#taxation services in indore

[sldindore]

Who is BB Sir? An Introduction to CA Bhanwar Borana

CA Bhanwar Borana is a distinguished Faculty at our prestigious institution of higher learning for CA, CS, and CMA students. We shall discuss CA Bhanwar Borana's expertise, concentrating on his gallantry in CA Final/Inter Direct Tax. CA Bhanwar Borana is a well-known professor in the field of chartered accounting. BB sir has an enormous 8 years of teaching experience at CA IPCC & FINAL in Direct Tax and International Taxation. He has gained a lot of expertise over the years and is now a reputed faculty for CA Final/Inter Direct Taxation, and CA Final DT Fast Track at Smart Learning Destination.

The teaching techniques of BB Sir are highly understandable and have been successful for a great number of students. His distinctive intellectual clarity, practical application, and exam-focused approach define his teaching style.

He offers to go over all pertinent topics and subtopics, from the fundamentals to more complex ideas. Therefore, CA Bhanwar Borana’s students have achieved outstanding success in their CA Final/Inter Direct Tax and other professional exams.

Language of CA, CS, and CMA Courses and Video Lectures

1. Students can buy Hindi English Mix Lectures.

2. Best things are that South Indian Students can purchase fully English Lectures because they don’t understand Hindi.

You can also buy the latest course materials and video lectures of CA Bhanwar Borana Sir

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You can visit Smartlearningdestination.com to enroll in Bhanwar Borana’s video Lectures and find out more about its renowned instructors who teach CA, CS, and CMA courses.

What is BB Virtual?

It is a well-known platform for CA Exam preparation. It was founded by CA Bhanwar Borana in 2017. The office address of BB Virtual is “Target Mall, 2nd Floor, Chandavarkar Road, Sundar Nagar, Borivali West, Mumbai, Maharashtra, and Pin-400091.

For more details visit the official website - https://bbvirtuals.com/

Brief Introduction about the Smart Learning Destination Private Limited (SLDINS)

The largest online exam preparation platform in India is Smart Learning Destination Private Limited (SLDINS) and founded in 2021 by Mr. Viraj Sharma. The company's head office is located in Indore City, the heart of Madhya Pradesh State. It offers more than 1500 HD-quality video courses and printed books. Currently, it has professional courses including ACCA, CA, CS, CMA, CFA, and several more.

We give people access to the top faculties in India by streaming their lectures online or sending them on pen drives and Google Drive. Additionally, these lectures are available for viewing as per the faculty's time period and view anytime and anywhere, wherever you are. Additionally, our devoted after-sale service makes it completely free to clarify any uncertainties and answer any inquiries along the way.

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[anonymousdeveloper45]

MakVik Financial Services Is A Smart Finance Firm In Indore Which Provide Services Like Taxation (Income Tax Return, GST Return), Loans (Personal Loan, Business Loan, Mortgage Loan, Home Loan Etc), Insurance (Life Insurance, Term Insurance, Health Insurance, Motor Insurance, ULIP Etc), Mutual Funds, Money Investments And Many More. It Was Founded By Mayank Chaurasia In 2022.

MakVik Financial Services Is Smart Finance Firm Across The India Headed From Indore City. Deals In Resolving Complex & Critical Hurdles In Businesses. We Have Innovative Team To Support Your Business At Every Phase Of Road Breaker In Day To Day Business Operations, Govt. Compliances & Funding.

[milindnyati]

When it comes to navigating the intricate realm of finance, taxation, and business advisory, Milind Nyati & Co stands as the epitome of excellence. As the Best Chartered Accountant (CA) in Indore, we are your trusted partner, dedicated to providing unparalleled expertise, innovative solutions, and personalized services that drive your financial success.

[rehabcenterinindore]

Smoking and Tobacco Addiction: Breaking Free from the Grip

Smoking and tobacco addiction have long been recognized as detrimental to both individual health and public well-being. Despite widespread awareness of the harmful consequences, the struggle to quit remains a significant challenge for many. Understanding the nature of tobacco addiction and exploring effective ways to break free from its grip are crucial steps toward a healthier lifestyle.

Tobacco addiction is not solely a habit; it's a complex interplay of physiological, psychological, and social factors. Nicotine, a highly addictive substance found in tobacco products, binds to receptors in the brain, leading to the release of dopamine—a neurotransmitter associated with pleasure and reward. Over time, the brain becomes accustomed to this dopamine surge, fueling a cycle of dependence. 

Breaking the chains of tobacco addiction involves addressing both the physical and psychological components. Nicotine replacement therapies, such as nicotine gum, patches, and lozenges, provide a controlled way to gradually reduce nicotine intake while managing withdrawal symptoms. Prescription medications like varenicline and bupropion can also help curb cravings and make the quitting process more manageable. Tobacco addiction is not just a habit, therefore, you can go for the best rehab centre in Indore by joining a deaddiction doctor. 

However, conquering tobacco addiction extends beyond pharmacological assistance. Recognizing triggers and developing coping strategies are essential. Social situations, stress, and emotional factors can all contribute to the urge to smoke. Adopting healthier alternatives like exercise, engaging in hobbies, or practising mindfulness can help redirect thoughts away from tobacco.

Support systems play a pivotal role in the journey toward quitting smoking. Behavioural therapy, whether individual or group-based, offers a safe space to share experiences, receive guidance, and learn effective techniques to overcome cravings. Online resources, quitline services, and smoking cessation apps provide additional avenues for seeking help.

Tackling tobacco addiction requires a comprehensive approach, addressing the societal and economic factors that perpetuate its grip. Governments worldwide have implemented public health campaigns, graphic warning labels, and taxation policies to discourage smoking. Educating youth about the risks of tobacco use is crucial in preventing the development of addiction in the first place.

 Promoting smoke-free environments helps protect non-smokers from exposure to secondhand smoke, reduces the normalization of smoking, and provides a supportive atmosphere for those trying to quit. Employers, schools, and public spaces all play a role in creating smoke-free zones that foster healthier choices.

Smoking and tobacco addiction remain pressing public health concerns. Understanding the physiological and psychological mechanisms behind addiction is essential for developing effective strategies to break free. Combining nicotine replacement therapies, medications, behavioural therapy, and support systems empowers individuals to overcome tobacco addiction. Moreover, collective efforts involving educational initiatives and smoke-free policies contribute to a healthier society, reducing the impact of tobacco on individual lives and communities at large. By prioritizing health and well-being, individuals can take meaningful steps toward a smoke-free future.

So, that’s all in this blog, if you or your loved one is suffering from smoking or chewing tobacco addiction, you should go for the best addiction treatment in Indore by taking the help of a professional deaddiction doctor. 

[asawari13]

GST Certification Course and Complete Guide to GST

"What is the GST Certification Course?"

Before getting into what is GST course, I want to provide a comprehensive understanding of the short-term term GST.

Everyone has an opinion about whether GST simplifies the taxes system or not. I'm providing you with information so you may form your view. Later in this post, I will explain "what is GST Certification Course" is and assist you in finding better online GST courses in Indore with certifications.

What exactly is GST?

Good night, Sweet dreams, and Take care in the whole form. I'm joking, of course. GST is a broad subject to cover. But I'll attempt to explain it to you in as few words as possible. To begin, GST is an initial Goods and Services Tax.

The federal government collects two types of taxes. They are as follows: -

Direct Tax: In this case, the government directly collects taxes from citizens, such as income tax, property tax, company tax, and so on.

Indirect Tax: Indirect taxes are levied on the purchase and sale of goods. Previously, there were 17 other types of indirect taxes, and the government merged all of them with the appropriate GST. As a result, GST is a mix of indirect taxes.

There were several taxes in India before the implementation of the GST. We had EXCISE TAX, service tax, customs tax, VAT (Value Added Tax), CST (Central Sales Tax), OCTROI, and a slew of additional taxes. So, to simplify all of the tax complexities, our government devised GST. On July 1, 2017, India's Prime Minister, Mr. Narendra Modi Ji, unveiled the ONE NATION ONE TAX policy known as the Goods and Services Tax.

Our Prime Minister, Mr. Narendra Modi Ji, has stated that GST will bring One Nation, One Tax, however, you must have seen this on any of your restaurant bills, mart bills, or any other bill. There are two or three taxes mentioned: the CGST tax, the SGST tax, and the IGST tax. So, does it adhere to the One Nation, One Tax policy? Yes, there are several components of GST, which include CGST, SGST, IGST, and UT- GST.

CGST is for Central Goods and Services Tax, SGST stands for State Goods and Services Tax, IGST stands for Integrated Goods and Services Tax, and UT- GST stands for Union Territory Goods and Services Tax.

I'm just summarizing these phrases with an example to help you understand them. In my viewpoint, you should buy an online course. If the course provider is also from your state, he will charge you CGST + SGST. That is, the state government will keep 9% of the tax, while the remaining 9% would be transferred to the Central Government's taxation budget.

Furthermore, if the course provider is not from your state, they will charge IGST, which is an 18% integrated tax. Now we come to UT-GST, which applies to all Union territories. We have nine union territories in all (Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, National Capital Territory of Delhi, Jammu, and Kashmir, Lakshadweep, Ladakh, and Puducherry).

In UT- GST, you must additionally pay 18% tax on your goods and services, with 9% retained by the Union Territory and 9% transferred to the Central Government. Because the Central Government oversees the states, interstates, and union territories, 9% of GST is always transferred to them. You may now check your prior statement to see if they charged CGST+SGST or just IGST.

GST Registration Information

You're probably wondering who will charge GST at this point. Is GST applicable to everyone who provides GOODS or SERVICES? The watchman in your building, for example, or the rickshaw driver, are both qualified to charge GST since they provide services to us. As a result, the response is No, this is not the scenario. It has a registration procedure. Only once you have completed the registration process will you be able to charge the GST. Furthermore, the registration process necessitates the use of minimal criteria. And whether anybody who meets the criteria is eligible to register for GST and charge GST.

For businesses, the minimum annual revenue is 20 lakhs. If someone is operating a business and their annual turnover is 20 lakhs, he or she must register for GST registration. And if a person's annual sales are less than 20 lakhs, he can still register for GST, but this is known as voluntary registration. Another essential aspect to highlight is that whenever someone sells items or services online or conducts interstate commerce, they must register for GST regardless of their turnover. When it comes to the internet, the 20 lakh turnover hurdle just vanishes. Again, these are extremely fundamental aspects; the narrative of GST and its Registrations is vast.

FORMS FOR GST:

A few pieces of paperwork are presently required to be filled out by businessmen. They are GSTR-1 and GSTR-3B, respectively. Just a short description. GSTR-1 is the form on which a businessman would communicate all of the facts of their business income from one business to the next and from one business to the client. GSTR-3B is a bit difficult, but I'll attempt to describe it as simply as possible.

Let me give you an example. You are a person who is selling some X product for 100 rupees and you have collected 18 rupees from your customer. You have also purchased this X product from some wholesale market at some price and you as a customer to the wholesaler have paid to suppose 8 rupees as a GST, so you are only supposed to pay the government 10 rupees as a tax. Now, in this form, you will give all of the information about how much GST you received from your clients and how much you paid as a consumer. I hope you understand what I mean.

Now we get to the main point: "What is a GST certification course?"

The answer is the same as the question's proposed name. It will provide you with a thorough understanding of GST and its many features. It will enhance your abilities and add a star to your résumé.

These are a few online GST classes in Indore that I found after a lot of searching, and I'm just providing them here for your convenience with all of the course details: -

Initiative Institute of Professional Training & Research(IIPTR) is a well-known and prominent online education company. In their precisely constructed Master GST Practitioner course, the institute provides an in-depth curriculum on GST. The GST training in Indore consists of studying the essential components of the GST Modules. The modules' implementation offers hands-on learning.

This intense training covers everything from the tiniest intricacies of GST to the significant components.

The course syllabus contains

Module -1

GST 

Types of GST

Exemptions in GST

GST Registration

Concept of supply under GST

Concept of Place of Supply

Concept of time of supply and Valuation under GST

Concept of branch Transfer

Export & Import in GST

Types of Invoices and Invoice format

Computation of GST

Input Tax Credit and set off

Concept of Reserve charge mechanism and compliance

Recording GST Liability

Filing of GST returns

Eway Bill requirement & compliance

 E-Invoicing

Composition Scheme in GST

Tax computation, payments, and reports

GST annual return

GST Audit

Module-2

1- Detailing training on GST Software of partner GST for payment and filing of GST.

2- Training on how to successfully run your business and client relations.

Initiative Institute of Professional Training & Research (IIPTR) in Indore will assist you in understanding GST and becoming an effective and confident GST Practitioner. Connect with a GST specialist at the institute to determine your eligibility for the course. All of your doubts will be answered, and you will be able to decide whether you want to pursue the online GST Course in Indore.

[papertax]

Use these Crucial Strategies to Improve Company Tax Planning

A strategy that assures a clear description of the tax functioning and the compliance of the organisation with all regulatory taxation requirements must be developed due to the considerable impact of taxes on a company's activity.

Productivity may be increased and financial operations can be made more efficient with the use of a taxation plan that is consistent with the overall corporate structure.

A key strategy for adding value to the company is to define the scope of tax activities. By using the services of a chartered accountant in Indore, a corporation can ensure that the tax functions satisfy its requirements and expectations.

Enhancing Tax Management Effectiveness:

A tax-friendly strategy that promotes better management and compliance with the tax laws is essential for effectively managing tax functions and creating value for the firm.

The tax conduct of a business must be improved to eliminate any functional abnormalities, and by taking the following actions, the entire process can be made more efficient.

Make sure all regulations are followed:

Every organization is required by law to satisfy its tax obligation. It is essential for a business to comply with the applicable tax laws in order to be aware of the necessary steps and requirements.

Being compliant with the tax rules is necessary because they are constantly changing, and to do this, it is crucial to secure the experienced advice of a CA firm to minimise any financial risks for the business.

The Best option for assistance:

Making the correct expert assistance a priority becomes crucial due to the complexity of tax rules and methods and the need to support a structure that is of utmost importance. The capability of a legal-accounting structure can be determined by the choice of CA partner as the necessity for outsourcing assistance in tax management duties becomes essential.

Selecting the appropriate partner firm for tax management becomes crucial to preventing any tax-related problems from occurring.

Putting tax governance strategies into practise:

It is crucial to adopt tax governance techniques, which include the following, in order to integrate all of the activities required for tax management and to improve the efficiency of these processes by income tax consultant in bhopal:

 Complete adherence to national tax regulations

 Developing tax-focused techniques for easy administration

 Maintaining ideal relationships with customers and employees

 Preventing any illegal tax-related activity

Make use of contemporary techniques for efficient tax assistance:

Businesses are widely implementing automation software for business function management due to developments in IT automation. Utilizing technology support in the form of tax management software can significantly improve financial administration inside an organisation by helping to handle the administrative and operational parts of business taxes compliance.

A long-term plan for maximising tax compliance:

CA in Mumbai qualified solutions to guarantee efficient tax management and total support in all financial facets.

A business has a lot to gain from having a sustainable tax management framework. Adopting a strengthened structure for tax management can ensure risk minimization and increased financial operations efficiency.

In order to advance financial administration and tax management activities, a company needs an enlist the assistance of the expert CA firms in Indore due to the national tax legislation' ever-increasing complexity and the pressures placed on corporate conduct.

Maintaining optimal business functionality is difficult, and as maintaining optimal tax management becomes more difficult, firms must enlist the help of a chartered accounting firm.

[awlindiathings]

AWL to enlarge presence in the contract logistics business

By Avishek Banerjee

Accelerated Warehousing Logistics Pvt. Ltd. (AWL), a prominent supply chain management solutions provider, is chalking out robust strategies to enhance its presence in its contract logistics business division comprising warehousing facilities, distribution solutions, temperature-controlled trucking and road trans-potation management. The home-grown logistics giant, which also offers air & ocean freight forwarding, container freight station, taxation and permits, etc., is looking to tap the burgeoning inland logistics industry. Out of its total turnover, the contract logistics arm contributes roughly 35 percent which will be scaled up to 60 percent by 2020. The eight-year-old firm has been one of the most successful start-ups in the logistics industry and is hoping to achieve a four-digit turnover by the next decade.

116 MOTORINDIA l May 2015

Mr. Rahul Mehra, CEO and Founder of AWL, in an exclusive interaction with Motorindia, shared: “The Company believes in the principle of providing personalized services to its customers and making use of its vast experience in the logistics industry. We obsess over customers, not competitors. For every decision we ask ourselves: what’s in it for customers, and will this delight them? We are truly committed to reshape the current landscape of the supply chain industry in India. More than executing routine projects like exporting and importing of goods (done by freight forwarding companies); we are keen to boost our presence in the inland logistics space. Floater Model & Last Mile connectivity are a few USPs among many that differentiate AWL from others. Furthermore, I am personally maintaining a key focus on warehousing and distribution verticals with an aim to take AWL into an elite league of supply chain integrators. This segment of the logistics industry is growing by 10–15 per cent on an annual basis as a lot of multinational firms are increasingly outsourcing their logistics and warehousing functions.” Jaquar, Red Bull, and Calla-way are some of the marquee clients AWL has allied with for its custom-based solutions. Founded in 2007, AWL is one of the leaders in the Indian logistics industry holding over 500,000 sq.ft of warehousing space connecting and successfully distributing to multiple clients in over 200 cities in India. The Gurgaon-based firm has its presence in various industry verticals like Retail, Lifestyle, FMCG, Consumer Electronics, Infrastructure, Telecom, etc., and will also be eventually getting into e-commerce and automotive industry verticals. Present in all major locations and gateways across India, AWL has an extended network of agencies world-wide and over 65 network agents in major markets throughout Asia, Europe and the US. The company’s overseas partners continue to carry the tradition of service and flexibility to its customers in over 100 countries. Elaborating on its expansion plans, Mr. Mehra noted: “As there is a major uptrend in the market, we are drawing up plans to double our warehouse footprint to 1 million sq.ft and expand into tier-II and tier-III cities. We are already present in major metro cities like Delhi, Mumbai, Calcutta, Chennai, Ahmedabad, Jaipur and Lucknow and are looking to set up our base at Vijayawada, Hyderabad, Indore and Nagpur. Concurrently, we will also be expanding our dedicated fleet size. Having said that, all eyes are on the GST which we hope will get implemented by the Government by 2016.” When asked to shed some light on its fleet of vehicles, Mr. Mehra said: “Although we don’t own our own trucks we have a network of sub-contractors who provide us with the required fleet. But we are looking at the option of leasing it with the automakers in case they launch something lucrative. There are 3.500 vehicles in our fleet which we have taken on a lease basis. We have a mix of small and bigger vehicles, but the key focus is last-mile connectivity. He added: “Although we have tied up with multiple fleet operators, we have basic processes that are customized in terms of audit requirements and checks that we do for our fitness certificates. We have 26-hour mandatory training for them which is linked to their incentives, appraisals, etc. The last-mile vehicles are usually run on green fuel or operated on Euro Level norms. We do use MCVs & HCVs but on a contractual basis for our inter-warehouse stock transfers. Some of the brands we use are Tata Ace, Mahindra Maximo, Ashok Leyland Dost, etc. All these vehicles run on green fuel and customized as per our requirements. We are also using temperature-controlled trucking as a lot of perishable products like beverages re-quire such solutions. In order to maintain standards and pro-vide services to our customers, we have created cold rooms (in our trucks).” Mr. Mehra also expressed his delight that decade-old diesel vehicles have been taken off the Delhi roads even though it might give teething troubles in its systems integration. “I am really happy that the ban on decade-old commercial vehicles will make the eco-system further greener. I personally think that it will give a major boost to the companies like us involved in last-mile delivery as majority of the fleet is small and healthy. A number of countries like Brazil, China, Denmark, etc., have prohibited diesel vehicles or are in the process of doing away with them and imposing stringent taxes on such vehicles. We have already noticed that certain stringent measures need to be taken to ensure that the residents of Delhi do not travel closer to ill-health with each breath they take.- When asked to shed some light on some of the key growth levers. Mr. Mehra remarked, ‘The new government at the Centre is likely to give a massive thrust to the infrastructure sectors like road, power, highways, etc. A region’s industrial and employment base is closely tied to the quality of the transportation system. Good, dependable transportation infrastructure allows businesses to receive inputs to production facilities and to transport finished goods to market in an efficient manner. An efficient transportation system allows companies to lower transportation costs, which lowers production costs and enhances productivity and profits.” When talking about the challenges which might impede its growth prospects he maintained: “Uniform tax structure, skilled workforce, shoddy infrastructure, stalled economic reforms, etc., are some of the crippling issues that should be resolved at the earliest.” Quizzed to spell out the vision for the company, Mr. Mehra concluded saying: “AWL aspires to be one of India’s leading supply chain management companies by 2020. We are committed to re-shape the current landscape of several supply chain activities in India through our dedication and hard work backed by modern technology and aggressive leadership.”

Originally published at AWL to enlarge presence in the contract logistics business

[solvestoconsulting]

Procedure for Changing The Name of Private Limited Company in India

The name of a private limited company can be changed at any time after company registration with the approval of the shareholders and Ministry of Corporate Affairs (MCA) through an online process. The name of a private limited company may have to be changed for a number of reasons including change of objective of the business, change of management, rebranding, etc., The name of a private limited company can be changed at any time with the approval of the shareholders and Ministry of Corporate Affairs (MCA) . As per section 13 of the companies act 2013, a company may change its name by passing a special resolution in a general meeting and receiving approval from the central Government.

A company’s name can be changed due to following conditions:

1. Voluntary Change: The directors or the shareholders may voluntarily decide to change the business name mutually for any justified reason. Names can be used to reflect the vision or any characteristic of the company. Making the name relatable and easy for the consumer can also be a reason to change the business name.

2. Change in the business objective: Change in the name may be required due to a change of business objective. If the name does not truly reflect the altered objective, it can be changed in line with the objective. The company must apply for a change if the Registrar has directed to do so in such a case.

3. Rebranding: Name assumes the brand value of the company and intention to improve the brand value is often a reason to change the name. Also, in industries where trends change over a period of time, an appropriate name can be chosen to be in line with the trend and create a distinct identity. Change of name can prove to be a good marketing strategy to enhance the brand value.

4. Discard Boundaries assumed by the name: Name assumes the brand value of the company and intention to improve the brand value is often a reason to change the name. Also, in industries where trends change over a period of time, an appropriate name can be chosen to be in line with the trend and create a distinct identity. Change of name can prove to be a good marketing strategy to enhance the brand value.

PROCEDURE FOR CHANGING NAME OF A COMPANY

1.Organize a board meeting

A board meeting should be called for passing a resolution to change the company name. In the meeting, the board of directors will discuss and approve the change in name, authorizing a Director or the CS of the company to check name availability with MCA, and calling Extra-Ordinary General Meeting for passing a special resolution.

2.Checking the name availability: The authorized director or company secretary will apply in form INC-1 to MCA for checking name availability and approving the name. ROC will send a letter stating that the proposed name is available. The proposed name shouldn’t be similar to another existing company name, and it shouldn’t include the word “state.” Other conditions existing at the time of initial name approval exist in this situation also.

3. Passing a Special resolution: Once a name is approved by the MCA, the Company must conduct an extraordinary general meeting and pass a special resolution for change of company name, and consequential changes to the Memorandum of Association and Articles of Association.

4. .Filing of Special Resolution and Application to the Registrar:

A special resolution will be filed with ROC within 30 days of passing the resolution. With it, Form MGT-14 will also be filed which contains the details about the special resolution. Following documents are submitted with MGT-14:

§ Certified copy of Special Resolution,

§ Notice of EGM,

§ The explanatory statement to EGM,

§ Altered MOA

§ Altered Articles of Association

Once MGT-14 is filed, the company needs to file INC-24 with the RoC for taking approval of the central government for a name change along with the prescribed fee.

INC-24 will be filed after MGT-14 is filed since INC-24 specifically asks for SRN of MGT-14 filed with ROC. SRN of INC-1 also needs to be mentioned in INC-24. Along with INC-24, a copy of the minutes of the Extra-Ordinary General Meeting where the special resolution was passed also needs to be submitted.

In INC-24, reasons for the name change, details about the number of members who attended the EGM, number of members voting in favor/ against the resolution, and percentage of shareholding are also mentioned.

5. Issuance of New Certificate of Incorporation: If the Registrar of Companies is satisfied with the documents, it will issue a new certificate of incorporation.

The company name change process isn’t completed until the new certificate of incorporation is issued by the ROC.

6.Make Changes to MOA and AOA:Subsequent to the issuance of the new incorporation certificate, steps must be taken to incorporate the new company name in all the copies of the Memorandum of Association, Articles of Association, and Certificate of Incorporation issued by the Registrar.

About Solvesto:

Founded in 2016, Solvesto is a management consulting firm providing Assurance, Taxation and Advisory services. The firm is known for its professional ethos and technical expertise and a team of highly competent professionals, we provide efficacious solutions to our client’s needs, running into deep engagements. Since businesses are inherently different, we tailor our services to meet client’s specific needs and banish the ‘one size fits all’ standardization. We recruit, train, motivate and retain highly capable and sharpest talent, who bring quality in their work and deliver the best solutions.

The firm is Headquartered in Indore with Branches at Jaipur, Jabalpur, New Delhi , Mumbai and Pune and leverage our state of art infrastructure, wide network, best practices and people development programs.

[lovecustomartofficial]

STARTUP REGISTRATION IN INDIA – Solvesto.in

According to tax rules, A startup are often a corporation or an indebtedness Partnership engaged during a business that involves innovation, development, deployment or commercialization of the latest products, processes or services driven by technology or property. It’s a newly established business usually small started by 1 or a gaggle of people. What differentiates it from other new businesses is that a startup offers a replacement product or service that’s not given elsewhere within the same way.

A startup’s paid up capital shouldn’t exceed INR 10 crores.

How to Register your Startup with Startup India Scheme??

The Startup India Scheme is an initiative of the govt of India in 2016. The first Objective of Startup India scheme is that the promotion of the startups, generation of employment and wealth creation.

STEP 1: INCORPORATE YOUR BUSINESS

The first step is to include your Business as a personal Ltd. or a Partnership firm or a indebtedness partnership.

STEP 2: REGISTER WITH STARTUP INDIA

The business must be registered as a startup. you only got to go online to Startup India website and refill the shape with details of your business. Then enter the Otp which is shipped to your email and other details like startup as sort of user, name and stage of the startup etc. After entering these details, the startup India profile is made .

STEP 3: GET DPIIT RECOGNITION

The next step after creating a profile on startup India website is to avail Department for Promotion of Industry and Internal Trade (DPIIT) Recognition.

The main objectives are:

To Support Entrepreneurs.

Creating Jobs and Employment.

For Promotion of Innovative Startups.

To supply all resources and opportunities to startups.

This recognition helps the startups to avail the advantages like access to high property services and resources, relaxation of publicly procurement norms, self certification under labor and environmental laws, easy completing of company, access to funds of funds, tax exemption for 3 consecutive years and tax exemption on investment above fair market price.

STEP 4: DOCUMENTS FOR REGISTRATION:

Incorporation/ Registration certificate of Startup

Details of the administrators

Proof of concept like pitch deck/ website link/video (just in case of a validation/early traction/scaling stage startup)

property right product details : trademark/patent/copyright (Optional)

Pan number

STEP 5: GETTING RECOGNITION NUMBER:

After applying you’ll get a recognition number for your startup. The certificate of recognition is issued after the examination of documents which usually takes around 2 days of your time. Take care at the time of uploading the documents as if it’s found that the documents aren’t uploaded/ wrong documents or forged documents then you’ll be susceptible to a fine of fifty of your paid up capital or minimum of INR 25000/-

BENEFITS OF STARTUP RECOGNITION

a) Patent /Trademark/copyright or a design registration: If you need a patent for innovation or a trademark for your business, you’ll approach from the list of providers issued by the govt. You simply got to bear the statutory fees and thus will get you 80% reduction within the costing.

b) Funding: The key challenge faced by almost every emerging startup is that of the access to funding. Thanks to lack of experience, security or existing cash flows, entrepreneurs fail to draw in investors.

In order to supply funding support, government has found out a fund with a initial corpus of INR 2500 crore and a complete corpus of INR 10000 crores over a period of 4 years ( i.e. INR 25, 00 crore per year). The fund is within the nature of Funds of Funds, which mean that it’ll not invest directly into startups, but shall participate within the capital of SEBI registered Venture Funds.

c) Tax Exemption:

The startup recognized companies are eligible to avail tax exemption under section 80 IAC and Sec 56 of tax act . Under sec 80IAC the entity gets tax exempted for 3 consecutive years & under sec 56- the entities which receive any contribution for issue of shares which exceed the fair market price of shares, they don’t got to pay tax on the quantity exceeding the fair market value( FMV).

Eligibility for Sec 80IAC:

The entity should be a recognized startup.

The entity should be incorporated on or after 1st April 2016 but before 1st April 2021.

Startup is engaged in innovation, development of products or services.

High potential of employment generation or wealth creation.

Eligibility for Sec 56 Angel tax Exemption:

The Entity should be a DPIIT recognized startup.

Aggregate amount of paid up share capital & share premium of startup after the proposed issue of share doesn’t exceed INR 25 crore.

d) Easy completing of Company

Startups registered under Startup India scheme can avail easy exit route for completing of the corporate within 90 days under Insolvency & Bankruptcy code 2016, in case startup business model failed.

About Solvesto :

Founded in 2016, Solvesto may be a service industry firm providing Assurance, Taxation and Advisory services. The firm is known for its professional ethos and technical expertise and a team of highly competent professionals, we offer efficacious solutions to our client’s needs, running into deep engagements. Since businesses are inherently different, we tailor our services to satisfy client’s specific needs and banish the ‘one size fits all’ standardization. We recruit, train, motivate and retain highly capable and sharpest talent, who bring quality to their work and deliver the simplest solutions.

The firm is headquartered in Indore with Branches at Jaipur, Jabalpur, New Delhi, Mumbai and Pune and leverage our state-of-the-art infrastructure, wide network, best practices and other people development programs.

[indira-securities]

Confused about taxes on income from  shares? Here's help

Are you confused about the treatment of taxation on income arising from the stock market? With the July 31st deadline for filing tax returns for individuals approaching near, we share with you a complete guide on taxation of income arising from the stock market.

We all know that income from salary, business income and rental income are taxable. But what about income generated from purchase and sale of shares? People generally think that it is exempt from tax. But this is not true. The fact is, income arising from sale and purchase of shares attracts tax. So let us understand the tax implications on income from the stock market.

The income from stock market can be classified into three broad categories:

Capital Income (It may be short-term capital gain or long-term capital gain)

Speculative Business Income

Non-Speculative Business Income

Now let us understand what each of these means.

Capital Income:

If your transaction frequency is low and you intend to hold your investment in stock for capital appreciation and you earn dividend out of it, then your income will be treated as capital income or capital gains.

Capital gains can be further classified into long term capital gains and short term capital gains. This bifurcation depends on the period of holding the stocks. If you hold your investment for more than 12 months then it will be long term capital gains. Likewise, if you hold your investment for less than 12 months then it will be short term capital gains.

Taxation of Long Term Capital Gains:

Long term capital gains are exempt from tax which means that you are not required to pay any tax if you hold your investments for more than 12 months. Let us understand this by an example.

Example

Let’s say, you purchased shares of Reliance Industries for Rs. 50,000. You sell these shares after 5 years at Rs. 80,000. In this case, the profit earned of Rs. 30,000 is considered as long term capital gains. This is because you are selling the shares after 1 year from the date of purchase. The tax applicable on Rs. 30,000 is nil as long-term capital gains are exempt from tax.

Taxation of Short Term Capital Gains:

Short term capital gains are taxable @ 15%.

Example

Let us understand this with the same example of Reliance Industries. You purchased shares of Reliance Industries for Rs. 50,000. You sell these shares after 3 months at Rs. 55,000. In this case, the profit earned of Rs. 5,000 is considered as short term capital gains. This is because you are selling the shares within 12 months from the date of purchase. The tax applicable on short-term capital gains is 15%. So you are liable to pay a tax of Rs. 750 (5,000 x 15%).

Speculative Business Income:

If you aim to take the advantage of price speculation and do not intend to hold the stock for capital appreciation, then your income will be classified under speculative business income. In this category, your stock holding period is less and the volume of transactions are high. So any profit earned by the trading of shares in intraday (non-delivery) is classified under speculative business income.

Taxation of Speculative Business Income:

Income from speculative business is clubbed with other business income and taxed under the head ‘Profits and Gains from Business and Profession’ (PGBP). There is no fixed rate of tax under this category. The tax has to be paid based on the slab rate applicable to you.

Example

Like for example, your business income is Rs. 50,00,000 and income from intraday trading is Rs. 1,00,000. So to find out the tax liability, your total business income (speculative and non-speculative) is to be added and based on the tax slab, your tax liability will be determined. Like in this example, Total income = Rs. 51,00,000 (Rs. 50,00,000 business income + Rs. 1,00,000 intraday trading income) and you have to pay the tax on Rs. 51,00,000 based on the slab rate you fall in.

0 to Rs. 2,50,000 (0%) – Nil

Rs. 2,50,000 to Rs. 5,00,000 (10%) – Rs. 25,000

Rs. 5,00,000 to Rs. 10,00,000 (20%) – Rs. 1,00,000

Rs. 10,00,000 and above (30%) – Rs. 12,30,000 (i.e. 51,00,000 – 10,00,000 x 30%)

Hence total tax = Rs. 25,000 + Rs. 1,00,000 + Rs. 12,30,000 = Rs. 13,55,000

Non-Speculative Business Income:

If you trade in Futures & Options market, you are a trader. So, any income arising from trading in Futures & Options market is categorised under non-speculative business.

Taxation of Non-Speculative Business Income:

Income from non-speculative business is clubbed with other income and taxed in total at the applicable income tax slab rate.

Example

Like for example, your business income is Rs. 20,00,000 and income from trading in Futures & Options is Rs. 3,00,000. So to find out the tax liability, your total income is Rs. 23,00,000 (Rs. 20,00,000 + Rs. 3,00,000) and you have to pay the tax on Rs. 23,00,000 based on the slab rate applicable to you.

0 to Rs. 2,50,000 (0%) – Nil

Rs. 2,50,000 to Rs. 5,00,000 (10%) – Rs. 25,000

Rs. 5,00,000 to Rs. 10,00,000 (20%) – Rs. 1,00,000

Rs. 10,00,000 and above (30%) – Rs. 3,90,000 (23,00,000 – 10,00,000 x 30%)

Hence total tax = Rs. 25,000 + Rs. 1,00,000 + Rs. 3,90,000 = Rs. 5,15,000

So from the above, it is clear that F&O trading has to be categorised under non-speculative business and intraday equity trading has to be categorised under speculative business.

Taxation of Dividend Received on Shares:

If you receive any dividend on shares held in an Indian company, then such dividend is fully exempt from tax. However, the company has to pay dividend distribution tax at the rate of 15% on the dividend paid by it.

Conclusion

Indira Group is a renowned share trading company. We offer a wide range of financial services like BSE and NSE share market trading, portfolio advisory services, etc. Our team comprises of experienced and dedicated professionals who are experts in their field. We use technical tools for stock analysis and provide best trading strategy in the stock market to our clients. So open Demat account with us today and reap long-term benefits.

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[investocafe]

NEW MONEY MANAGING PRACTICES - AN EYE OPENER !

  The change is continuous in every sphere of life. The one who adopts the changing trends leads a better life especially in the field of finance. The conventional financial rules our parents and grandparents followed are not beneficial in present time. We at Investocafe analyzed how the new money managing practices are more beneficial today.

INVESTING

Earlier Saving and Investments were synonymous to  PPF or FD’s to protect capital and earn a decent interest. Today, post tax returns of most such schemes can’t beat inflation. For long-term goals like retirement, higher education for children, children’s wedding etc, a large allocation to equity is necessary to build wealth that beats inflation in a tax-efficient manner. So the new trend is LOOK FOR HIGHER INFLATION BEATING RETURNS INSTEAD OF GUARANTEED RETURNS. Have a look for various investment instruments below

  Diversified Equity Mutual Fund (@ 15% CAGR),Value of rs. 1 Lakh in 5 years will be: 2, 01,135

 Balance Mutual Fund (@ 12% CAGR) ,Value of rs. 1 Lakh in 5 years will be: 1, 76,234

 PPF (@ 8.5%),Value of rs. 1 Lakh in 5 years will be: 1,50,365

 FD (@ 8 %),Value of rs. 1 Lakh in 5 years will be: 1,46,932

   HOUSING

Earlier, a house meant financial security and a good long-term investment but today, buying a house implies a huge EMI burden. Paying off a home loan early in your career compromises your other financial goals. So the new trend is RENT A HOUSE INSTEAD OF BUYING. The renting a house is more affordable than buying a house as per the Artha Yantra Buy vs Rent Report 2017. Have a look that in present scenario in different cities what is the rental cost and what will be the monthly cost to buy :

Mumbai : Avg Monthly Rental Cost : 42,084 : Avg Monthly Cost to buy: 1,56,887

Kolkata : Avg Monthly Rental Cost : 18,174 : Avg Monthly Cost to buy: 47,737

Bengaluru : Avg Monthly Rental Cost : 19,176 : Avg Monthly Cost to buy: 52,280

Chennai : Avg Monthly Rental Cost : 17,911 : Avg Monthly Cost to buy: 68,908

Delhi NCR: Avg Monthly Rental Cost : 21,094 : Avg Monthly Cost to buy: 70,115

Hyderabad: Avg Monthly Rental Cost : 13,706 : Avg Monthly Cost to buy: 30,955

Kochi : Avg Monthly Rental Cost : 12,347 : Avg Monthly Cost to buy: 41,670

Jaipur : Avg Monthly Rental Cost : 12,150 : Avg Monthly Cost to buy: 36,488

Indore : Avg Monthly Rental Cost : 11,677 : Avg Monthly Cost to buy: 29,965

  TRANSPORT

Earlier, owning a car was seen as a status symbol. Fuel was cheaper too. Today, an efficient public transport system and app-based taxi services made owning a car superfluous. You are also spared the trouble of high fuel bills, vehicle maintenance, driving in traffic or looking for parking space. So the new trend is RENT A CAR INSTEAD OF BUYING ONE. Have a look at the calculation below for average per day cost of possession of a car:

  Average Cost of a hatchback car in India : Rs 6,00,000

Scrap value of car after six year: Rs1,00,000

Net amount goes in effective life of six year : Rs.5,00,000

Cost of car possession (5,00,000/2192 (6 years)) : Rs.229/day

Approximated Car insurance (Averaged at 10,000 yearly) : Rs.27/day

After every 3 year tyre & battery replacement charge : Rs.23/day

Car Maintenance (@ Rs 9000 yearly) : Rs.24.5/day

Interest on car buying amount(@8% on Rs 6,00,000) : Rs.160/day

 Average per day cost of car possession (excluding the fuel expenditure and driver) is Rs 463.5

 Cost of renting a car with driver generally available in India is Rs 12/km to Rs 20/km (Uber )

 Renting a car is much cheaper than actually owning a car.

 GOLD

Lack of awareness and traditional inclination towards gold made earlier generation invest heavily in physical gold. Today, gold bonds/ gold ETFs or mutual funds prove to be more beneficial over physical gold, on many fronts. So now the new trend is BUY GOLD BONDS INSTEAD OF GOLD JEWELLERY OR PHYSICAL GOLD. Have a look:

  Liquidity;

 Gold Bonds: Low

Physical Gold: High

Gold FTE : High

 Interest;

 Gold Bonds: 2.75%

Physical Gold: Nil

Gold FTE: Nil

 Charges;

 Gold Bonds: Nil

Physical Gold: Locker, Making Charges, Insurance Premium:

Gold FTE: 1% on Expense Ratio

 Taxation;

 Gold Bonds: Tax on Interest

Physical Gold: Nil:

Gold FTE : Taxes if sold before 1 year

 Risk;

 Gold Bonds: Nil

Physical Gold: High

Gold FTE : High

  INSURANCE

The conventional or conservative approach towards insurance is a mix of insurance and investment. Insurance is a bad investment and investments don’t provide insurance. They don’t actually provide the best of either. Insurance should be taken to cover your liabilities and Term insurance is low-cost insurance that comes with higher cover for a lower premium. It does not provide returns and is treated as an expense. But a comparison between endowment policy and term insurance clearly emerge Term insurance as winner. Have a look at the comparison between Endowment plan and mix of Term Plan with SIP below.

LIC Endowment Vs Term Insurance Plan with MF investment:

 LIC new endowment plan for Rs. 50 lakh cover:

  At 30 years age for a period of 30 years or 60 years age

  Monthly premium is Rs. 13293 for 360 months (30 years)

  Total maturity amount at the age of 60 years would be Rs.1.77 crore

  Term Insurance plan of ICICI Pru for Rs. 50 lakh cover and SIP in ICICI value discovery fund

  From 1 st to …… 360 months

Term Plan Premium:  426……..426 :  Total (@ 12% CAGR)

SIP Amount:  12867……………12867  : Total Rs.4.54 Crore

  Visit www.investocafe.com to know about mutual fund investment options and stay on path of financial freedom

Happy Investing!!!

  Written by: Anvesh Pandey, SEBI Registered Investment Advisor

To get in touch, write on anvesh.pandey@investocafe.com or reach through www.investocafe.com

[antraweb]

CAIT & Tally Solutions come together to Educate Traders on GST

With GST rolling out in few months down the line, it’s important that every industry/sectors get to know what exactly it is. In order to make aware about the GST regime and for its seamless adoption, the Confederation of All India Traders (CAIT) has joined hands with Tally Solutions, a software product company that has created Tally ERP 9. In combination, both the entities have rolled out a countrywide campaign in order to help traders comprehend the impact that GST would bring on their business. Tally Software experts opine that the GST taxation system is extremely different from the current system as it will result into the merger of all other taxes such as excise, service tax and VAT. So, the CAIT felt that it was essential to equip the traders with sufficient knowledge regarding the procedures and compliance formalities under GST. 

The primary aim behind both of them coming together is to impart technological knowledge to the traders during this campaign. The first phase saw holding of around 33 conferences on GST by both the entities in several states of the country which was till 20th December 2016. Several cities held the conferences besides Mumbai such as Ahmedabad, Kanpur, Jaipur, New Delhi, Chennai, Bengaluru, Nagpur, Bhubaneshwar, Rourkela, Raipur, Ranchi, Guwahati, Hyderabad, Indore, Bhopal, Pune, Chandigarh, Cochin etc. 

The top executives of both the entities said that future mode of business in the country will essentially be carried out through electronic payments and with GST being introduced, the tax will be deposited through either debit/credit card, NEFT or RTGS only. There won’t be any cash or cheque and tax returns, claiming of input credit, communication between traders and tax department and other incidental activities, as all activities will be conducted digitally. Thus, it’s important that the traders and other sectors adopt technology and comprehend the procedures of compliance. They felt that at a time when the government is moving towards e-governance, the businesses cannot remain distant from technology. 

Both the entities in their joint campaign aim to reach out to over thousands of trade associations, Federations & Chambers across India and will also include national organisations of various verticals from the non-corporate sector. The main motive behind this is to train master trainers across the country who’d in turn train traders in their respective states. Tally solutions and CAIT have started their GST conferences across tier 1 and tier 2 cities in India, gradually looking to cover even the smallest towns. This partnership further aims to educate as well as train the trading community of India on how the new tax system will affect their businesses and help members comprehend the significance of adopting new technology in this new age.

[milindnyati]

Welcome to Milind Nyati & Co, your partner in navigating the intricate world of finance, taxation, and business advisory. As a leading Chartered Accountant Firm in Indore, we are committed to delivering unparalleled expertise, innovative solutions, and personalized services to help you achieve your financial goals.

[rehabcenterinindore]

Smoking and Tobacco Addiction: Breaking Free from the Grip

Smoking and tobacco addiction have long been recognized as detrimental to both individual health and public well-being. Despite widespread awareness of the harmful consequences, the struggle to quit remains a significant challenge for many. Understanding the nature of tobacco addiction and exploring effective ways to break free from its grip are crucial steps toward a healthier lifestyle.

Tobacco addiction is not solely a habit; it's a complex interplay of physiological, psychological, and social factors. Nicotine, a highly addictive substance found in tobacco products, binds to receptors in the brain, leading to the release of dopamine—a neurotransmitter associated with pleasure and reward. Over time, the brain becomes accustomed to this dopamine surge, fueling a cycle of dependence. Tobacco addiction is not just a habit, therefore, you can go for the best addiction treatment in Indore by joining a deaddiction doctor. 

Breaking the chains of tobacco addiction involves addressing both the physical and psychological components. Nicotine replacement therapies, such as nicotine gum, patches, and lozenges, provide a controlled way to gradually reduce nicotine intake while managing withdrawal symptoms. Prescription medications like varenicline and bupropion can also help curb cravings and make the quitting process more manageable.

However, conquering tobacco addiction extends beyond pharmacological assistance. Recognizing triggers and developing coping strategies are essential. Social situations, stress, and emotional factors can all contribute to the urge to smoke. Adopting healthier alternatives like exercise, engaging in hobbies, or practising mindfulness can help redirect thoughts away from tobacco.

Support systems play a pivotal role in the journey toward quitting smoking. Behavioural therapy, whether individual or group-based, offers a safe space to share experiences, receive guidance, and learn effective techniques to overcome cravings. Online resources, quitline services, and smoking cessation apps provide additional avenues for seeking help.

Tackling tobacco addiction requires a comprehensive approach, addressing the societal and economic factors that perpetuate its grip. Governments worldwide have implemented public health campaigns, graphic warning labels, and taxation policies to discourage smoking. Educating youth about the risks of tobacco use is crucial in preventing the development of addiction in the first place.

Moreover, promoting smoke-free environments helps protect non-smokers from exposure to secondhand smoke, reduces the normalization of smoking, and provides a supportive atmosphere for those trying to quit. Employers, schools, and public spaces all play a role in creating smoke-free zones that foster healthier choices.

Smoking and tobacco addiction remain pressing public health concerns. Understanding the physiological and psychological mechanisms behind addiction is essential for developing effective strategies to break free. Combining nicotine replacement therapies, medications, behavioural therapy, and support systems empowers individuals to overcome tobacco addiction. Moreover, collective efforts involving educational initiatives and smoke-free policies contribute to a healthier society, reducing the impact of tobacco on individual lives and communities at large. By prioritizing health and well-being, individuals can take meaningful steps toward a smoke-free future.

So, that’s all in this blog, if you or your loved one is suffering from smoking or chewing tobacco addiction, you should go for the the best addiction treatment in Indore by taking the help of a professional deaddiction doctor. 

[milindnyati]

Are you in need of reliable and professional Chartered Accountant (CA) Services in Indore? Look no further than Milind Nyati & Co, a leading firm dedicated to providing top-notch accounting, taxation, audit, and advisory services tailored to meet your unique business needs.

[milindnyati]

Navigating the intricate world of finance and taxation requires a reliable and experienced partner. At Milind Nyati & Co., we are committed to providing expert chartered accountant services tailored to meet your financial needs. With a strong foundation of knowledge, integrity, and personalized attention, we are your trusted advisors in Indore.