October 23, 2016

FCRA Pro- Active Compliance

As you are aware, the Annual Return under Foreign Contribution Regulation Act (FCRA) is to be compulsorily filed electronically. It is highly expected that the regulatory authorities, may implement few electronic checks for FCRA compliance on such e-filed returns.
One of such apparent check, which may be implemented, is that the expenses for Administrative purposes should not exceed 50% of the foreign contribution received.
This is required as per Section 8 of the Foreign contribution regulation Act 2010.

October 18, 2016

Basic Legal Compliances for a small business

Informed decision is the best decision. When a businessman is starting a new venture, the very basic questions include what should be the format of business? whether it should be a partnership or a PVT LTD company or just a propritary concern. What will be the complainces, costs, pros and cons. To have an insight about what these business models comes with, lets have a comparative analysis.

RERA - Builders' Perspective

The Real Estate Regulatory Authority (RERA) is enacted and shall be effective from 1st May 2016. RERA is applicable to Builders agents and customers are also involved, here we will look at the RERA from builder's perspective. The RERA is going to be a big head ache for those who have avoided keeping systems in their business. Budgeting, cash flow analysis and CRM teams with knowledge of RERA is going to give an edge in the industry.

July 10, 2016

How Does TDS Work - Beginers Guide to TDS.

This article is for understanding the basic concepts of Tax Deducted at Source (TDS). Here we will try to explain it in non-technical language. Though a most common terminology, the mechanism should be understood for better dealing with and handling the TDS issue.

April 06, 2016

Form 15G/H : Change in game rules

Tax Deduction of Source is not useful if there is no taxable income. In such case, a person can file form 15G (or 15H in case of senior citizen) and request for lower deduction or zero deduction of Tax. Till October 2015 this process was manual. Now after October 2015 the process of filing Form 15G & 15H is made online. Lets have a look at it.