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CA Priyanka Srivastava
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Chartered Accountant & Founder, caMattersOnline
Chartered Accountant & Founder, caMattersOnline

203 followers
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India is the fastest growing and Third Largest Startup Ecosystem Globally as per NASSCOM status report 2014 and is set to become a multi billion dollar industry. Hence, it was imperative to develop a conducive environment for inflow of funds coupled with…

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A private trust is an effective estate planning tool used to resolve many tricky situations such as: providing for the future needs of a special child, protect an estate or carry forward business to next generation. Although there is a lot of…

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The Finance Minister, in his budget speech, has proposed many incentives to encourage entrepreneurship in India. Some of the tax measures which will be beneficial for new start-ups are as follows- 1. Optional lower tax rate for newly setup manufacturing…

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—- New manufacturing companies incorporated on or after March 1, 2016 have been provided with an option either to adopt a reduced corporate tax of 27.55% (where the income exceeds Rs 1 crore but does not exceed Rs 10 crore) or 28.84% (where income exceeds…

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What are the benefits available to senior and very senior citizens? Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not…

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Central Sales Tax (CST) is a tax on sales of goods levied by the Central Government of India. CST is applicable only in the case of inter-state sales and not on sales made within the state or import/export of sales. Inter-state sale is when a sale or…

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Certain forms have been prescribed under CST which are used for different purposes. Form C is used for making interstate purchase at lower rate, Form F is used for transferring goods from one branch to another in different state and Forms E1 and E2 are…

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Features and impact of current system with an ideal GST regime   Current regime of indirect taxes An ideal GST structure Features Goods and services taxed separately* No differentiation between a good and a service; both subject to one tax VAT applies at…

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Credit of CGST paid on inputs may be used only for paying CGST on the output and the credit of SGST paid on inputs may be used only for paying SGST. In other words, the two streams of input tax credit (ITC) cannot be cross utilised, except in specified…

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1. Increase in Surcharge Surcharge is increased from 12% to 15% in case of non‐resident individuals 2. Exemption in respect of certain activity related to diamond trading in “Special Notified Zone”. ‐Exemption u/s 9(1)(i) to Foreign Mining Companies…
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