Financial Gym

Starting and running a small business is a dream for many people. But it can be difficult to get the funding you need to get your business off the ground. That's where small business loans come in. In India, there are a number of government and private sector loan options available for small businesses. In this blog post, we will have a look at some of the most popular small business loan schemes and options in India. Here is an interesting fact: Did you know that the Indian government has set a target of lending Rs. 30 lakh crore to MSMEs by 2025? This shows the government's commitment to supporting the growth of small businesses in India. Table of Contents: Popular Small Business Loan Schemes in India Other Government Loan Options for Businesses Private Sector Loan Options for Small Businesses How to Apply for a Business Loan Tips for Getting a Business Loan Conclusion Popular Small Business Loan Schemes in India ...

Introduction Share trading is a popular investment option in India, with millions of people participating in the stock market. Share traders can make profits by buying and selling shares at a higher price than they bought them. However, share traders also need to be aware of the tax implications of their trading activity. Table of Contents: Introduction Capital gains Profit and gains of business or profession How to reduce tax liability Conclusion In India, share trading profits are taxed under two heads: Capital gains tax (CG) : CG is levied on the profits from the sale of shares held for more than one year. Profit and gains of business or profession (PGBP) : PGBP is levied on the profits from the sale of shares held for less than one year, as well as on the profits from intraday trading and F&O trading. Capital gains CG is calculate...

  In the dynamic world of finance, auditors play a pivotal role in ensuring the accuracy and integrity of financial information. They are the guardians of financial transparency, diligently scrutinizing financial records to uphold the highest standards of corporate governance. In India, the role of an auditor is particularly crucial, given the country's rapidly growing economy and complex regulatory landscape. According to a report by KPMG, India has the third-largest number of auditors in the world, with over 2.8 lakh registered chartered accountants as of 2019. The audit market in India is estimated to be worth $2 billion, growing at a compound annual growth rate (CAGR) of 7% from 2014 to 2019.  Table of Contents: Unveiling the Auditor's Mandate Delving into the Auditor's Responsibilities Navigating the Regulatory Landscape The Auditor's Impact Conclusion Unveiling the Auditor's Mandate An ...

  In the dynamic and ever-evolving business landscape of India, establishing a company is a momentous step towards entrepreneurial success. However, the process of company registration can seem like a daunting maze of paperwork and formalities. Fear not, aspiring entrepreneurs, for this comprehensive guide will illuminate the path towards seamlessly registering your company in India. Demystifying the Process: A Step-by-Step Journey 1. Choose Your Company Structure: Embark on your entrepreneurial journey by selecting the most suitable company structure for your business aspirations. Whether it's a private limited company, a limited liability partnership, or a one-person company, each structure offers distinct advantages. 2. Obtain Director Identification Number (DIN): The DIN is a unique identification number for directors of companies in India. Obtaining DIN for all proposed directors is an essential step. 3. Apply for Digital Signature Certificate (DSC): The DSC is the digital equ...

 The Indian stock market has achieved a historic feat by crossing the 20,000 mark for the first time ever. The Nifty 50 index, which represents the top 50 companies listed on the National Stock Exchange, touched an all-time high of 20,005.40 on September 11, 2023. This milestone reflects the strong performance of the Indian economy, the resilience of the corporate sector, and the optimism of the investors. But what does this landmark achievement mean for the investors? Is it a sign of a bull market or a bubble? Should they buy, sell, or hold their stocks? How should they plan their investment strategy in the light of this event? Here are some insights and tips to help you make informed decisions.   Table of Contents: Why did Nifty reach 20,000? What are the implications of Nifty crossing 20,000? How should investors plan their strategy in light of Nifty crossing 20,000? Conclusion Why did Ni...

    The term “CTC” is kind of misleading. But, it clings on based on a technicality. “Cost-to-company” is technically correct, since it’s the cost companies incur on an employee. But, why should an employee care about the cost to the company? He only cares about what he gets. And what he gets is very different from the cost incurred by the company. But, in the long run, he gets almost what was promised. In this post, we are going to discuss some of the common CTC components, their benefits to employees, and their taxability. Table of Contents CTC Components table Leave Travel Allowance Other Allowances and Services Provident Fund Gratuity CTC Components table Sl. No. Particulars Received in Cash / Benefit availed in future Taxability 1 Basic Salary Cash Fully taxable ...

 Let’s take a trip down the memory lane to the days when a new kind of digital currency stormed the internet, turning rags to riches and then consequently riches to rags. Why did this catch the eyes of so many people? What made this different from other types of investments or currencies? A lot of people just jumped in the train without knowing answers to these questions, much like how they do in stock markets. The wise jumped off the train just as swiftly when they were ahead. So, let’s see what the fuss is all about and how it is used and taxed in India? The Technicalities How to obtain/buy cryptocurrencies? Is cryptocurrency a currency or a tradable instrument? Taxation in India Why is cryptocurrency so much frowned upon? Should you buy it? The Technicalities Cryptocurrency is a digital currency secured by cryptography and are decentralized networks based on blockchain t...