Form 15G: How to Download & Fill Form Online 15G for PF
There are many ways to save on tax. One of the most common ways is to fill out the FORM 15G. FORM 15G is a declaration that is ideally filled out by those who hold fixed deposits and are less than 60 years of age and belong to the Hindi United Family. It is filled with the sole purpose to ensure that no TDS or Tax Deducted at Source is deducted from the income for a year. As per the rules, the banks are liable to deduct the said tax or TDS on the fixed deposits, recurring deposits et al. if the interest earned
Read moreWhere Small Businesses Can Go for Help During the Coronavirus Shutdown?
The Indian economy is poorly affected due to coronavirus outbreak. This has worst affected the small businesses in our country. The big companies have enough revenue, contingency funds, and significant customer base to survive the outbreak with not much loss. However, small businesses don’t have enough funds for themselves to survive. Thus, by the time this crisis will come to an end, most of them would be in a situation to shut down. Well, the small business owners can still prevent their businesses from such damage. Let’s take the example of a hypothetical salon in your neighbourhood. Until the coronavirus
Read moreHow Udyog Aadhar Registration Can Be Cancelled In 4 Steps?
Udyog Aadhar Registration has replaced the MSME registration process in India and is mandatory for small and medium enterprises. The reason for launching this registration process was to reduce the paperwork involved in the existing MSME registration process. After its introduction in 2015, the MSME registration has turned absolutely easy and can be done both online and offline. In the MSME registration scheme, the business owner was required to fill the Entrepreneurship Memorandum I and II with the District Industrial Center. However, with Udyog Aadhar, these memorandums are replaced by Udyog Aadhar Memorandum. For this registration, some personal documents as
Read moreSBA Loan Guide for New Business Owners
Business loans are essential for setting up and running any forms of business. It provides the required push that every business looks for. Business loans, after the liberalisation of the finance sector, have become available to all. The competition between financial institutions ensures that the consumer gets added benefits and features and loans at attractive rates. However, the process of availing of a loan may be confusing for many since it does require a lot of paperwork. This article will throw light on how to avail a small business loan for business owners. Before availing of a business loan or an MSME loan, the business owner must ask himself or herself the following
Read moreHow GST Would Impact Small Businesses?
The Goods and Services Tax(GST), which has been advertised by the government in power as the biggest tax reform in the history of the Indian economy, is going to impact each and every business activity as the implementation of GST would imply a number of changes in the existing tax regime. Here are some of the things that you should know about how GST Would Impact Small Business: What is GST? GST is a single tax that will replace all the existing indirect taxes levied on goods and services in India. Both the centre and the state would levy the
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