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Ashiq Rahman

Economy

Saudi Arabia’s Pre Budget Update FY 2022

The Ministry of Finance under the umbrella of Saudi Vision 2030, has issued the Pre-Budget Statement. Economic recovery and revived growth constitute key pillars underpinning fiscal and economic targets for FY 2022 . The governments effort in combating the pandemic have led to minimising the impact, has minimised the threat Read more…

By Ashiq Rahman, 2 years2 years ago
Economy

UAE: 100% Foreign Ownership from June 1st

The UAE government on 19th May, has announced an overhaul of foreign ownership rules applicable to commercial companies which enables 100% stake of onshore companies from June 1st, 2021. It might be an enormous relief for the foreign investors in UAE, now you can invest and own your own business it’s Read more…

By Ashiq Rahman, 2 years2 years ago
Income Tax India

What happens if you don’t file Income Tax returns?

With budget presentation done, it is high time for us to understand the importance of filing income tax return. Every person earning an income above the basic exemption limit is liable to pay Income Tax, no matter what the nature of income is! The income tax act applies to every Read more…

By Ashiq Rahman, 4 years3 years ago
Income Tax India

Restrictions on cash transactions -II

PART – II We have been talking about demonetisation of currency by the PMO India, and several fiscal steps introduced by the government post that phase in order to tackle cash scarcity and to exercise measures to stop forgery as well as the circulation or laundering of unaccounted money. After Read more…

By Ashiq Rahman, 5 years3 years ago
Income Tax India

Restrictions on cash transactions

Its almost 2 years …!! November 8, 2016, was a remarkable day in the history of the evolution of Indian Economy. It was on that night that the prime minister of India announced of demonetization of all 500 and 1000 rupee notes. It was an utmost secret operation, and people Read more…

By Ashiq Rahman, 5 years3 years ago
Income Tax India

Income Tax on Charitable Trusts

Charity is an inevitable part of the rich traditions and religious beliefs in India. No matter how much people run behind money and chase worldly treasures, some void always remains in their emotional space. It’s often said, the more the savings, the more the worries. sharing and caring for the Read more…

By Ashiq Rahman, 5 years3 years ago
Income Tax India

Restrictions on cash transaction -III

We have seen how Demonetization process was initiated, and the supply of cash in the economy was regulated through exercising Disallowance on expenses incurred in cash, or by imposing higher tax rates on several transactions. This part of the article intends to discuss the other restrictions initiated post-demonetisation phase C- Read more…

By Ashiq Rahman, 5 years3 years ago
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