Author: myanmol_master

Estimation of Tax Liability for LLP, Advance Tax Due Dates and Payment

Calculation of Book Profit and tax liability Limited liability Partnership is a new concept in context of India. However, the tax provisions relating to LLP are similar to registered partnership firms. The accounts of registered partnership firm/LLP are maintained like other business firms. All the expenses relating to the partnership firms are booked within the permission limit of law.

Advance tax and Self-Assessment Tax

For Individuals, there are two types of tax that you might have to pay before submission of your return as on 31st July 2017: Advance Tax If you have annual tax dues of more than Rs.10, 000, you must pay income tax in advance. Usually, for the salaried, these income tax payments are taken care of via TDS deductions by employer. Due Dates of payment of Advance Tax for FY 2016-17 For Individuals On ...

Any High Value Cash Transaction in Bank Account? You May Receive a Notice by the IT Dept!

Firstly lets understand what is a High value cash Transaction? With an aim to curb black money mess and to track high value cash transactions, the government has decided to implement new reporting guidelines w.e.f November 2016. As per the govt’s notification, all goods & services providers have to report to the IT department about high value cash transactions & cash receipts. Under the ne...

Understanding Demonetization

Why Demonetization? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based eco...

Tips for a Woman’s Secure Financial Future

Women’s Day Special –Tip #1 for a Secure Financial Future Save regularly for a rainy day Women’s Day Special –Tip #2 for a Secure Financial Future Do not shy from taking risks Women’s Day Special –Tip #3 for a Secure Financial Future Be more involved in family finances Women’s Day Special –Tip #4 for a Secure Financial Future Value yourself adequately in the job arena   Women’s Day Special –T...

Importance of Financial Stability for a Start-Up Employee

Risk – that’s something that is prevalent in anyone’s life.  Whether you work in the bottom most part of the pyramid or the top most part of the pyramid (it’s not too long back that a Mistry was told Tata). But, more importantly, in the current blooming era of “START-UPS”, the element of RISK is larger.  Yes, a startup life is exciting, challenging, it’s a different path that you have taken and ar...

Busting the Myths of Investment

When the word invest comes to your mind, it kind of sounds really intimidating. But it’s not that tough as it seems to be. There are certain myths that every individual digs up in his mind which procrastinates or rather stops him from investing. The first and the most common myth that people believe in is that it’s really hard to even start an investment because they believe investing is only for ...

How Frequently Would It Be a Good Idea for You to Switch a Property Venture?

Is it worth changing with one property investment then onto the next apparently better one? Consider these components, before settling on a choice.

Save & Invest

Big Idea: “Save Regularly and Start Saving Early” Saving puts you in control > To have choices in life Investing gives opportunities > To make your money grow 1.Why save? The reasons to save are many. You…

MCA Update Regarding Increase in Limit of Remuneration Payable

All in all, investors know about the market and the circumstances and pay special mind to an exceptional deal, which urges them to switch their venture.

What’s the Perfect Time to Switch a Property Venture?

All in all, investors know about the market and the circumstances and pay special mind to an exceptional deal, which urges them to switch their venture.

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