government of India has launched Government Process Re-engineering (GPR) initiative for making incorporation process speedy and simple. Earlier MCA introduces
IT Department feels that marketing cost (discount) should be treated as Capital Expenditure and not to be deducted from revenue.
The 25th GST council meeting was held on 18th January, 2018 in New Delhi. The following recommendations have been made by the GST Council:
E-Way bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another place and beyond a distance of 10 km.
Auto transfer of provident fund while changing jobs will be initiated only after the first payment of the new employment is received against the UAN flagged for such transfer.
It’s not uncommon to see that employees may need help financially and most companies help out by giving out salary advances or loans to their employees. Hence, it’s important to consider a few th
To help you stay on top of everything related to compliance and HR in 2018, we have put together the calendar highlighting all of the key dates and deadlines for compliance related activities for anyo
The Company amendment bill is passed by Rajya Sabha on December 19, 2017 and by Lok Sabha on July 27, 2017, which shall come into force on getting the President Assent:
Limited Liability Partnership (LLP) was introduced in India through LLP Act, 2008 to help small entrepreneurs with the advantage of self-governance and less compliances.LLP is a corporate body and gra
GST in its way as adopted by Indian Government and public of India from July 01 2017 has been pass through various changes and amendments through various council meetings.
The biggest dilemma for a startup before approaching investors is about valuating their business. It creates confusions and risks of under-valuating or over-valuating your enterprise.
What is in a name….? Shakespeare once said. Well in today’s age it could be a few millions or billions of dollars. So a question that often comes in the mind of a startup/entrepreneur generally is
Once the Company obtains the certificate of incorporation the Statutory Auditor will be appointed within 30 days of incorporation by the board of directors by convening a meeting.
Startup Buddy & 286 Media is delighted to invite you to be part of First "Startup & Advertising Expo India 2018" scheduled on 22 January 2018 at "The Lalit New Delhi". An event to showcase wide range
What is Bitcoin ? Bitcoin is a type of crypto currency which is neither issued by any Central Bank nor backed up by any Government. It was created in 2009 by an unknown person using the alias, Satos
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.