Category Archives: Accounting & Auditing

Presumptive Taxation Scheme of 44AE

The scheme of section 44AE is designed to give relief to small taxpayers engaged in the business of plying, hiring or leasing of goods carriages. Eligible taxpayer and eligible business for the purpose of the presumptive taxation scheme of section 44AE Every person... read more

Presumptive Taxation Scheme of Section 44ADA

Section 44ADA is the newly inserted section and it will take effect from 1st April, 2017. It will apply in relation to the assessment year 2017- 2018 and subsequent years. For whom is the presumptive taxation scheme of section 44ADA designed? It is designed to give... read more

How does a Foreign Entity provide loan to Indian Company?

Brief Guidelines of FEMA with respect to Foreign Loan availability for Indian Corporates, along with restrictions as prescribed by RBI have been laid down below Borrowings in Foreign Exchange   External Commercial Borrowings Trade Credit Particulars Automatic Route... read more

How to do Business in India

There are different forms of business entities that you can set up in India. A brief description of each along with their main features have been given below. Sole Proprietorship : The sole proprietorship is the simplest business form under which one can operate a... read more

How Start-ups stand to gain from Budget 2016

The Finance Minister, in his budget speech, has proposed many incentives to encourage entrepreneurship in India. Some of the tax measures which will be beneficial for new start-ups are as follows- 1. Optional lower tax rate for newly setup manufacturing companies: In... read more
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