Overview To facilitate the various category of taxpayers, the Income Tax department of India has issued seven types of different ITR forms. If you are wondering how it helps, so here your reach ends. the new ITR forms now shift the onus on the taxpayers to prove their claim for the deductions, expenses or exemptions. …
Fall from Grace In case no one noticed, Stock markets in India have been painted red with the incessant bleeding of the Indian Rupee. Latest figures show the Rupee plummeting to new lows every hour with the latest being at Rs. 72.97 for 1 dollar, the Indian currency has been labeled the worst performing of …
Indian Rupee: No rise, only fall. Is the government doing enough? Read More »
Biggest Market Playssssers: Demonetization and GST: The past 2 years of 2016 and 2017 have been nothing short of path-defining years for major changes introduced in the management of finances and taxes in India. The first significant and somewhat controversial of these changes was the note-ban put into action on the 9th of November 2018. …
Demonetization and GST, The Nightmares of an MSME Read More »
On 8 November 2016, the Prime Minister unexpectedly scrapped Rs. 500 and Rs. 1,000 notes – accounting for 86% of cash, to what he tagged as the step to scrap-out black money and fake currency in the system. The primary aim was to retrospectively punish the tax evaders, fight counterfeiters, and stop terror financing activities. …
Crackdown of Shell Firms: The Only Short-Term Positive Impact of Demonetization Read More »
