Business Updates

Interest on PPF, Savings Bank Deposit crucial for GST registration

Interest on PPF and gst

The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail.   Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … Read more

Cost Inflation Index for Financial Year 2020-21 Notified

Cost Inflation Index

Central Board of Direct Taxes (CDBT) has recently notified the Cost Inflation Index (CII) for FY 2020-21.   Cost Inflation Index for Financial Year 2020-21 Central Board of Direct Taxes (CDBT) has notified the Income Tax Cost Inflation Index for FY 2020-21 or AY 2021-22 at 301. Read the CBDT Notification. Now, we understand the concept … Read more

Now Traders can Restore their Cancelled GST Registration

Restore Canceled GST Registration

Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more

Startups Can Now Issue ESOPs till 10 Years!

startups issue esops

The government has now allowed the startups to issue ESOPs i.e. Employee Stock Ownership Plans to their employees for a period of 10 years from their registration as a startup. This is one of the Government Policies to encourage startup growth and entrepreneurship. Earlier, the limit to issue ESOPs or shares to the employees was … Read more

Uttar Pradesh Govt Provides Interest Relief to Builders

Uttar Pradesh govt provides interest relief to builders

There is a piece of good news for the residents of UP. The Uttar Pradesh govt provides interest relief to builders of different districts of UP. The UP state government has reduced the rate of interest on the land dues so that it can help many people.   3 Administrations where Uttar Pradesh Govt Provides … Read more

Facebook sues Mumbai-based firm for Misusing Domain-name

facebook sues mumbai-based firm

Amid the economic recession due to lockdown, a fresh controversy has popped up as Facebook sues Mumbai-based firm for unauthorized use of several domain names.  Let us know in detail about this case. Why Facebook sues Mumbai-based firm? It can’t be denied that in these days of globalization, the business has grown complex than ever. … Read more

Home Loans to get Cheaper… See How

home loans get cheaper

There is a piece of good news for the Homebuyers— Home loans are soon to get cheaper from next month. Now many people can fulfill their dream to own a house, as the Country’s financial institution,  State Bank of India (SBI), has announced that it will reduce the Marginal Cost of fund-based Lending rate (MCLR) … Read more

What Impact would Extended Loan Moratorium have on EMIs?

loan moratorium extended

In order to give the much-needed relief to the public, the Reserve Bank of India (RBI) had recently announced that the loan moratorium is extended by further 3 months, i.e. till August 2020. This is to help them while the financial disturbance due to the COVID-19 crisis. Here, the loan moratorium means the relief to … Read more