Eight Things to Consider Before Closing a Business..

by Mr. SAKINA BABWANI (1) Be clear about how you will pay your liabilities, if any, to creditors. (2) If you need to file for insolvency, find out how to go about it. (3) Find out if you have any outstanding tax obligations. (4) Be prepared to deal with your current clients pen…

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How to Close a Business, Note Some Legal Points..

Here are some of the legal points you need to keep in mind to ensure that you make a clean exit. by Mr. SAKINA BABWANI When an entrepreneur sets up his / her dream venture,the last thing on his / her mind is looking for ways to wind up the business. Despite the rosy projectio…

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Only 6 % of Indians Have Insurance cover: Pass the Insurance Bill Now

BY MR. SUNIL MEHTA A higher foreign direct investment  (FDI) cap at 49 % will help cover the underinsured masses and expand shrinking business When the monsoon session of Parliament closed in September, (2013) the finance minister said that the long-awaited insurance Bill, pe…

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Delayed Advance Income Tax Will Have Interest Implications..

Reply by  Parizad Sirwalla, CA Up to 30 % of estimated income tax liability is payable on or before 15 September of the financial year  I work as a consultant and not a full-time employee, is advance tax applicable to me? — Gaurav Advance tax is payable by an individual if the …

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Can Travel expenses of an employee's family be considered?

by Mr.T.E.Gautham, CEO, Hinote Systems, Chennai The exemption is admissible to only two (2) surviving children born on or after 1 October 1998.  However, if an employee after his or /  her first child, begets twins, triplets etc. the multiple children (twins, triplets etc.) …

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What does Travel Expense Mean?

by Mr.T.E. Gautham, CEO, Hinote Systems, Chennai Travel expenses refer to the cost of travel (ticket fare etc.) alone. Expenses on boarding, lodging, sightseeing etc. should not be considered for the purpose of tax exemption. In addition, travel expenses should pertain to le…

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Plastic Money : India's debit card user 33.10 Crore, Credit Card Base 1.95 Crore..

India's debit card user base was 33.10 Crore,while the credit card base was 1.95 Crore people at the end of the last fiscal year.Card use has been growing at about 30% per year. Countrys top 8 retail chains say credit, debit card payments exceeding cash transactions Plast…

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How Much Money Do the Top Technology Firms Make Per Second?

Samsung makes $ 6486 per second. Apple  $ 4540 . Foxconn  $3815 HP  $ 3459 IBM $ 3166 Microsoft  $ 2331 Amazon $ 1996 Google  $ 1873 Dell  $ 1865 Intel  $ 1628 Cisco $ 1594 Oracle  $ 1068 Nokia  $ 941 Facebook   $ 230 Blackberry  $ 205  Sources http://www.happier.co.uk

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India's Corporate Tax Rates- Among Highest in world: 62.8% and 33 payments..

Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the Paying Taxes 2014 list. However, the time taken for tax payments is relatively less in India, w…

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Commercial Real Estate: Guidelines For Retail Investors..

by Mr. Ramesh Nair, Jones Lang LaSalle India Buying an office or /  retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or / heavyweight HNIs could invest in. That, however, i…

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