The biggest acquisition in e-commerce that shook up the world-the Flipkart-Walmart is now being examined by the Income Tax departments in India where the tax body has sent queries to Flipkart-Walmart regarding the $16 Bn worth deal. While Flipkart has responded to the details of the acquisition, Walmart’s explanation is still awaited. The acquisition deal […]
The income-tax department demanded Flipkart to classify its marketing expenses and discounts as capital expenditure and therefore asked the E-commerce giant to pay the sum of Rs 110 crore as tax demand for the financial year 2015-16 due to a reclassification order on how startups are taxed. However, Flipkart does not look likely to give […]
While we have already begun with our new financial year, there is a lot to look forward in the coming months. Finance Minister, Mr. Arun Jaitley did very less for taxpayers or middle-class salaried employees in Union Budget 2018, yet there are a few tax proposals that are going to significantly affect your earnings and […]
In the previous article, we mentioned the steps about how to file the income tax online. If you are still not sure that you can make this process done by itself, don’t worry, we came up with the article on 5 online startups, which can help you to file your income tax without any hassle! […]
The Modi Government has been very active in emphasizing the use and inclusion of new and emerging technologies in its digital space for simplifying resource-heavy procedures to trivial tasks like filing the ITR, which was once filled and submitted manually, is now completely online and autonomous. From huge opportunities in the IT Sector to coordinating […]
In a world that is increasingly going mobile, ClearTax India’s leading Income Tax Returns e-filing website has launched another dimension to the convenience quotient of the Indian consumer by announcing the launch of its mobile app. The newly launched app will carry all the functionalities of the ClearTax web platform, where users can upload their […]
Powered by One97 Communications Ltd., the online mobile wallet and E-commerce website Paytm has recently invested in AbhiBus, a bus ticketing service and ClearTax, an income tax filing website. According to the sources, the invested amount is not yet disclosed and no official announcement has been made. AbhiBus is an online platform, founded back in 2007 […]
Tax-free income for salaried class and pensioners has been raised to Rs 2.9 lakh by way of a Rs 40,000 standard deduction and not by hiking exemption limit as the government wanted the benefit to accrue to honest tax payers, Finance Secretary Hasmukh Adhia said today. The standard deduction, which replaces tax-free transport allowance of […]
Middle East oil producers expected to earn $270 billion less in oil revenue amid the coronavirus pandemic.
The Indian government exempted all Indian startups that are registered with the DPIIT from the so-called ‘angel tax’.
Indian Finance Minister proposed series of steps to remove angel tax woes of start-ups and relaxation from income-tax scrutiny.
Tax free Startup funding from Accredited Investors