SHANGHAI (Reuters) – China said on Sunday it will help firms that produce vital goods resume work as soon as possible, state broadcaster CCTV reported on Sunday, citing a meeting chaired by Chinese Premier Li Keqiang. Non-essential sectors, however, will be allowed flexibility in how they resume operations after the Lunar New Year holiday as […]
Archives for 2020
Income Tax Calculator for FY 2020-21 [AY 2021-22] – Excel Download
![Income Tax Calculator for FY 2020-21 [AY 2021-22] – Excel Download](https://outsourcebookkeepingindia.com/wp-content/uploads/2020/02/income-tax-calculator-for-fy-2020-21-ay-2021-22-excel-download-150x150.png)
Finance Minister in her Budget 2020 speech mentioned that she has made the income tax structure simple. Unfortunately, this is far from truth. What has happened is the budget has given one more option to calculate your taxes. More option means more complexity. We have come up with the income tax calculator incorporating both the […]
Govt to set up of an IPR digital platform to guard patents
Illustration: Rahul Awasthi The budget has proposed to set up a digital platform for seamless application and capture of Intellectual Property Rights. This will promote and safeguard patents at a time when protecting IPR has assumed global significance, as it had become one of the major talk points in the ongoing US-China trade negotiations. “If […]
Govt’s tax move on e-commerce cos likely to raise compliance costs
The union government’s move to draw small vendors and service providers on e-marketplaces into the tax-net could raise compliance costs that may then be passed onto consumers, said industry executives. On Saturday, the union government mandated online marketplaces, which includes companies like Flipkart, Amazon, Uber and UrbanClap, to deduct 1% tax at source while crediting […]
Tax Scams Are Still A Pervasive Problem Let’s Look Out For One Another
Just how deep and wide is the problem of IRS tax scams? Here’s one, recently detailed in the New York Times: From 2012-2016, a sophisticated international ring of scammers, posing as Internal Revenue Service or immigration officials, were calling victims with threats of arrest, deportation, or other penalties if they did not immediately pay their tax […]
Apple store closings in China could delay 1 million iPhone sales, Wedbush says
Apple staff (red t-shirt) and a customer (R) wearing protective facemasks are seen inside of an Apple store in Beijing on January 30, 2020 NICOLAS ASFOURI Apple’s decision to temporarily shutter its stores in China as a result of the new coronavirus could delay up to 1 million iPhone sales but is unlikely to have […]
For Trump administration, coronavirus quarantine presents a fine balancing act
Secretary of Health and Human Services Alex Azar and members of the Trump Administration’s Coronavirus Task Force hold a press briefing at the White House on January 31, 2020 in Washington, DC. Sarah Silbiger | Getty Images U.S. health officials have instituted a mandatory 14-day quarantine of Americans traveling from China, starting this Sunday, marking […]
Income Tax Slab FY 2020-21 – Budget 2020-21 Review
Union Budget 2020-21 is released by Finance Minister Nirmala Sitharaman. Income Tax Slab for FY 2020-21 is revised in new budget. Now you need not to pay tax for income up to 5 Lakh. Additionally tax percentage is also changed. At first instance it seems to be very good budget for middle class. But, it’s […]
For under $25, this QuickBooks training helps keep your small business accounting on point – The Next Web
TLDR: The Quickbooks Pro Desktop Certification Bonus Bundle breaks down what every small business owner needs to know to use the heritage accounting system, all for only $24.99. Small businesses have to work lean, which often means employees wear several hats to keep business operations running smoothly. Most of those boutique outlets can’t afford to […]
New Reduced Tax Slabs – What it means for you?
The highlight of Budget 2020 speech was “new, simple and reduced income tax slabs”. It was very well received by the audience and people were exited that they would save a lot of money! But as usual the devil lies in the details. We went through the finance bill and as we read through it […]