Blogs
Investing Tips
Something is always happening in the international financial markets that can cause people to advise others not to invest at particular times. There is always some fear around and it isn’t necessarily helpful to buy into all that. At the end of the day, we keep our money in the bank and don’t have any […]
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Filing Tax Returns for Individuals and Businesses
Steps for businesses to file tax returns: Put together all the relevant information.Get all your documents together: last year’s business return, partnership agreements, all accounting records, bank and credit card statements, payroll, any assets purchased, any vehicle data.Get your last year’s return. It will contain important information that can help you with filing this year’s return. […]
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Rental payment to non-resident – Tax implications
Rental payment to non-resident – Tax implications Provisions of Income-tax Act, 1961 (“the Act”) Any person responsible for paying to a non-resident, any other sum chargeable under the provisions of this Act shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in […]
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ESOP – Taxation in India
ESOP – Taxation in India Introduction Retaining and keeping the employees highly motivated is of utmost importance to any organization. There are various strategies adopted by Companies to do so. One of the many strategies is issuing stock options. SEBI has formulated the Securities and ExchangeBoard of India (Employee StockOption Scheme and Employee Stock PurchaseScheme) […]
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Expatriate
Expatriate Who is an Expatriate– Expatriate is one who left his/her home country and moved to the other country for work during the year. It can be in two ways one who comes to India is called Inbound employee and who leaves India for the purpose of employment called as Out bound employee: Importance of Residential status in India: […]
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Date of acquisition for capital gains in case of sale of residential property
Date of acquisition for capital gains in case of sale of residential property Real estate has been the most dynamic and evolving segment of the economy. In the erstwhile era, while our forefathers would purchase and immediately register the property in their name. However, in the present era, the property is purchased and the installments […]
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Mutual Funds
Mutual funds have become a very popular and effective way for investors to take part in the financial markets in a simple, low cost manner, while muting risk characteristics by branching investments out into different securities, which is also called diversification, which is a main part of an individual’s investment plan. A mutual fund is one […]
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How to Become Financially Free
Financial advice is everywhere. But despite that, many people struggle to manage their finances. Many people assume that obtaining more money will solve their problems, and while that may hold true for some, most of us can agree that we do have adequate money to support our daily needs such as food, water, and a […]
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Futures and Option – Taxation
In the quest of alternate source of income, individuals tend to enter into derivative markets. The most favorable option is futures and options. It becomes crucial to understand the income-tax laws pertaining to income earned from trading in futures and options. Gains or losses from trading in futures and options are taxed under the head income from business […]
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Presumptive Taxation – Section 44ADA
Concept of presumptive taxation provides small businesses and professionals, a simplified taxation mechanism, wherein the tax payers are exempted to maintain books of accounts and pay taxes on the gross receipt basis. This taxation mechanism was brought about to facilitate the ease of doing business in India. In the year 2016, specific provision was introduced to […]
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