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Updates


Budget 2013 : Whats in it for Individuals?

No change in tax slabs for individual taxation. However an additional credit of Rs 2000  has been provided for individuals with income below Rs 5,00,000. The idea behind this additional …

Budget 2013 : Service Tax Voluntary Compliance Encouragement Scheme

The honorable finance minister in his budget pronouncements for the year  has introduced a new tax revenue generation tool called the “Service Tax Voluntary Compliance Encouragement Scheme”  The benefits under …

GAAR : An in depth report

The introduction of General Anti Avoidance Rules (or GAAR), first proposed as part of the Direct Tax Code, in the union budget of 2012 is one of the most significant …

Subscription eCommerce in India : Introduction and Accounting

Subscription eCommerce is a business model that is gaining wide acceptance as the third wave of eCommerce rolls out. As many eCommerce start ups and investors have noted, to their dismay, conversion rates and more importantly retention …

TDS : Tax Deduction at Source- A Basic Guide

While running a business, there are both collection and disbursements of incomes involved. While tax is payable on the collections at the end of the year , reduced by advance …