February 9, 2025

Raise Funds for Startups in India

Startup Funding

Funding refers to the money required to start and run a business. It is a financial investment in a company for product development, manufacturing, expansion, sales and marketing, office spaces, and inventory. Many startups choose to not raise funding from third parties and are funded by their founders only (to prevent debts and equity dilution). […]

ITR 2

itr 2 form

The ITR-2 is filed by the individuals or HUFs not having income from profit or gains of business or profession and to whom ITR-1 is not applicable. It includes income from capital gains, foreign income, or any agricultural income more than Rs 5,000. The ITR-2 is a form used by Indian citizens as well as non-resident Indians

Bootstrapping

Bootstrapping

The term bootstrapping refers to a situation in which an entrepreneur starts a company with little capital. When an individual bootstraps, they rely on money other than outside investments. An individual is said to bootstrap when they attempt to establish and build a company from personal finances or the operating revenues of the new company. Bootstrapping also

Aadhaar Virtual ID

Aadhaar Virtual ID

Aadhaar Virtual ID (VID) is a 16-digit temporary number linked to your Aadhaar card. This innovative feature allows you to use a VID instead of your actual Aadhaar number for authentication and e-KYC services. As a business owner or merchant, understanding VID can help you offer secure verification options to your customers while protecting their sensitive

Receivable

receivable

Receivables, also regarded as accounts receivable, are debts owed to a firm by its customers for goods or services used or delivered but not yet paid for. Receivables are created by expanding the line of credit to customers and are listed as current assets on the company’s balance sheet. They are considered as liquid assets since they can be

GDR (Global Depository Receipt)

GDR (Global Depository Receipt)

A global depositary receipt (GDR) is a negotiable financial instrument issued by a depositary bank. It represents shares in a foreign company and trades on the local stock exchanges in investors’ countries. GDRs make it possible for a company (the issuer) to access investors in capital markets beyond the borders of its own country. GDRs are commonly used

Hindu Undivided Family (HUF) Tax Planning

huf hindu undivided family

HUF stands for Hindu Undivided Family. It is a collective family unit formed for tax-saving purposes by aggregating or pooling assets. It is a joint family structure where the HUF is considered a distinct entity separate from its individual members. The HUF includes Hindus, Buddhists, Jains, and Sikhs. It obtains its own Permanent Account Number

Monetary Policy Committee (MPC) of RBI has cut repo rate by 25 bps to 6.25%

Monetary Policy Committee (MPC) of RBI has cut repo rate by 25 bps to 6.25%

RBI MPC Meeting February 2025, RBI Monetary Policy Committee (MPC) Highlights: The MPC revised the repo rate for the first time in two years, voting unanimously to cut it by 25 basis points from 6.50% to 6.25% in view of easing retail inflation and slowing growth. The rate cut comes even as the Rupee continues

Centrally Sponsored Scheme (CSS) 

central sponsored scheme

The Indian Union Budget 2017-18 allocated 2.78 lakh crore rupees to Centrally Sponsored Schemes. The core of the core schemes and the core schemes are the two types of CentralSponsored Schemes. What is a centrally sponsored scheme? These are schemes that are funded partially by both the Central and State Governments. It is a channel which the

Section 22B – Wealth-Tax Act, 1957

Wealth-tax Settlement Commission (1) The Central Government shall constitute a Commission to be called the Wealth-tax Settlement Commission 45[***] for the settlement of cases under this Chapter. (2) The Settlement Commission shall consist of a Chairman 46[and as many Vice-Chairmen and other members as the Central Government thinks fit] and shall function within the Department of the