Introduction The Income tax calculator is an easy-to-use excel sheet tool that helps you estimate your taxes based on your income after the Union Budget is presented. We have updated our tool in line with the income tax changes proposed in the Union Budget 2020-21. Income Tax Slab You will be required to pay a […]
Monthly Archives: May 2020
What is a co-operative society ?
Introduction A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. A co-operative society is another means for forming a legal entity to conduct business besides forming a company. It pools together human resources in the spirit […]
What is SEBI?
Definition Securities and Exchange Board of India (SEBI) is a statutory regulatory body entrusted with the responsibility to regulate the Indian capital markets. It monitors and regulates the securities market and protects the interests of the investors by enforcing certain rules and regulations. SEBI was founded on 12 April 1992, under the SEBI Act, 1992. […]
What are Mutual Funds?
Definition A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual Funds are managed by Asset Management Companies (AMC) which need to be approved by SEBI. A Custodian who is registered with […]
Legal & Allied Services
Legal & Allied Services The Indian Lawyer & Allied Services consists of Lawyers, Solicitors, Chartered Accountants, Business Management Consultants, Taxation Advisers and Risk Management Consultants, who are professionals with a high level of commitment and integrity. They support their client for the services. All businesses must have contracts in place for every deal they enter […]
Registration & Licenses
Registration & Licenses All businesses need one government registration or another, while nearly all require multiple registrations. For example, even air-conditioned restaurants need both service tax registration and VAT registration, depending on turnover and location, in addition to a Shops & Establishment License. Indirect taxes are those that are collected from customers by suppliers on […]
What is a startup
Definition of a startup Start-up means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding Rs.25 crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not […]
What do you mean by Board of Directors
A board of directors is a group of people who jointly supervise the activities of an organization, which can be either for a profit business, nonprofit organization, or a government agency. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. A board of directors is a team […]