Category: Start up Guidance

START UP INDIA SCHEME: 3 IMP points for Entrepreneurs to know

Start up india scheme has been launched by Modi government to encourage entrepreneurs.  In this article, You can know about three important points about the scheme. Objective of scheme, eligibility of scheme and Benefits of scheme. Start up India : New Initiative by Modi Government Objective of start up India: We are living in society where secure job is everything. People like safety and job is the option. But opposite to it, many person has entrepreneur KIDA. They want to do something different and build their businesses. Start up India is mean to help new start ups and entrepreneurs....

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How to calculate interest on advance tax

Interest on advance tax late payment or non payment is calculated as per section 234B and 234C. Let’s see these provisions separately. Interest on advance tax non payment u/s 234B: Liability to pay interest u/s 234B is arisen when assessee does not pay advance tax or pay advance tax but in short amount. Situations for interest payable Amount on which tax is payable Rate of interest Period for interest calculation When assessee does not pay advance tax completely On assessed tax 1% p.m. or part of the month From 1st April of assessment year to the date of determination...

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