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Blog posts November 2014

Preparing & Writing a Will in India

November 23, 2014

Preparing & Writing a Will in India

As movie follower, we have viewed many cinema’s where the villain incubates a plot to abuse property by producing forged wills or by keeping the lawful beneficiaries oblivious. The scoundrel might likewise attempt to keep the beneficiaries from satisfying the sta…

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Do you know why you can expect an income tax scrutiny notice?

November 22, 2014

Do you know why you can expect an income tax scrutiny notice?

 Income Tax Department has officially recognized 12 lakh citizens who have not recorded their returns, more than 20 Crores high esteem transactions are consistently investigated and Notices/letters to more than 1.5 lakh individuals hav…

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Forms of Business Set-up in Kolkata

November 22, 2014

In the modern trend of growing industrialization, commencement of new business setup has increased to a great extent. However an entrepreneur has to overcome a series of legal and procedural hurdles in incorporating a new firm involving a substantial quantum of cost and time.

In the present busin…

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Salary Components which Can save your Income Tax

November 22, 2014

As per the Income tax Act, 1961 salary is one of the 5 heads of income. Salary comprises of basic salary, bonus, wages, commission, gratuity, encashment of leave salary, advances and arrears, profits in lieu of salary, allowances and perquisites. Salary income is the compensation that an employee is…

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NRE & NRO Account

November 9, 2014

A Non-Resident Indian (NRI) is often faced with the situation of maintaining a Rupee account in India. Primarily there are two reasons for opening such account: NRI wants to repatriate overseas earned money back to India or he wants to keep India based earnings in India.  NRI has the option of openi…

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5 blog posts