Impact of tax cut 2019

On sept 20th 2019 the Finance Minister surprised everybody a pleasant surprise indeed when she came out and made a series of announcements to revive a sagging economy. This was the government’s decision to reduce the corporate income tax rate from about 30% to an effective rate of twenty 25.17% this has been an assistant amount of the Indian corporate community that they have been pointing out to the government that they are overtaxed compared to the competitive peers…

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HongKong Company Setup

company setup in hongkong

Despite the few drawbacks of setting up a company in Hong Kong such as the need to travel to Hong Kong to open a corporate bank account, rising expat packages, and the low quality of conversational English, Hong Kong is still one of the key investment locations for businesses looking to enter the Asian market. There are many key benefits that Hong Kong provides companies including a stable infrastructure, and easy access to one of the world’s largest Asian…

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GST updates 2019

GST Council in the 37th meeting held on 20.09.2019 at Goa took the following decisions in respect to rates relating to goods. 01. GST rates reduction, – a) 18% to 12% on parts of Slide Fasteners b) 18% to 5% on Marine Fuel 0.5% (FO) c) 12% to 5% on Wet Grinders (consisting stone as a grinder) d) 5% to Nil on:- (i) Dried tamarind (ii) Plates and cups made up of leaves/ flowers/bark e) 3% to 0.25% on…

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New scheme of SIDBI

new Sidbi loan scheme

New scheme of SIDBI “SPEED” for machinery purchase for MSME To facilitate the flow of credit to Micro Small and Medium Enterprises (MSMEs) for investing in machineries, Small industrial Development Bank of India (SIDBI) has recently launched the new scheme called SIDBI-Loan for Purchase of Equipment for Enterprise Development (SPEED) for machinery purchase from Original Equipment Manufacturers (OEMs) on competitive rate of interest The salient feature of SIDBI LOAN scheme are                                                                                                                                                1. Financial assistance of upto Rs 1…

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India’s New Direct Tax Reforms 2019

Indian corporate tax reform

The Big Direct Tax Reforms 2019 By Modi Government 2.0 Writing a new income tax – It has been attempted several times before in the last 3 decades but only to fall by the wayside … in the last decade twice the then Finance Ministers Mr. Chidambaram and Mr. Pranab Mukherjee tried to leave their imprint on the Finance Ministry through an ambitious new Direct Tax Code (DTC)… the public and taxpayers got to see the draft of the…

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Jilian’s India Investment Seminar 2019

India Investment seminar

For the past two years, Chinese enterprises are expanding their worldwide presence by overseas investment. India, as the new node of the Belt and Road Initiatives, which has natural geographical advantages, not only possesses high potential market environment but also occupies stronger development advantage in many areas. The overseas investment strategy of Chinese enterprises is also looking for raw materials, energy and infrastructure projects from developed countries such as Europe and the United States, and gradually turning to emerging…

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India Private Limited Company Incorporation

indian company setup

What is Private Limited Company? 1. It is a legal Entity approved by the Ministry of corporate affair India incorporated under Companies Act 2. Having feature of Limited Liability which means liability of the members will be limited. 3. Most reliable company setup Model as compare to other company setup model models like Sole Proprietorship, Partnership etc How to Register a India Private Limited Company  1st Step: Apply for Digital Signature what is DSC: It is an electronic Signature…

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Income Tax Changes 2019-20

taxation India

  Here are the following changes in Income Tax 2019-20 If the taxpayer is a director in a company* at any time during the tax year, the following details need to be furnished (ITR 2, 3): ► Name and Permanent Account Number (PAN) of the company ► Whether shares of the company are listed or unlisted ► Director identification number 2. If the taxpayer is a partner in a Firm* then need to Furnish Name of the firm and…

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starting a Company in India

starting a company in india

    8 Steps to start a Company in India   If you starting a new business in India this article definitely can help you The step-by-step guide to starting a Company in India: 1. Obtain DIN  Obtain the provisional Director Identification Number by filing application Form DIN-1 online. The application form must then be printed and signed and sent for approval to the ministry along with proof of identity and address. Upon verification and approval, a permanent DIN…

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