Gifts from Overseas
It is quite normal for persons to receive gifts from their relatives from outside India. For many it’s a crucial source of funds to meet their needs - living, education or otherwise. Are you one of those who has received or
Tax Withholding obligations under Income Tax Act, 1961 – “Non-Business” Payer
Are you constructing a house? Are you undertaking interior work? Are you hosting a social event such as a marriage function in family? If yes, this article may be relevant for you. In my post of July 15, 2022, I had
Benami – A Law to be aware of
The search of options to earn higher return has always been actively pursued and is much more of a need today. Returns from investment sources generally viewed as relatively safe are even more actively pursued. Seemingly innovative options may be exercised
Purchase of immovable property in India – Tax Withholding under Income Tax Act, 1961
Purchase of immovable property for most in India has aspirational value, while others do so for reasons such as getting returns from rent and appreciation in value. For many of the non-resident Indians, a purpose to invest is also security
Large Scale Electronic Manufacturing in India
With growing demand for electronics hardware, India needs to focus on manufacturing locally for many reasons including sustaining its economic growth, providing large scale employment and reducing foreign exchange outgo. The National Policy on Electronics, 2019 (NPE 2019) vision is to
Renewable Energy (Solar) Policy of Rajasthan State – Investment Potential and Incentives
Rajasthan brought into effect its revised policy on Solar Energy w.e.f. 18th December 2019 called Rajasthan Solar Energy Policy, 2019 (“Solar Policy 2019”). With the stated goal of reducing carbon emission and pollution mitigation, the policy envisages facilitation of stakeholders
Covid-19 and MSME India – Atmanirbhar Bharat
In my post of April 4, 2020, I had highlighted that impact of Covid-19 pandemic on MSME sector in India, the very backbone of Indian economy, would be long term due to its inherent vulnerability. The need of the hour
Covid-19 and MSME India – Time to Act NOW
The Macro-Economic Framework Statement 2020-21 expected the nominal growth of the Indian economy to be 10 percent in the financial year 2020-21. Moody’s Global Macro Outlook 2020-21 recently released cut the India growth forecast to 2.5%1. Micro, Small and Medium (MSME)
Covid-19 and Startup India – Future?
The spread of coronavirus has created an unprecedented economic situation worldwide including in India. In particular it threatens sustainable economic growth and large-scale employment opportunities envisaged under Startup India1. As per the Macro-Economic Framework Statement 2020-21, the nominal growth of
7 Reasons small-mid business needs consulting!
It is a given fact, managing a small/mid business is hard. You’re almost always strapped for time, resources, and budget. You’re most certainly running around in a million different directions, and you definitely can’t afford to waste time or money.