Secured vs Unsecured Business Loans: Risk, Responsibility, and Suitability
Let us say you have been running your business for a few years now. The orders are pouring in, your customer base is growing, and suddenly, you realise that you need money to scale. Maybe it is for a new machine, for hiring more hands, or just to manage the gap between paying your suppliers […]
If you were born or raised in the digital generation in India, you may be extremely familiar with modern methods of payment like instant bank transfers and Unified Payments Interface (UPI) payments. However, before the advent of these payment methods, the cheque was among the most popular ways to transfer money from one account
Gone are the days when sending money to another person involved the tedious use of money orders or cheques. Now, with the advent of digital and electronic banking across India, you can transfer amounts seamlessly to another bank account in real time. This has been possible since 2004, when the Reserve Bank of India
From your monthly salary and rent to sending money home or paying for goods and services, every financial transaction involves the transfer of money between banks. Today, with the evolution of digital banking systems, it is possible to complete bank-to-bank transfers quickly and in a hassle-free manner. The turning point in electronic fund transfers
Electronic money transfers have become easier in recent years, all thanks to the rapid digitisation of India’s banking industry. You can now transfer money from one bank account to another almost instantly, without any hassle. However, to ensure that your funds are transferred to the right account, you need to have the right details
The spurt in technological progress over the decades has resulted in a revolutionary transformation in our governance mechanisms. The most visible effect of this is seen in the domain of citizen empowerment. The use of technological means has brought a paradigm shift in the way citizens use services meted out to them by the
When it comes to filing GSTR-9, understanding the GSTR-9 turnover limit is not just important for complying with tax regulations, but also for ensuring that your business stays on the right side of the law. In simple terms, it is about doing things right in order to avoid unnecessary penalties. The GSTR-9 turnover limit
Return on investments is a ratio that helps you measure the profitability of your investments against the various investment costs. It is typically measured as net income by the original capital cost of the investment. Calculating ROI on an investment like stocks or mutual funds offers you insights into the potential returns on the
India’s startup ecosystem is expanding rapidly, but securing reliable funding continues to be an obstacle for many early-stage companies, especially those without assets to pledge. To bridge this gap, the Government of India launched the Credit Guarantee Scheme for Startups (CGSS) under the larger Startup India initiative. The Startup Credit Guarantee Scheme is designed
The taxation system in India is forever evolving. However, one of the most significant changes was made with the introduction of Goods and Services Tax, the GST. Quite comprehensive in its nature, GST includes many components, and the Input Tax Credit is an important one. As a business owner, Input Tax Credit is not
Understanding the complexities of Goods and Services Tax is crucial for every individual involved in the consumption or supply of goods and services. One such aspect of Goods and Services Tax is the Reverse Charge Mechanism or RCM. As the name suggests, under RCM, the liability to pay taxes for goods and services lies
