Income Tax Return Filing for Beginners in India

For a beginner, income tax return filing may seem like a big deal. If this is your first time at it, here's are some pointers to help you sail.1. Should I file a Return? The IT department requires that one must file an income tax return if their total income is more than Rs 2,50,000. This total income is essentially the sum of income earned from all sources - salary, interest income from the bank, any rental income etc. Also the Rs 2,50,000 is your gross income before reducing any Deductions. Non-filing of returns may attract some penalties from the IT department.2. All my tax is already deducted? While, TDS may already have been deducted from your salary and other incomes, disclosing all your incomes and filing your return timely is your responsibility. So we go back to the thumb rule of...

How is Your CIBIL Score Calculated?

Today almost no loan or credit card application gets approved without checking the applicant's CIBIL report and CIBIL TransUnion Score. Ever wondered how a person's credit score is calculated? Here's a quick glimpse into what goes into the making of a person's CIBIL TransUnion Score:What is a CIBIL TransUnion score? CIBIL calculates an individual's credit score through advanced analytics and assigns a number between 300 and 900 to a borrower, based on his/her credit history. The closer your score...

Gold Monetization Scheme: Here's How You Can Earn Interest on Your Gold in India

The government on Tuesday released the draft guidelines for its ambitious gold monetization scheme that aims to cut down gold imports in the country. The guidelines have been notified nearly three months after the scheme was announced by Finance Minister Arun Jaitley in the Union Budget. Here's how the gold mobilization scheme is likely to work according to the draft guidelines: 1) The scheme is meant to mobilize gold held by domestic households and institutions. Gold collected through the scheme will be made available to jewelers for manufacturing of new jewellery and other items. 2) The scheme will initially be launched at a few places because the government will have to first set-up infrastructure for facilitating easy and secure handling of gold. 3) Gold collected from consumers will...

8 Clever Ways To Raise Money For Your New Startup

Raising money for your new startup isn’t as difficult as you may think.However getting the right source of funding is slightly more complex. Each source of capital has its own unique advantages and disadvantages. Here are 8 of the most reliable sources when it comes to raising money for your startup. 8 Ways To Raise Capital For Your Startup 1 – Crowd funding While crowdfunding is still in its infancy as a means of raising money for your startup its popularity...

How Do I Know If I Should Take A Job At A Startup?

Imagine if someone asked “would you invest in this company?” Your answer is going to be similar. With a few additions. Here’s the checklist I would follow: A) Has the CEO built a business before? This is not always reliable (Mark Zuckerberg or Larry Page hadn’t built businesses before) but there’s an interesting stat: 85 percent of startups fail. If the CEO has built and sold a startup before, then the odds go down to 25 percent. So you might as well have the statistics on your side. B) Does the company have good funding? By good funding I mean two things: Enough money to last at least a year. And, by the way, this is an important thing to note: if the company has six months or fewer worth of funding then they are already out of business. Which is why “A” above is so important....

Its a shame....Indian Passport Ranked 48 Out of 50 Most Powerful Travel Document: Survey

LONDON:  The Indian passport has been ranked 48th in a list of 50 most powerful travel document in the world, according to a global survey topped by Sweden. Germany-based Go Euro travel comparison website ranked the top 50 countries of the world based on their passport's eligibility for visa-free entry, cost of application as well as number of hours worked to acquire the document. India, which came towards the bottom of the ranking, offered visa-free entry to 52 countries and cost...

UAE drafts law for 100% foreign ownership of firms

The UAE is at an advanced stage of drafting a foreign investment law that would allow 100 percent foreign ownership of businesses in some sectors, the economy minister said on Monday. Sultan bin Saeed Al Mansouri, speaking at an international investment conference in Dubai, did not specify the sectors or say when the law might be passed. The process of drafting and enacting major laws in the UAE often takes years. But the initiative may mark a more aggressive push by the Arab world's second biggest economy to attract investment. At present, foreigners generally cannot own more than 49 percent of any UAE firm unless it is incorporated in a special "free zone". A new companies law, anticipated to take effect within months, was originally expected to relax this restriction, but that reform...

Monkey Teasees Cheatah

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100 Incredible Resources for Tech Entrepreneurs and Startups

General Resources Startup Stash – A curated directory of resources and tools to help you build your startup. Freebie Supply – Awesome free things for entrepreneurs and startups. Startup{ery – A library of the best resources to help you build your business. VC Cafe Startup Resources – A huge list of startup resources (updated over the years). Startups.co – A startup launch platform to help you find customers, funding, press, mentors. Toggl – Free time tracking software to improve workplace productivity. Bootswatch – Free Bootstrap templates. Slimvoice – Insanely simple invoicing. Domainr – Find the best domain names fast. Rapportive – Get LinkedIn profiles right inside of Gmail. Inspiration/Motivation Requests for Startups – A...