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Showing posts from September, 2021

What is Startup? What Benefits or Value addition can be provided by Venture Capital Investors (VCs) to Startups?

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Contents 1. Introduction 2. Definition of Startup 3. Stages of Funding 4. Benefits of Venture Capital Investors (VCs) to Startups Introduction In August 2015,  The Hon’ble Prime Minister , Shri Narendra Modi, announced   The launch of the national flagship initiative – Startup India ,  with a mandate to promote and encourage young entrepreneurs of our country .  With the aim of the initiative to transform India into a Startup nation, “ a country of job creators instead of job seekers ”.  In the initial stage of business, products are generally untested and do not have an established market. Operations of firms are at a small level with no operating history and no comparable firms.  The value of a Startup rests entirely on its future growth potential, which, in many cases is based on an untested idea and may not have been based on an adequate sampling of consumer behavior or anticipated consumer behavior. The estimates of future growth are also often based upon assessments of the

Cyber security Tips - Important Points

Please do not to respond to missed calls from unknown international numbers with prefix other than +91 or calls/SMS about winning prizes/ lottery as these may be fraudulent calls. Do not click on suspicious link or download App which promises fake part/full time jobs. Never pay any money or install any app upon request by unknown/ suspicious person over call. Do not scan any QR code received from any unidentified source. It can lead to unauthorized debit of money from your account. साइबर अपराध की शिकायतों की रिपोर्ट गृह मंत्रालय के राष्ट्रीय साइबर अपराध रिपोर्टिंग पोर्टल (https://cybercrime.gov.in) पर करें । केवाईसी (KYC) बैंक खाता रोकने या बंद करने के बारे में धोखाधड़ी वाले एसएमएस और कॉल से सावधान रहें। कोविड-19 वैक्सीन पंजीकरण लिंक प्रदान करने का दावा करने वाले झूठे एसएमएस से सावधान रहे । Be cautious while responding to missed calls/SMSs from unknown international numbers to avoid fraud and higher call charge

What is the Due Date for Income Tax Return Filing? ITR Last Date for – FY 2020-21 or AY 2021-22

Contents: 1. Introduction 2.  Due Dates for  Income Tax Return filing 3. Belated Income Tax Return filing - Missed  filing Income Tax Return within the Due Date 4. Other Important Questions Introduction It is very important for all the taxpayers to file their Income tax return within the Due Date specified in the Income Tax Laws.  The due date varies on the basis of taxpayers.    The due date for filing Income Tax Returns is the date by which the returns can be filed without any late fee or penalty.  The taxpayers filing their return beyond such due date will have to pay interest under section  234A, 234B, 234C  and penalty under section  234F . Income Tax Return filing Due Dates for the FY 2020-21 (AY 2021-22) 1. Individual / HUF/ AOP/ BOI  (books of accounts not required to be audited)       Due Date - 30th Sep 2021  (extended from 31st July)       Applicable to - All salaried persons, persons opted for presumptive taxation etc. 2. Businesses (Requiring Audit)         Due Date -   30