Neeraj Bhagat & Co. - Page 21 of 22 - Chartered Accountants

April 8, 2020 / Goods and Services Tax (GST)

GST Council Fixes Rate Structure: All You Need To Know About The Extremely Complex Tax Reform.

The country moved one step ahead in realising the GST dream when the GST council on Thursday decided to fix a four-tier rate structure for the reform touted to be the biggest after the economic.

While the structure and decisions taken have been welcomed by a section of industry and experts, it had its share of criticisms.

Food grains will be zero rated to insulate people form inflationary pressures in Internal audit firms in Delhi.

However he clarified that …

April 8, 2020 / Business

Approaches to Business Valuation

Valuation is an important part of litigation in Mergers & Acquisitions and involves an element of subjectivity that often gets challenged. More so, as in India, there are not many regulatory standards for business valuation specifically for unlisted and private companies, so in many cases the valuation lacks the uniformity and generally accepted global valuation practices. Even limited judicial guidance is available over the subject in India. Further, absence of any stringent course of action and non-regulation under …

April 8, 2020 / Goods and Services Tax (GST)

Is GST in India a Game Changer.

The Government’s plan to roll out Goods and Services Tax (GST) from April 1, 2017, has moved an inch closer to reality with the Hon’ble President Shri. Pranab Mukherjee signing the Government’s flagship GST Bill Recently . The much-awaited GST now becomes a law with President signing the GST Bill after more than 16 States (BJP-ruled Assam being the first one) ratified it in chartered accountant firm.

The introduction of GST is expected to not only make the …

April 8, 2020 / Goods and Services Tax (GST)

Centre States Make Headway On Key GST Issues.

A meeting of the empowered committee of state finance ministers convened by finance Minister Arun Jaitely also agreed to include in the constitutional Amendment bill the mechanism of compensating states for any loss of revenue in first five years of GST subsuming all indirect taxation firms in India levies including VAT.

Making headway on the long pending Goods and services tax auditing firm in delhi (GST) bill the centre and states have agreed on the principle that the tax rate …

April 8, 2020 / Business

Why Hiring a Business Registration Consultant is Safe for us

Registering a business is not an easy task because it requires knowledge of all the rules and regulations required to set up a business. If you are going to start your own business then the first requirement is business registration. It is likely that you are unaware of the process. It can be very difficult for you to comprehend all the procedures on your own. This is where chartered accountants can be quite helpful and aid you with the registration …

June 12, 2018 / Taxation

Income Tax Returns Activated For E-filing

E-filing of taxation come for all class of filers for the assessment year 2016-17 has been operationalized.

“All ITRs as well as ITR half-dozen and ITR seven for AY 2016-17 square measure on the market for e-Filing,” the taxation Department aforesaid. The various class of ITRs were operationalized in an exceedingly phased manner beginning Apr two.

The Central Board of Direct Taxes (CBDT) had notified the new forms on March thirty and ITRs is filed until the stipulated point of …

June 12, 2018 / Taxation

IT Department Introduced Aadhar and Net Banking e-filing System

It will be a boon for taxpayers because the tax Department has activated the Aadhar and web banking-based e-filing verification system for taxpayers to file 1st charm before a tax officer. The tax Department has reduced the interface between tax-payer and tax man by activating this facility on the official e-filing portal.

One Electronic Verification Code is wont to validate one type regardless of the assessment Year. ECV are going to be hold on against the PAN Card and alternative …

April 8, 2020 / Companies Act

Things you should Know before Registering a Company in India

We all know that running a business successfully is not a child’s play as there are so many activities need to be managed in a synchronized manner in order to expect fruitful results. People who take care of all activities achieve success at later stages while others will suffer the consequences like unit shutdown.

As setting up a business is an uphill task, one should follow the required process of company formation carefully. Most of the businessman starts doing business …

June 12, 2018 / Taxation

Government needs to come clear on new tax ‘equalisation levy’

The finance minister in his budget for 2016-17 announced the introduction of a new tax called ‘equalisation levy’ on the online advertisement revenue of non-resident companies from B2B transactions. The Finance Bill, 2016, has proposed to insert a separate Chapter VIII in the bill titled ‘Equalisation Levy’ to provide for a new levy of 6% on a non-resident, on the consideration for any “specified service” received or receivable of Rs 1 lakh or more in any previous year from a …

March 13, 2021 / Foreign Investment

Where should an NRI Invest to earn Secured, After-Tax return?

NRE Bank FD or Money Market (Liquid) Fund?

NRE Bank FDs have always been considered the best investment product for NRIs to earn SECURED, TAX-FREE return in India. NRIs have poured in BILLIONS of dollars in NRE bank deposits to generate Secured tax-free return in India. However, with change in global compliance and reporting requirements to report foreign income and increasing currency risk of rupee (INR) depreciation, it is not that crystal clear any more.

Let’s understand it with an …