Amongst the various new schemes and changes brought about by the Budget, 2016, one of the most talked about and significant change is Income Declaration Scheme, 2016
Income Declaration Scheme, provides an opportunity to persons who have failed to pay taxes from beginning to till date and pay tax, surcharge and penalty.
Last year it was a one-time compliance window under the Black Money and Imposition of Tax Act 2015 to report the undisclosed offshore assets. Now it is an Income Declaration Scheme 2016 to declare undisclosed income from a domestic source.
The Finance Minister in his Budget Speech on 29th February, 2016 surprised all by introducing the Income Declaration Scheme, 2016 which is proposed to come into effect from 1st June, 2016.
Under the Income Declaration Scheme, 2016 a person is required to declare his undisclosed income by paying tax, surcharge and penalty totalling to 45% of such undisclosed income declared.
The Govt. has given an opportunity to persons who have not paid full taxes on their income of earlier years to come forward and declare the undisclosed income under the 'Income Declaration Scheme' (IDS).
Sahakaar is a .NET based centralized database online software for Credit Co-Operative Societies with core banking operations such Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations etc.
Understand the underlying portfolio composition of fixed income investments such as liquid funds and dynamic bond funds. Also, get details into the fund objective and the process of investment www.Quantumamc.com
Understand what are Fixed Income investments such as liquid fund and dynamic bond fund. Also get details into the fund objective and the process of investment.
Find out how to invest in Fixed Income Investments. How it can help investors to preserve capital, create liquidity to shore as an emergency corpus and earn sensible returns.
An ELSS (Equity Linked Savings Scheme) is a mutual fund scheme that invests in equity & equity-related securities.Investors get the benefit of Income Tax saving while investing in ELSS,
The Income Declaration Scheme 2016 (IDS) meant to garner taxes on undeclared incomes has not enthused public interest at large so far essentially considering the 45% payout and in all fairness may not actually culminate into a big kitty for the Government of India unless certain immediate corrective measures are taken.
Websoftex is a .NET based centralized database online software for Nidhi Company Software with core banking operations such Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations etc. Websoftex handles the Members details. Websoftex handles all Saving A/c, Current A/c, FD A/c, RD A/c, DDS A/c. Websoftex handles management of Cheque book, Pass book and Bond. Websoftex handles all kind of Loan operations, Printing Loan Ledger, Automatic Interest Calculations.
Websoftex is a .NET based centralized database online software for Nidhi Company Software with core banking operations such Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations etc. Websoftex handles the Members details. Websoftex handles all Saving A/c, Current A/c, FD A/c, RD A/c, DDS A/c. Websoftex handles management of Cheque book, Pass book and Bond. Websoftex handles all kind of Loan operations, Printing Loan Ledger, Automatic Interest Calculations.
Retirement brings several complications and doubts with itself, but there are several savings schemes offered by the government i.e. Senior Citizens Savings Scheme that are safe and ensure guaranteed retirement income. Now you need not need to worry-for the future as your future is now in the safe hands.
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Explore the investment philosophy and process used for Quantum fixed income products. Find answers to fund and research objective & portfolio construction process used for the Quantum Liquid Fund and Quantum Dynamic Bond Fund. www.Quantumamc.com
Chit Fund Software Bangalore is a online web based software built especially for Chit Fund company with automatic posting of business data to accounts module. Websoftex Chit Fund Software is a .NET based centralized database online software for Chit Fund company with core Chit Fund operations such Monthly Income Schemes, Dividend declarations, Management of Cheque book, Passbook and Bond. Websoftex Chit Fund Software handles all kind of Chit Fund operations .
What are the types of Fixed Income investments? What is the macro and micro analysis during the investment process? What are the fund objectives? Learn more about Quantum Liquid Fund and Quantum Dynamic Bond Fund.
Set the foundation for building an India focused investment management institution across the 4 major asset classes equity, fixed income, real estate, infrastructure Steady growth in assets, disciplined approach attracting clients Need for multiple asset classes to reduce the business risk of being dependent on any ONE product India is not mainstream huge volatility in valuations and client interest
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Pixyrs Softech is a .NET based centralized database build up for Credit Societies with core banking operations such as Daily Deposit Schemes, Fixed Deposit, Monthly Income Schemes, Loan to Customers, Dividend declarations, Recurring Deposits, etc. Pixyrs manages all the Members details. Pixyrs manages all types of accounts such as Current A/c, Saving A/c, RD A/c, FD A/c, DDS A/c. Pixyrs manages all management of Pass book, Cheque book and Bond. Pixyrs manages all type of operations such as loans, Loan Printing Ledger, Interest Calculations Automatically.
Tax saving scheme or ELSS fund are very effective to save income tax from your total income. There are many fund providers in india, offers various tax saving mutual funds some of them are: DSP BlackRock SBI Mutual Fund HDFC Mutual Fund UTI Mutual Fund etc Compare tax saver funds & choose the one that best suits your need.
As the fourth self-employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh fines for abuse of the financial support. The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due. HMRC has created new guidance for agency workers and contractors who work through an umbrella company. If you are self-employed or run a business and need assistance and advice on how the recent announcements could make a difference to you or your business, feel free to get in touch with the experts at Morgan Reach.
The one-time loan restructuring scheme can be availed by individuals and entities who are likely to default their EMIs due to loss of income compelled by the pandemic. They must also not have any overdue EMI for more than 30 days as of 1st March 2020. For MSMEs, this period is 89 days, who have availed a loan of less than 25 crores. Lending banks can recognize these loan accounts as standard and need not book them as Non-performing assets (NPAs).
The vision of our Honorable Prime Minister, Mr. Narendra Modi for ‘Acche Din in India’ brings ‘Housing for all’ scheme. To construct affordable houses where all standardize residential facilities will be provided in one place.
Need a GST Bail Lawyer or ITAT Advocate in Jaipur? Experienced Saxena Law Chambers lawyers can assist you with GST legal matters and Income Tax appeals.
Need a GST Bail Lawyer or ITAT Advocate in Jaipur? Experienced Saxena Law Chambers lawyers can assist you with GST legal matters and Income Tax appeals.
Many clients also require advice around tax exposure, whether corporation and income tax, taxation on interest and dividend earnings, tax liabilities against pension benefits, or handling exposure to inheritance, wealth and property taxes.