NBFC is an institution under the Companies Act 2013 or 1956 who is basically engaged in the business of loans and advances, equities, acquisition of stocks, debt etc issued by the government or any local authority. The objective behind the NBFC registration is to accept deposits under any scheme or manner.
Overview
To facilitate the various category of taxpayers, the Income Tax department of India has issued seven types of different ITR forms. If you are wondering how it helps, so here your reach ends. the new ITR forms now shift the onus on the taxpayers to prove their claim for the deductions, expenses or exemptions. It ultimately seeks more information from the trusts, taxpayers who opted for the presumptive taxation scheme, investors in shares of unlisted companies etc. This article will surely help you to find the suitable form for your filing. Just have a look below:
Introduction
Running a company together is in no way an easy task, Going through all the legal procedures like Company Registration getting Import-Export License and Trademark Filing etc. along with managing logistics can be a very challenging task. In a way, you can say it is the marriage of the business world.
Your choice should be wise while choosing your business category whether Proprietorship, a Partnership or a corporation. Every kind of activity you are engaged in have some specific advantages and disadvantages. Your home-based business involves choosing the legal structure such as Sole proprietorship, Partnership or Corporation. Apart from the government reporting and tax purposes, choosing a business wisely can enable your business to operate more efficiently.
Of course, we all wait eagerly for the budget every year. Most of the time it brings a big smile to our face or sometimes it takes our anxieties to the toughest level. Some new laws have been introduced in the last year budget. Section 194-IB is the example of such debutante. Earlier, there was only one section that has brought the rent under the umbrella of TDS and it was section 194-I. Now, the most wondering thing is why would section 194-IB brought in when section 194-I was already there. The simple answer is "To widen the tax base".
The Big Buyout
Fall from Grace
Of course, the Stock market’s high and down can be a frustrating moment for new investors but it does not mean that we should take it as a gambling. If we invest without proper knowledge and advice in Equity mutual funds or the stock market, it may sometimes convert into gambling where we will be in a fix what to do and what not to do. Logically, one must take advice from the expert fund Manager to tackle your funds in the stock market. They collect money from investors and invest in stocks.
Biggest Market Players: Demonetization and GST:
The past 2 years of 2016 and 2017 have been nothing short of path-defining years for major changes introduced in the management of finances and taxes in India. The first significant and somewhat controversial of these changes was the note-ban put into action on the 9th of November 2018. Another one of the big changes to the system was the introduction of the Goods and Services Tax (GST) Act on July 1, 2017.
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