The Indian start-up ecosystem is buzzing with activity. Per a recent KPMG study, the number of start-ups has grown seven folds from only 7000 ten years back to a whopping 50,000 now.… Read More
India is a marketplace for startups. And with extensive support from the government and investors, the startup ecosystem in India is booming. However, starting up a business involves policy regulations and rules, taxations and turnaround time for registration and entrepreneurs need to have a clear understanding of these for their business to bloom.… Read More
Politics can have an enormous impact on how Start-ups can either thrive or grow or get mired in legal and legislative battles. The Narendra Modi-led coalition for a second term with a strong mandate is likely to help the Government help implement reforms smoothly.… Read More
Updates pursuant to 32nd GST council meeting:
# The Central Government has decided to provide two threshold limit for GST registration for suppliers of goods, Rs.20 lakhs and Rs.40 lakhs. However, each of the individual State Governments must decide on the threshold limit within a week as the State’s revenue is also tied to GST.… Read More
Key takeaways for Individual taxpayers effective from April 1, 2018
#1 Change in standard deductions:
A standard deduction of Rs. 40,000 has been introduced for salaried taxpayers and individuals who receive pension.… Read More
Income tax department in its circular dated 16th April 2018 issued a cautionary advisory to salaried employees to report their correct salary and deduction details.
The advisory states that any attempt by salaried employees to under-report their income or inflate deductions will result in a serious action.… Read More
Corporate Governance – The term that is stressed by most of the investors and financiers when the Companies/Startups approach them for funding. An investor conducts a financial and legal due diligence on the Company/startup in order to uncover risks pertaining to the startup.… Read More
This year’s budget clearly illustrate the government intent to look at the development holistically. Emphasis has been laid on fueling the rural economy through measures around agriculture and creating an enabling ecosystem through investment in infrastructure.… Read More
How do you explain the valuation of a Company valued at $1 billion when it is making a yearly loss of INR 500 crores to an Income tax authority?
Currently, there are various factors that determine the valuation of a startup like number of users of the platform/product, revenue forecasted, market size, technology and its future, etc.… Read More
A nil income tax return is filed to show the Income Tax Department that you fall below the taxable income and therefore did not pay taxes during the year. You are just starting out and your total income falls below the taxable limit, but would like to keep a record.… Read More