Top SIP investment strategies for young professionals starting out For many young professionals stepping into the workforce, the idea of investing can feel distant—something to consider later, once expenses settle or income rises. However, this stage, despite its modest cash flows, presents a unique opportunity: time. And when it comes to long-term investing, time can …
INSURANCE POLICY & REGULATORY UPDATES GST on Insurance Premiums : GST Council is considering reducing GST on health and life insurance premiums from 18% to 5% while retaining input tax credit – aiming to improve affordability. Disclosure of Existing Policies – SC Ruling : Supreme Court says non-disclosure of existing life insurance policies when buying …
Guide on FASTag recharge methods : Changes in FASTag Rules, which is come into effect from February 17, 2025 Toll transactions will be declined for blacklisted or low-balance FASTags if the issue is not resolved within 60 minutes before reaching the toll plaza. If a FASTag is blacklisted 10 minutes after scanning, the toll payment …
Govt Plans Social Security Scheme for Gig Workers Indian Govt is preparing to implement social security benefits for gig workers, such as those working with platforms like Zomato, Swiggy, Ola, and Uber. Under this initiative, these platforms will be required to deduct a portion of the workers’ payments and deposit it into the Employees’ Pension …
Who Should File W8 Forms in the US? Foreign individuals or businesses earning income in the U.S. are subject to a 30% tax on certain types of income. The W8 form helps claim a reduction or exemption from U.S. tax withholding if the individual or entity resides in a country, such as India, that has …
Credit Guarantee Fund Trust for Micro and Small Enterprises Scheme To the first generation of entrepreneurs, the availability of bank loans without the hassles of collateral or third-party guarantees would be a vital source of support in realising their dream of founding a Micro and Small Enterprise. (MSE). In order to strengthen the credit delivery …
MSMEs may Apply for a Business Loan Access to Business Loans is a vital component of any successful business. However, MSMEs may face some difficulty in securing the funding they need in time. But small businesses can apply for an Micro small and medium-sized enterprises Business Loan to help them reach their goals. This post …
NOTE ON AMOUNT PAYABLE UNDER GRATUITY OBLIGATION TO AN EMPLOYEE We highlight the need for provisioning the obligation under Gratuity benefits payable to employees. This obligation is to be shown in the Financial Statements of the enterprises. Whilst this obligation will depend upon several factors, it will also be dependent on the amount payable under the …
NO TERMED AS SERVICE OF NOTICE – POSITION WHEN DISPATCHING NOTICE AT INCORRECT ADDRESS Recently in case of Ventrapathi Financial Services v. Superintendent of Central Excise (2015), honorable Andhra Pradesh high court held that dispatching of notice at incorrect address could not be deemed as service of notice and accordingly entire proceedings are liable to be set …
KEY POINTS ON ANNUAL FILINGS TO ROC – MGT-14 for Approval of Accounts & draft board report a. Pvt Co. – Not Required b. Public Co. – Required New forms AOC-4 (earlier 23AC/23ACA) and MGT-7 (earlier 20B) are introduced for annual filings. Board Report shall include various disclosures as per sec 134 & other section …