Goods and Services Tax (GST) is one of the greatest tax reforms introduced in India from 1st July 2017. It is a value-added tax levied i.e. tax is only paid on the value added during the process of manufacturing. Alternatively, GST can be defined as a destination-based tax where the Read more…
You got answer for this.. Right ? “How can these companies offer 1 crore term plan by charging just a small premium of Rs 10,000. Its surely a racket!” The main source of income for insurance companies is Premium. Insurance companies collect premium and agrees to indemnify for the loss to Read more…
In Today’s newsletter, we are going to discuss the banking industry and is there need to privatize public sector banks Let’s do a bit of time travel and understand the journey of the Indian Banking system Before 1947 – In this phase, nearly 600 banks were present, and during this Read more…
“One thing about our country, that is constant is CRICKET.”-Mahendra Singh Dhoni Headquartered in Mumbai, Dream11 was incorporated in 2007, but in 2012 that the company found its true calling, when Harsh and Bhavit, decided to pivot to a freemium fantasy cricket game on Dream11.com. Now the leader in India’s Read more…
The income tax department has offered a one-time relaxation for verification of returns filed electronically in the last five years that have been pending for want of valid ITR-V forms. Process of Filing Income Tax Return Step-1 Complete Total Income for FY Step-2 Compute your Taxable Liability Step-3 Select Appropriate Read more…
Well it seems everyone is blaming COVID 19 for contraction of the economy and we thought is that really the case? Even before the COVID-19 outbreak, which led to a shutdown of the economy and made way for the worst contraction of India’s GDP in decades in the April-June quarter, Read more…
Remember the time you could just walk into a restaurant—on a date or for a business meeting or just because? It was just a few months ago but it certainly feels like another era. The NRAI said it expects its members to lose up to $10.5 billion in 2020, with Read more…
Context In today’s newsletter we talk about an extension of “Google Tax” also popularly known was “Equalization Tax” Consider an e-commerce giant, headquartered abroad, and operating e-commerce websites across countries, including India. In India, the e-commerce company interacts with sellers and consumers digitally without maintaining any physical presence in India. Read more…
How much water does it take to make a cup of tea? Recipe books would say half a cup Now look at this, it takes 2,173 litres of water to produce a kg of husked rice, out of this, 1,488 litres is rainwater, 443 litres is groundwater and 242 litres Read more…
The Question we keep asking very often is when is “How does WhatsApp makes money?’ Today you would get the perfect answer with complete details right from their beginning to this year 2020. WhatsApp was founded by Jan Koum and Brian Acton in Jan 2009 as a status update feature Read more…