With an object of making Gujarat one among the top five tourist States of India in terms of local, national and international tourist footfalls by 2025, the state government has announced many incentives / subsidies schemes for tourism industries. To encourage tourism units like Hotel, Motels, Resorts, water parks, amusement parks etc the Gujarat Government has declared thirteen different […]

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Due to its economic stability to the international market, Dubai, a dream country starting to attract the business investors around the worlds.  The Business startup has been always encouraged by Dubai. Current market trends in Dubai offer plenty of opportunities for foreign investors to tap into imports and export of commodities, as well as taking […]

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Gujarat Government has introduced a Scheme for financial assistance to Plastic industry by way of Interest Subsidy and VAT incentive. Interest Subsidy and VAT incentive to Plastic industry came into force from the date 01.01.2015 and will remain in operation for a period of five years. Who is eligible? The New Start Up which are registered […]

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The government today lowered the corporate tax for new manufacturing units at 25 per cent with a view to promote industrial activity and generate jobs. With regard to small units having a turnover of Rs 5 crore, the corporate tax rate has been reduced from 30 per cent to 29 per cent, Finance Minister Arun […]

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– The limit of turnover under the presumptive taxation scheme revised from Rs 1 crore to Rs 2 crore for medium or small enterprises. So, anyone with a business of Rs 2 crore can presume that an income of 8% and would not require to maintain books, profit & loss statements or audits.Limit under section […]

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For individual tax payers the budget 2016 has proposed three major tax changes:   – Increase in surcharge from 12% to 15% on income tax payable by individuals with total income over Rs 1 crore. – Tax rebate for those with income up to Rs 5 lakh has been hiked by Rs 3000; and extended […]

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Who Can Get the Subsidy for Start Ups I.   Any individual or group of individuals having innovative idea or Concept will be eligible. II. Universities or education institutions, Incubation Centre/PSUs/R&D Institutions/Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee. Which Activities Are Eligible for Subsidy to Start Ups […]

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India has 126 unregistered business for every one registered business, as majority of businesses operate as proprietorships or partnership firms. Despite the introduction of new business entities like Limited Liability Partnership and One Person Company, the adoption of corporate entities is slow among the Indian Entrepreneurs. Popular notion and myths about maintenance of a corporate […]

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Starting a new business requires certain amount of capital. The amount of investment required to start a business would differ based on the business model and the business plan. However, the investment in the business has nothing to do with the success of the business or potential size of the business. For instance, Infosys started […]

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