Here’s the consolidated data of Cafe Coffee Day (CCD) for the last 10 years, including the number of outlets, operational vending machines, Value Express kiosks, and the number of cities where they were present: Year Cafe Outlets Operational Vending Machines Value Express Kiosks Cities 2014 1,700+ 30,000+ 300+ 200+ 2016 […]
Continue readingTax-Efficient Remuneration Strategies for Directors in India: A Comprehensive Guide
Below is the table that outlines various remuneration methods for directors, their maximum limit (where applicable), and whether tax is applied or not. Remuneration Type Maximum Limit Tax Applied Business-Related Reimbursements Actual expenses incurred No Medical Reimbursements ₹15,000 per year No Dividend Income ₹10 lakh per year (tax-free) Yes, beyond […]
Continue readingList of options transferring money internationally from Japan
1. Revolut Japan 2. N26 (in collaboration with TransferWise) 3. Kantan Pay 4. WorldRemit 5. KoraPay 6. TransferGo 7. PaySend 8. PayPal 9. Skrill 10. Western Union 11. PayPay Bank (formerly Japan Net Bank) 12. Remitly
Continue readingHow to change Mobile number at Wise.com?
Here’s what you can do to change your phone number on your Wise account: Please follow these steps to update your phone number successfully. If you continue experiencing issues, there might be specifics we need to address on a case-by-case basis. You can also give us a call if you […]
Continue readingWhat is best way to transfer money from Japan to India
Transferring money from Japan to India can be done through several methods, each with its pros and cons. The best method depends on factors like transfer speed, fees, exchange rates, and convenience. Here are some of the most popular options: 1. Online Money Transfer Services 2. Bank Transfer 3. Western […]
Continue readingLetter of Undertaking (LUT) is not Filed for previous year
Scenario Overview: Imagine you’re a business owner who has successfully exported services and received payment within the stipulated timeframe. However, you suddenly realize that you didn’t file a Letter of Undertaking (LUT) for the financial year (FY) 2019-20. While you’re applying for an LUT for FY 2020-21, this oversight comes […]
Continue readingDemand paid and challan has CIN with/without open challan details
The terms “Demand paid and challan has CIN (without open challan details)” and “Demand paid and Challan has CIN (with open challan details)” refer to the status of the payment of a tax demand and how it is reflected in the Income Tax Department’s records. Here’s what they mean: 1. […]
Continue readingFiled the ITR and PAID the tax online on incometax but still getting demand notic
Understanding the Issue: It seems that when you filed your Income Tax Return (ITR) and paid the tax, you did not enter the details of your Self Assessment Tax payment in the relevant section of the ITR form. This means that although you paid the tax, the system didn’t account […]
Continue readingUnderstanding LUT and Bond under GST: A Detailed Guide
Exporting goods and services from India requires careful navigation of the GST framework, particularly when it comes to managing taxes like Integrated GST (IGST). To facilitate exports and reduce the financial burden on exporters, the GST law provides two primary options: the Letter of Undertaking (LUT) and a Bond. Both […]
Continue readingUnderstanding Legal Compliances for LUT under GST: A Comprehensive Guide
Exporting goods and services is a vital component of global trade, and for businesses in India, the Goods and Services Tax (GST) regime has introduced several mechanisms to facilitate smoother export operations. One such mechanism is the Letter of Undertaking (LUT), a document that allows exporters to ship goods and […]
Continue readingUnderstanding the Letter of Undertaking (LUT) in GST: A Comprehensive Guide
In the complex world of international trade, managing taxes efficiently is crucial for exporters. The Indian Goods and Services Tax (GST) regime offers a mechanism that significantly eases the financial burden on exporters: the Letter of Undertaking (LUT). By leveraging the LUT, exporters can ensure a seamless export process without […]
Continue readingJapan Post Debit and Cash Card is not working
The image you provided is a warning about keeping your card away from objects that emit magnetism, which can render the card unusable. Here’s a breakdown of the key points: The general advice is to keep your card away from all these types of devices or items to avoid any […]
Continue readingHow to Use Technical Analysis to Predict Stock Movements
Introduction Technical analysis involves examining past market data to predict future price movements. Unlike fundamental analysis, which evaluates a company’s financial health, technical analysis focuses on price action and volume. It has evolved significantly over the years, becoming an essential tool for traders worldwide. Understanding technical analysis can help investors […]
Continue readingUnleash the Magic of Chennai: Your Comprehensive Guide to Events, Attractions, and Must-See Spots
Chennai, the vibrant capital of Tamil Nadu, is a city where tradition and modernity blend seamlessly. Whether you’re a resident seeking new adventures or a traveler eager to explore, Chennai offers a rich array of experiences that promise to captivate and inspire. Here’s your ultimate guide to discovering the best […]
Continue readingWhat is Professional Tax Enrollment (PTEC) and Professional Tax Registration (PTRC)?
Professional tax is a state-level tax in India imposed on individuals earning an income through salary, practicing a profession, or running a business. In Karnataka, professional tax is governed by the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. This tutorial provides a comprehensive guide on Professional Tax […]
Continue readingComprehensive Guide on Professional Tax in Karnataka
Professional tax is a state-level tax in India imposed on individuals earning an income through salary or practicing a profession such as a lawyer, doctor, chartered accountant, etc. In Karnataka, this tax is governed by the Karnataka Tax on Professions, Trades, Callings, and Employments Act, 1976. This guide provides an […]
Continue readingHow to Pay Professional Tax in Karnataka for the Last Four Years: A Step-by-Step Guide
Professional tax is a state-level tax in India that applies to individuals earning an income from salary or practicing a profession such as a lawyer, doctor, or chartered accountant. In Karnataka, this tax is governed by the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. If you need […]
Continue readingITR: Generate a new challan for the payment of the pending tax
: You want to generate a new challan for the payment of the pending tax including surcharge, cess, and interest without having a prior challan number. Here is how you can do it on the Income Tax e-filing portal: Steps to Generate a New Challan for Pending Tax: Manually Distributing […]
Continue readingWhat is Presumptive Taxation? A Detailed Guide
Presumptive taxation is a scheme designed to simplify the tax compliance process for certain categories of taxpayers, primarily small businesses and professionals. This system allows taxpayers to declare income at a prescribed rate without the need to maintain detailed books of accounts. The goal is to reduce the administrative burden […]
Continue readingTypes of Income and Expenses to Show in Section 44AD & 44ADA Filing
Sections 44AD and 44ADA of the Income Tax Act, of 1961, offer a simplified taxation scheme for small businesses and professionals, respectively. These sections allow taxpayers to declare their income at a presumptive rate, reducing the need for maintaining detailed books of accounts and undergoing audits. However, many taxpayers often […]
Continue reading