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Opinion - Page 3

TDS & TCS on purchase & sale above Rs.50 Lacs

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June 17, 2021
[By Shaleen Shah (Partner), VNCA] A new section 194Q for Tax Deduction at Source (TDS) on purchase of goods is inserted by Finance Act – 2021 effective from 01/07/2021. Earlier section 206C(1H) was inserted by Finance Act, 2020 and was made effective from 01/10/2020 for Tax Collection at Source (TCS) on sale of goods. Refer our earlier update – Widening

Higher rate of TDS in certain situations from 1st July 2021

[By Shaleen Shah (Partner), VNCA] Finance Act 2021, has introduced a new section 206AB effective from 1-Jul-2021 wherein a payer/buyer is responsible to deduct TDS at higher rate (i.e. twice the rate as specified under the relevant provision of the Income Tax Act or twice the rate/ rates in force;

16 Red Flags For Startup Investors

January 5, 2017
[Source: www.forbes.com; Author: George Deeb] George Deeb is an entrepreneurial CEO, growth expert at Red Rocket Ventures, and author of "101 Startup Lessons–An Entrepreneur’s Handbook" In Red Rocket’s Definitive Checklist for Startup Success, we detailed the many things that startup investors are looking for, before making an investment. But, I
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7 Strategies For Raising Your First Million In Startup Capital

October 22, 2016
[Source: www.forbes.com] Raising startup capital doesn’t have to feel like climbing a mountain. Neeraj Berry, cofounder of healthy food delivery startup Sprig, Jewel Burks, CEO and founder of visual search technology company Partpic, and entrepreneur and angel investor Wayne Chang, offered easy lessons on raising capital during the Forbes Under
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Exporters need to prepare for GST

October 18, 2016
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[Source: www.thehindubusinessline.com; Author: Ajay Srivastava] GST will usher in a new regulatory regime for India’s exports. For the manufactured product exporters, the most significant impact would be the increased requirement and blockage of working capital. For manufacturing a product, a firm buys locally or imports raw material and machinery. The
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Build a business, not just a startup

July 30, 2016
[Author: Abhishek Sanyal; Source: yourstory.com] Have you ever wanted to start something of your own? Of course, you did! I did too. And the startup scene in India is very encouraging and inspiring today. There exists an ecosystem with angels, mentors, VCs and scores of other founders. It is brimming
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Is higher service tax fuelling black money in the system?

April 26, 2016
[Author: Latha Venkatesh, Executive Editor, CNBC-TV18; Source: www.moneycontrol.com] One criticism of bankers and money market dealers of the Reserve Bank’s monetary policy conduct in the past year has been the rising liquidity deficit in the interbank market. Since December 2015, banks have been borrowing Rs 1.5-2.5 lakh crore from RBI
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