• STARTUPS
    HNIs may get to invest tax free in Startups

    Are you a high net worth individual looking to make new tax free investments? You may soon be able to do that by investing in start ups and pay no angel tax. This is what one wing of the Narendra Modi government is working towards, convinced this will help achieve goals under Startup India, Digital India, boost entrepreneurship and also make […]

  • STARTUPS
    Startups facing angel tax notices may get relief this week

    MUMBAI: The startups that have already received angel tax notices, and were kept out of the recent relaxation in norms, are set to get some relief this week, said two people with direct knowledge of the matter. This will apply to situation in which valuations were challenged or the source of funding was questioned. The Central Board of Direct […]

  • STARTUPS
    Startups welcome new Angel tax norms, but there are many other issues!

    At a time when the government has been trying to give an impetus to innovation and entrepreneurship through its initiatives such as Digital India, Make in India and a host of other drives, Tuesday’s announcement by Union Minister of Commerce and Industry Suresh Prabhu gave a much needed breather to startups and new age businesses […]

  • ENTREPRENEURS
    Corporate Tax Should Be Reduced To 25%, Say Entrepreneurs

    Approvals for a new business are mostly given by state governments. New Delhi: India jumped a colossal 30 places to the top 100, in World Bank’s Ease of Doing Business rankings, but the situation on ground has far from improved. Take the case of Veerendra Singh, an entrepreneur who moved back to Delhi to set […]

  • STARTUPS
    67 start-ups have received tax benefits: Minister

    NEW DELHI, SEPTEMBER 12:   The government has so far extended tax benefits to 67 start-ups with a view to promoting budding entrepreneurs in the country, Minister of State for Commerce and Industry CR Chaudhary said here on Tuesday. In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost the start-up […]

  • STARTUPS
    Approvals to start-ups for tax sops multiply as govt softens stand

    NEW DELHI, AUGUST 18:   Faced with criticism over the slow pace of approvals to start-ups for tax sops, the government has speeded-up the process with as many as 55 ventures getting the go-ahead in the on-going fiscal so far as opposed to just 10 approved in the last financial year. “Approvals will be even faster […]

  • STARTUPS
    Illinois Soda Tax Will Impact All Retailers Selling Sugary Drinks

    Officials in Illinois will attempt a Philadelphia-style soda tax implemented on retailers statewide, which critics argue will only lead to higher prices and angry shoppers. The proposed legislation will place a large beverage tax on sugary products in the name of improving public health and curbing obesity. The obesity rate in Illinois is roughly 30 percent […]

  • STARTUPS
    Mamata questions tax exemption on deposits in old notes by political parties

    A file photo of West Bengal chief minister Mamata Banerjee. Photo:Indranil Bhoumik/Mint Kolkata: West Bengal chief minister Mamata Banerjee on Saturday questioned the government’s decision to give income tax exemption on deposits by political parties in old Rs500 and Rs1,000 notes, saying the timing of the announcement shows that there may be “an ulterior motive”. […]

  • NEWS
    NTPC Q2 net profit down 18% on tax adjustments

    NTPC claimed its total income increased from Rs18,218.16 crore a year ago, to Rs19,588.56 crore for the second quarter ending 30 September, 2016. Photo: Madhu Kapparath/ Hindustan Times New Delhi: NTPC Ltd reported 17.87% drop in stand-alone net profit at Rs2,495.97 crore for the second quarter ended 30 September, 2016. It had posted net profit […]

  • LIFE
    Pay advance tax if tax on estimated income is above Rs.10,000

    iStockPhoto I’m a salaried individual and earn Rs.70,000 a month. My company deducts tax from my salary after considering all my tax declarations. Do I need to pay advance tax? —Jivika Anand Advance tax is payable by an individual in prescribed instalments if the total tax liability on the estimated income is likely to be […]