Single master form – Foreign investment in India Foreign Investment in India – Reporting in Single Master Form (SMF) As announced on dated April 5, 2018 The First Bi – Monthly monetary policy review of Reserve Bank, with the objective of integrating the extant reporting structures of various types of foreign investment in India, will […]
Category Archives: Finance
Finance is a simple task of providing the necessary funds (money) required by the business of entities like companies, firms, individuals and others on the terms that are most favorable to achieve their economic objectives
Benami Transaction and Sham Transactions Prohibition of Benami Property Transactions Act, 1988, an act promulgated to prevent and prohibit “Benami” transactions in India on 5th September, 1988. The Act, 1988 has only 9 Sections and not so effective, while preventing and prohibiting “Benami” Transactions. The Act, 1988 previously called The Benami Transactions (Prohibition) Act, 1988.
Things to consider before spending your money Influencer marketing is the new buzzword in the marketing circles. Companies are spending money a substantial amount of their marketing budget on social media Pied Pipers to put a good word about their products/services to their digital followers. It is targeted, easy to deploy, and uses the age-old […]
12 ways to avoid paying more for bank services The country’s top banks could end up paying thousands of crores in tax for the free bank services provided to customers over the past five years. If the tax department’s demand is upheld, customers may be charged for many services in future.
Long Term Capital Gains Tax under Finance Bill, 2018 – FAQs 1. What is the budget proposal on LTCG for equities? Ans – So far, any LT Capital gains made on equities on Exchanges was exempt. The Govt has now proposed an 10% LTCG tax on gains made above Rs 1 Lakh under Finance Bill , 2018.
Salient Features of Finance Bill, 2018 1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be known as Education and Health cess under Finance Bill, 2018.
Long term capital gains tax may return The government is looking to re-introduce long capital gains tax on listed stocks with certain riders as a part of it makes an attempt to boost additional revenue within the Budget.