Income Declaration Scheme, 2016

The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare the undisclosed income and pay tax, surcharge and penalty totaling in all 45% of such undisclosed Read more about Income Declaration Scheme, 2016[…]

Conditions for Start up

1. It must be an entity registered/incorporated as a: a. Private Limited Company under the Companies Act, 2013; or b. Registered Partnership firm under the Indian Partnership Act, 1932; or c. Limited Liability Partnership under the Limited Liability Partnership Act, 2008. 2. Five years must not have elapsed from the date of incorporation/registration. 3. Annual Read more about Conditions for Start up[…]