Guests to my home have a knack of arriving without prior notice. It looks as though the whole mobile revolution has just escaped my extended family. They love to surprise us with their unplanned visits. Earlier I would get very unsettled with these unannounced visits and the follow up high teas and dinners. No longer! The last few years have seen a surge of mompreneurs in our city, look around and every housing society has home cooks, bakers, event planners etc. you name it and you have it. So now whenever someone visits I quietly order a meal from...Read More
Finance and money
Motherhood is physically and emotionally overwhelming.My daughter was born much earlier than the due date. The most important event in my life was most unplanned! I was totally unprepared for the roller-coaster ride that followed. In the initial few months, I kept thinking that if I had some clarity I would have been better prepared. After 4 years I have wizened up. I know nothing can emotionally and physically prepare you for motherhood. It is a task which is learnt on the job itself. But one thing one can definitely be prepared for is the financial aspect of having a baby. So...Read More
As a good citizen we must understand this new law and if you wish to undertake any economic activity in India, you must get the business registered under GST law. Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input Tax Credit for the taxes on his inward supplies. Without registration, a person can neither collect tax from his customers nor claim any Input Tax Credit of tax paid by him. Need and advantages of...Read More
Documents required for Sole proprietorship / Individual Individual documents PAN card and ID proof of the individual. Copy of Cancelled cheque or bank statement. Declaration to comply with the provisions Registered Office documents Copy of electricity bill/landline bill, water Bill Rent agreement (in case premises are rented) NOC OF OWNER Documents required for Private Limited Company (Pvt Ltd)/Public Company (limited company)/One person company (OPC): Company documents PAN card of the company Registration Certificate of the company Memorandum of Association (MOA) /Articles of Association (AOA) Copy of Bank Statement Copy of Board resolution Director related documents PAN and ID proof...Read More
The most complicated law provisions as the general public may find it, the reverse charge mechanism aims at plugging the loophole and bringing to tax net almost everyone. What is Reverse Charge? Reverse Charge means the liability to pay tax is on the recipient of the supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In simple words, you receive goods and services and instead of paying tax to the supplier, you directly pay to the government. Types of Reverse Charge There are two typed of Reverse...Read More
The Annual Union Budget is most awaited every year and as citizens, we look forward to benefits from the government in the form of tax concessions. This year’s budget is surely Senior Citizen’s budget with a bouquet of benefits given specifically to them. A big major change impacting several investors is the change in long-term capital gain tax. A boost to real estate with a change in circle rate definition impacting capital gains taxation, a move towards greater transparency by making TDS provisions applicable to charitable trusts, expansion in the definition of dependent agent, govt now proposes to tax...Read More
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