FM Nirmala Sitharaman to inaugurate the new tax initiative to begin by IT department and government of India which would bring ease in business and taxation process for public
GST has been a great attempt by the government to formulate a robust taxation system to protect the rights of 1.35 billion Indians against the likely inflation due to the implementation of GST
According to NAA's proposition, Central and State GST officers will have to monitor top 20 suppliers in their regions, create mock purchases and take other additional measures
While both are transparent in terms of their fees, their risk profiles differ vastly, one has to consider a lot of aspects before making the move to invest
It is important to note that if the taxable income exceeds INR 5 lakh, after claiming all the tax-saving deductions, then one has to pay income tax as per the existing rates
India is presently considered the third largest hub for having a large number of startups. Thus, tax liability massively impacts the entire startup ecosystem
These things will weigh in the minds of entrepreneurs when they go out to vote and rightly so because away from the national media limelight it is these key policies which determine the future of our entrepreneurs
A lot of decisions follow the idea of starting a new business. Amongst them, choosing the right business structure for your business is a major one, If you are finding difficulties to lend upon one, you are not alone
How the tax authorities' valuation of startups is supremely ignorant of reality and why the angel tax is discriminatory against private companies and startups