The advantage is for the urban rich people. The increased urbanization has opened a steady source of income for building owners. In metro and A1 cities, to rent a small one BHK (Bedroom Hall Kitchen) house, one has to pay Rs.10000 per month. The rentals of commercial building are …
Read More »Used Car Dealer Sales Tricks Exposed
Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …
Read More »Do you know how a Bill becomes an Act
In the previous article I wrote about the difference between an ORDINANCE and a BILL. Now in this article let us learn about the process of a Bill becoming an Act. A Bill is a draft proposal of law. A Bill will become an Act after it passes through …
Read More »Whether delayed payment of PF contribution of the employees is allowed as deduction under Income Tax Act.
This is one section which can really explain the implications of non-compliance of tax or labor laws. After reading this article the business entities will surely appreciate the importance of meeting the due dates as per the law. Let me explain this through an example. The due date for …
Read More »Do you know who owns Indian Banks?
There are many Banks in India. Do you know who owns them? This article is about bank owners. Hope this helps understand banks better. Public Sector Banks (PSBs) – PSBs (also called as nationalized banks) are those banks where Government of India holds more than 51% equity share capital. …
Read More »Blind faith in business and its side effects
One of our clients is having this problem. He has developed a very cordial relationship with his deputy. The deputy is working in his organization for the last 15 years. So, a great amount of trust is built between them. The trust has turned into blind faith. Is …
Read More »If you are looking for Loans, it is good to know about your CIBIL Score
Credit Information Bereau (India) Limited (CIBIL) is an Indian credit information company. It collects and maintains records of individuals, firms, companies’ payment pertaining to loans and credit cards. CIBIL collects the information from all banks and lending institutions in the country. Based on the information, a score card …
Read More »Am I eligible for External Commercial Borrowings (ECB)
Mr. Keshavaiah, owner of an educational institution (Trust) wanted to know whether his institution is eligible to take ECB (say, foreign loan or loan from Non Resident lenders). He was living peacefully with whatever he had. It’s only after one of his extraordinarily intelligent friend suggested him to avail …
Read More »Supreme Court judgment says Mobile phone charger is an accessory subject to different tax rate | Read this judgment
Some of the cases are worth reading. The Court’s view may not be the same as that of common men. One such case is discussed in this article. When you buy a mobile phone, will you ever think that the battery charger is something independent of the phone? …
Read More »Do you have long overdue receivables? Have you made any attempt to know the reason?
Broadly there are two types of business enterprises. One, business in organized sector and the other is in ‘unorganized sector’. There is a third category of enterprise called ‘unorganized business in organized sector! (Let’s name it as ‘UOS)! The key managerial personnel of UOS type enterprises take all the …
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Simplified Laws Guide to Taxation and Legal Concern