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Small business

Tax Benefits Every Small Business Owner Should Know About

28 Oct 2024

They say that the only true certainties in life are death and taxes. The latter can be especially cumbersome for small business owners, whose profit margins and cash flow can be precarious even before Uncle Sam’s share is adduced. Fortunately, there are plenty of tax advantages that small business owners...

Bewafa Chai-Paan Wala; Sharing Stories Of Love And Heartbreak

10 May 2024

Daag Dehlvi, a renowned Urdu poet of the 19th century, contemplated the vanishing virtue of faithfulness in love. He penned, "Ud gayi wafa yun zamane se/kabhi goya kisi me thi hi nahi," highlighting the disappearance of loyalty from the world, as if it had never existed in anyone. The 'Bewafa...

Government raises minimum paid-up capital requirement for small companies

16 Sep 2022

The Ministry of Corporate Affairs has significantly changed the threshold limit for "small enterprises" paid-up capital yet again. Prior to this change, the Firms Act of 2013's definition of "small companies" had its paid-up capital and turnover criteria raised from "not surpassing Rs 50 lakh" to "not exceeding Rs 20...