Types of Employee Incentive Schemes

We have made an attempt to explain about the types of employee incentive schemes that can be offered to employees. Employees are one of the stakeholders of the company and they being the main resource for any company, the enterprise…

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Types of Bank Accounts for NRI In India

What is NRI Bank Account: There are many bank accounts that are available to be used by NRIs for various purposes typically called as NRI Bank Accounts. Many of the Non-Resident Indians who go abroad either on deputation of employment…

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Residential Status of Non-Resident Indian(NRI)

Residential Status of NRI The need to determine the residential status of a person, that is be it Individual, Karta of Hindu Undivided Family is very essential, as based on the residential status the person’s liability to pay tax is…

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What is the difference between NRI PIO and OCI

Difference Between NRI PIO and OCI Efforts are made to make this article to guide to explain the differences between NRI,PIO and OCI. Income tax act elucidates about the residential status of persons but there are a few terms that…

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Income Tax exemptions applicable to NRIs

This is a guide to the Income tax exemptions applicable to NRIs to plan their savings in a systematic manner understanding the intricacies of the applicable income tax provisions. NRIs can claim a few income tax exemptions and explore some…

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A quick look @ Income Tax rates for AY 2019-20 & ITR forms applicability for various assessees

Income Tax Return Forms Applicability for the Financial Year 2018-19 ITR 1 – SAHAJ : For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources…

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Convertible Note – A hybrid instrument for raising capital

  A convertible note is an optionally convertible instrument that gives and investor the option (on maturity i.e. when the company raises next round of funding) to convert their debt into equity at a pre-determined discount on the amount paid…

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FILING OF FORM INC-22A

  FILING OF FORM INC-22A 1) Who should mandatorily file form INC – 22A Companies incorporated on or before 31st Dec 2017 which are under ‘Active’ status as on the date of filing shall file eForm INC-22A. 2) What is…

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The Saga of Start-ups and Angel Tax

What is a Start-up? A startup is a company that is in the initial stages of its operations. The promoters basically come up with an idea/ business model that targets the market needs by developing or offering an innovative product,…

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3 ways to build your international company in India

BRANCH OFFICE Introduction of Branch Office  A Branch Office (“BO”) is one of the entry vehicles of a foreign company to enter India and understand the Indian market subject to certain conditions where RBI guidelines need to be adhered. Office…

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