Process of Incorporation of Private Limited Company

Many clients usually ask me regarding the Process of Incorporation of Private Limited Company. We offer Private Limited Company Registration as one of service offerings. So without further delay, lets jump into the process. Process of Incorporation of Private Limited Company I will divide this into multiple stages to make it easier for you to […]

Take Credit Risks Out of Liquid Funds

Take Credit Risks Out of Liquid Funds Following is the excerpt of Liquid Funds article from a newsletter that I received from Quantum AMC. Our firm is empaneled with Quantum AMC for Investment Planning and Servicing. This article is on the same line of thinking which I have been saying to many of my clients […]

Real Estate company held for anti profiteering charges

Real Estate company held for Anti Profiteering Charges Recently an order was passed where in the the National Anti-Profiteering Authority held a Real Estate company for anti profiteering charges in the case of sale of flats to the buyers.     In Sukhbir Rohila v. Pyramid Infratech Pvt. Ltd. (2018) 9 TMI 1107 (NAA); (2018) […]

Income Tax Mumbai Offices

Income Tax Mumbai Offices Income Tax department has become very vigilant and many people are getting Income Tax Notices. You may have seen this type of online ad that is being published by Income Tax Department   This notices are primarily sent to people who are suppressing their incomes and trying to evade tax. But […]

Partnership with Anand Rathi Wealth Management

Partnership with Anand Rathi Wealth Management   We are happy to announce our partnership with Anand Rathi Wealth Management. The service offerings by both of our companies are very complementary and we will be at your side to support you in your journey to create Wealth. Anand Rathi is a leading full financial services firm […]

TDS on Sale of Property

Tax Advisor view – TDS on Sale of Property In July 2018, Shayna sold a property in Mumbai. Shayna is 26 years old and works as a freelancer consultant for Graphics Design. She did not know about payment of TDS on sale of Property at the time of sale. Also, even the buyer was unaware […]

CA Elections to WIRC Mumbai 2018

CA Elections to WIRC Mumbai 2018 Next Elections to the Council and Regional Councils are scheduled to be held on 7th and 8th December, 2018 in cities having 2500 or more members and on 8th December, 2018 in other cities/towns. The counting of votes for election to the Twenty Fourth Council from Western India Regional Constituency […]

Deduction for the rent paid

Deduction for the rent paid If you are a self employed person or a salaried person who does not receive HRA, you can still get deduction for the rent paid on the house. This deduction can be availed even if you are staying with your parents, however there are certain conditions attached that should be […]

Mutual Fund fees cut by SEBI

SEBI has cuts mutual fund fees, which is very good news for small investors. This was one of the main news to emerge from the SEBI Board Meeting Press Release that was sent out earlier by the Regulator. While this is a Press Release of the Board Meeting and not an actual Circular / Notification, […]

Tax treatment of lump sum rent

One user asked me on Quora – What is the tax treatment of lump sum rent for 2 years received by me from the builder in lieu of temporary accommodation during the time of renovation? Is this a revenue receipt and chargeable to tax or a capital receipt? Following was my answer to them: Basis […]