Articles on News

Another setback - Bank  charges to increase  from 20th January

Another Surgical Strike on common man – Bank charges to increase from 20th January

By Paras Mehra January 17, 2018

If you visit the bank for cash withdrawal, then there will be a maximum cap of Rs.50,000/- with a charge of Rs.10 per withdrawal.

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Government Passes law to  protect unauthorized colonies  and slums in Delhi

Government Passes law to protect unauthorized colonies and slums in Delhi

By Paras Mehra December 28, 2017

The Lok Sabha has passed the bill to protect the unauthorized colonies and slums in Delhi against any punitive action from any municipality till December 2020.

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startup failure

5 Reasons of Your Startup Failure!

By Paras Mehra May 25, 2017

The equity fight between the co-founder is the foremost reason of failure of lot of startups. We have seen many startups that got a very good response from the market initially.

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Supreme Court to Centre: Aadhar card cannot be mandatory when we say it is optional

By Paras Mehra April 21, 2017

The Supreme Court has again retreated that it will decide if Aadhar card is mandatory or not for filing the tax.

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black to white money

All about Converting your Black Money to White – The New Declaration Scheme Proposed

By Paras Mehra November 29, 2016

Government has proposed to tax the black money @ 83% if caught. Further it has also came forward with new declaration scheme introduced to give another opportunity to the black money hoarders. The tax rate under IDS is 49.9% with 25% deposit for four year

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income tax penalty on cash deposit

Income Tax Penalty on Unaccounted Cash Deposit - 50% tax Penalty plus 4 year Lock-in

By Agam Gupta November 27, 2016

The proposed amendments to the Income-tax Act will enable the Income-tax officers, to levy a minimum of 50% tax and a 4-year lock-in of the half with zero percent instrument of the remaining of the disclosed unaccounted cash deposits.

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cash deposit exceeds 2.5 lakh

Demonetisation – Cash Deposits combinedly Exceeds Rs. 2.5 Lakh or Rs. 50,000 in a day requires Pan Card

By Agam Gupta November 18, 2016

If someone is depositing more than Rs. 50,000 in a day or combinedly deposit more than Rs. 2.5 Lakh between 9th November to 30th December, he needs to quote his Pan to the Bank.

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GST Registration Opens

GST Registration Opens: Procedure to enroll for GST registration by Existing VAT/CST/Service Tax Registered Dealers

By Paras Mehra November 17, 2016

The existing taxpayers will have to get themselves enrol / register / migrate under Goods and Services Tax (GST) System in the month of November itself.

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mistake in 500/1000 note

5 mistakes to avoid under panic against the Rs 500/Rs 1000 note ban in India

By Paras Mehra November 12, 2016

You will see everyone rushing towards banks, ATM, machines, post offices, etc. There is no need for panic. Your money will be safe. You just need to deposit it before December 30, 2016.

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