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RBI Moratorium – DELUSIONAL RELIEF TO INDIVIDUAL BORROWERS?

RBI Moratorium – delusional relief to Individual Borrowers? WHAT IS MORATORIUM A moratorium refers to a specific period of a loan tenure during which the borrower will exempt from repaying of loan. It is an as a legally authorized period of delay in the performance of a legal obligation or

COVID-19: Coronavirus and Unprecedented Economy

Coronavirus and Unprecedented Economy Impact on Economy There is lot of uncertainity due to spread of Covid-19 virus all over the globe. No one had an idea that this virus would spread at such speed effecting more than 300,000 people all over the world. Covid-19 resulted in death of around

YES BANK CRISIS – WHO TO BLAME RANA KAPOOR, RBI OR GOVERNMENT.

YES BANK CRISIS – WHO TO BLAME RANA KAPOOR, RBI, OR GOVERNMENT? The crisis that hit India’s 4 largest private sector Bank – Yes Bank Crisis is clear indication Raghuram Rajan was worried about, during his term as Governor of RBI. After PMC bank crisis, now it is India’s largest

Residential Status and Incidence of tax in India under Income Tax Act.

Residential Status and Incidence of tax in India under Income Tax Act Updated on 29-02-2018, Akshay Kshirsagar. Residential Status – There are two types of taxpayers- resident in India and non-resident in India. Indian income is always taxable in India. Index DETERMINING RESIDENTIAL STATUS To determine residential status all taxable

Presumptive-Tax: Get 50 percent of your Income Exempted under this scheme.

Presumptive-Tax: Get 50% of your Income Exempted under this scheme. Presumptive Tax If you are a professional i.e Consultant, Blogger, Freelancer or provide any other service which comes under professional income, you can use this Presumptive-Tax. Presumptive-Tax u/s 44ADA of the Income Tax Act is for the professional having income

Budget 2020: Keys changes impacting Investors and Taxpayers.

Budget Highlights 2020: Keys changes impacting Investors and Taxpayers. This budget speech was the longest speech so far where Finance Minister introduced many changes for the taxpayers, Investors and Business. Here are some Budget Highlights 2020. Abolishing DDT (Dividend Distribution Tax) Dividend Distribution Tax is the Tax levied to the