What’s the right time to raise funds? The best time to raise capital for a start-up is when you have a clear idea of what you want to do and a clear idea of how much money you need to get to a milestone that will set a higher value for your company. In general,… Continue reading ‘WHEN IS THE BEST TIME TO ENTER SHARK TANK’
Author: Bhaskara Consulting Group
Income Tax on Transaction in Stock Market
“With the great income, comes even greater tax” – No! Spiderman didn’t say that! But he might as well have! This is true most of the times because income tax is normally progressive tax – means more income, higher rate of tax. Fortunately, this is not true for tax on capital gains arising from sale… Continue reading Income Tax on Transaction in Stock Market
Tax Compliances for E-commerce Startups
What is E-Commerce? E-commerce is the use of internet for supply of goods or services including digital products. For instance, online shopping or online ticket booking is a form of e-commerce. While E-commerce transactions may be structured in many creative ways, below is the representative structure of an E-commerce transaction which is relevant for Tax… Continue reading Tax Compliances for E-commerce Startups
Income Tax for Freelancers
India is witnessing emergence of generation of freelancers who would rather be their own boss, than work in an organization. Freelancers promote their services, follow leads, negotiate contracts and provide their technical and manual services to client/s. In this sense, they are business owners. This is exactly how their income is treated under Income Tax… Continue reading Income Tax for Freelancers
Alternative Investment Fund (AIF) registration in India
Introduction The alternative investment fund is a fund that is invested in asset classes other than stocks, bonds, and cash. A fund will be classified as AIF, if following conditions are fulfilled: It is an “investment vehicle”; It is pooling funds from multiple investors; Funds are pooled other than by way of capital; There is… Continue reading Alternative Investment Fund (AIF) registration in India
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme
After much trials and error, CBIC has introduced fairly convenient system to simplify compliance for small taxpayers whose turnover is less than Rs.5 crores. The scheme called Quarterly Return Filing and Monthly Payment of Taxes (QRMP) allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. Eligibility A registered… Continue reading Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme
Simplified: Compliances under GST law
“Compliance has nuisance value”, is a simple answer we give to the entrepreneurs wondering about necessity of filing tax returns. Paying taxes and filing tax returns on time won’t add any value to your business. But failure to do so, leads to financial and non-financial challenges for business. Such as: Interest must be paid for… Continue reading Simplified: Compliances under GST law
MahaRERA Registration – List of documents required
In 2016, MahaRERA Act was enacted to provide much needed protection specifically to the buyers of real-estate properties. The law seeks to provide such protection through: (1) Ensuring Transparency & (2) Providing Redressal Mechanism In order to ensure transparency, the law provides for mandatory registration of a real estate project. Registration makes important set of… Continue reading MahaRERA Registration – List of documents required
Ideation to IPO – Entrepreneurs’ Guide to choose Legal Entity
“An idea is only as good as its execution” – a popular saying in the startup ecosystem. When entrepreneurs come up with an idea, rightfully their complete focus is on making that idea work and take the product to the market. Usually, most entrepreneurs are either confused or ignorant about type of entity suitable to… Continue reading Ideation to IPO – Entrepreneurs’ Guide to choose Legal Entity
Process for Conversion of LLP into Company
When the startup’s product is well-received by the market, focus is then on to scale up rapidly. For this, founders may approach investors to raise funds. Investors invest against various securities like equity shares, preference shares, debentures, etc. These securities cannot be issued by an LLP. Therefore, a business operating as LLP must be converted… Continue reading Process for Conversion of LLP into Company