Udyam Registration and New Classification for MSMEs – All You Need to Know.

I. New Classification for MSMEs As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs as follows- Existing Criteria- New Criteria (Applicable from 1st July 2020)- Note: All units with GSTIN listed against same PAN …

New tax rates- are they actually lower?

During the presentation of the Fiscal Budget, the Finance Minister announced revised slab rates of taxation for individuals, which are lower than the prevailing rates. However, there is a certain catch to it. Under the new rates, the assessee has to forego certain exemptions and deductions while computing the taxable income. Hence they might actually …

Bitcoins- A Revolution or a Bubble about to Burst? – All You Need to Know

Ever since its recent spurge, the world has been abuzz with the possibilities and risks revolving around the latest fad among the investors, the Bitcoins. Bitcoins saw a huge spike in their prices, with more and more people wishing that they had invested in the cryptocurrency earlier. But it raises many questions altogether, and today …

Service Charge optional, PayTm’s new investment, SEBI approves BSE’s IPO- Weekly Digest #29

Monday- 2nd January 2017 Industrialists Sunil Munjal and Saroj Poddar are in talks to buy a minor stake in digital payments platform, Paytm. Sunil Munjal is the chairman of Hero Corporate Services and Saroj Poddar is the chairman of fertiliser and engineering services conglomerate Adventz Group. Anshu Jain, the former coCEO of Deutsche Bank has joined the New York-based …

Market begins recovery, DTA with Singapore revised, Holding SBNs Criminalised- Weekly Digest #28

Monday- 26th December 2016 eBay India reported a three times rise in the sales in 2015-16 to 392 crores. However, its loss widened from  172 crores to  262 crores this year despite various cost-cutting measures. Godrej Nature's Basket has initiated its process of shutting all the eight stores it operated in NCR. It has already closed …