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CA SRIYANS

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

How to Arrange Fund for the Business

Starting a business or any new adventure requires money, money is like a fuel to any kind of business. You can start small business and scale up as your products or services to become popular and reaching your new targeted audiences. No matter how little or small, you are most surely going to require money to invest in yourself first – learning new or developing existing skills needed to run… Read More »How to Arrange Fund for the Business

Applicability of GST on Reverse Charge Mechanism for Import of Service

Goods and Service Tax is Levy in accordance with the concept of supply. As per the CGST Act’ 2017- section 7(1) (b), supply includes “import of services” for a consideration whether or not in the course or furtherance of business. As per the IGST Act’2017- section 7 (4), if Supply of services imported into the territory of India will be counted to be a supply of services in the course… Read More »Applicability of GST on Reverse Charge Mechanism for Import of Service

Income Tax on Share Trading

We all know that an individual’s income from salary, rental income & business income is subject to tax. But what about an individual who get income from sale or buy of shares? Many people spend their lot of time in share market to purchase and sell shares but are not sure of how this income is taxed? Income/Loss from sale of equity shares is comes under the head ‘Capital Gains’.… Read More »Income Tax on Share Trading

What are the Impact of Robotics in Accounting?

Robotic Process Automation (RPA) has become one of the fast-growing concepts in globe where the world economy and market climate change in the blink of an eye. By deploying a machine bot to manage labor-intensive and repetitive activities, companies can optimize business processes. What is Robotic Process Automation (RPA)? Robotic Process Automation (RPA) is a technique of automating processes using intelligent software robots (bots) that identify and simulate human interactions… Read More »What are the Impact of Robotics in Accounting?

Section-194Q | TDS on Purchase of Goods | CBDT Clarification

Section-194Q (Tax Deducted at Source (TDS) On Purchase of Goods)-In this article we will know what clarification CBDT provide on the same? 1) Clarification on TDS under section-194Q on GST Component involved in Purchases TCS under section -206C (1H) was collected on Consideration received inclusive of GST since TCS Collection event under this section is “Receipt of Payment”. However for TDS under section -194Q TDS Deduction event is Credit of… Read More »Section-194Q | TDS on Purchase of Goods | CBDT Clarification