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CA SRIYANS

Implications of GST on Imports

Imports and exports play an important role in determining the economic health of the country and also ascertaining the company’s economic health. Though Imports are discouraged, but no country is self-sufficient to meet their economic and consumption needs. In 2020-21, Indian imports were valued at approximately US Dollars 390 billion. These are the Types of Imports: 1. Import of Goods The definition of import of goods is in IGST Act,… Read More »Implications of GST on Imports

Why It Is Important To Check Form 26AS Before Filing Income Tax Return

There is a huge requirement and importance of checking thoroughly of Form 26AS before filing of ITR, as it is an Annual tax statement which provide the details of tax paid, tax deducted at source or tax collected at source as the case may be of the respected assesse. Assesse should disclose the corresponding income essentially in his/her income tax return which is reflecting in the Form 26AS against which… Read More »Why It Is Important To Check Form 26AS Before Filing Income Tax Return

Legal Entity Identifier (LEI)

The Legal Entity Identifier (LEI) code is known as a key measure to enhance the financial data system’s quality and accuracy for better risk management post the Global Financial Crisis. Regulatory Authority of Legal Entity Identifier GLEIS a.k.a. The Global LEI System has been set up by the regulatory authorities which is G20 and the Financial Stability Board (FSB) to strut the global financial crisis. The online portals of the… Read More »Legal Entity Identifier (LEI)

Tips to Avoid Emotional Investing

Investing is all about informed decisions which are based on your knowledge of the market and insights from analytics. Market sentiments are influential to decide the market’s course, but you need to keep yourself away from emotions while investing in Systematic Investment Plan investments or even in equities. If you are active in online mutual funds, you can keep your emotions aside with the help of the following tips. Here… Read More »Tips to Avoid Emotional Investing

Understanding Crypto Currency and NFT & Related Taxability

Cryptocurrencies are a type of digital money. Bitcoin was the first cryptocurrency since their release in 2009, now there any different kinds of cryptocurrencies. It can be bought or sold with other currencies, used to purchase goods from sellers who are willing to accept cryptocurrencies as payment, make investments in many assets and are being retained as investments themselves. What is Non-Fungible Token (NFT)? NFT a.k.a. non-fungible token is a… Read More »Understanding Crypto Currency and NFT & Related Taxability

Understanding the Taxability of ESOP Gains

According to the companies Act, 2013-Section 2(37), ESOP a.k.a. Employees stock option schemes  is an option given to the directors, employees or officers of the company or their holding & subsidiary company, the right to purchase or benefits or subscribe for the company’s shares at the pre-determined price for a future dates. Hence ESOPS are issued to motivate their current employees or directors through giving them stake in the company’s… Read More »Understanding the Taxability of ESOP Gains

How To Maximise Your Tax Saving By Choosing The Right Insurance Policy For Yourself & Family?

Insurance is the highest form of assurance and current pandemic scenario proved it. Insurance is a binding agreement between the insurer and the insured, depending on the purchased policy you will get the access to the best form of care. The underlying requirement is to make sure you and your loved ones are always protected whatever will be the situation. Income Tax Deductions- Section 80D and 80C There are various… Read More »How To Maximise Your Tax Saving By Choosing The Right Insurance Policy For Yourself & Family?

Impact of GST on Bitcoin or Cryptocurrency

In this article we will discuss how the traders of cryptocurrency should liable to pay GST on exchange of Cryptocurrency in India. Treating Bitcoin or Cryptocurrency as a Goods Definition of Goods and Services Definition of Goods –GST Act’ 2017- Section 2(52) The term “Goods’’ means each type of movable property other than money & securities but includes actionable claims, growing crops, grass & things attached to or land’s forming… Read More »Impact of GST on Bitcoin or Cryptocurrency

How to Apply DIN Before Incorporation of Company

In this article, we will discuss about can an Individual apply for DIN before Incorporation of Company and what will be the process? If someone wants to get Director Identification Number (DIN), but such person does not have any relation with any Company and right now do not want to incorporate Company. Can such person apply for DIN? If yes, then what will be the process of the same? A.… Read More »How to Apply DIN Before Incorporation of Company