"Can be reached at work@namitagad.com CA. Namita Gad has served over 500 clients including start-ups & corporates and headed as CFO for one of the technology start-ups. Her expertise lies in areas such as valuations of shares, company law compliance, due diligence assistance, funding formalities, ESOPs which are also some of the key compliance areas for start-ups. The Firm, Namita Gad & Associates is also into direct, indirect & international taxation, audit & assurance, corporate advisory, labour laws, certifications, start-ups and process automation."
With the year coming to an end, salaried people rush to submit their tax declarations to their employers. It hurts when your employer deducts tax from your reward for 30 days of hard work. In order to save tax, one has to jump through all kinds of hoops; investments in ELSS, fresh insurance policies, PPF, etc. House Rent Allowance (HRA) is one of the favourite tools of the salaried class to save taxes. HRA exemption gives big relief to those paying rent for their accommodation.
Every day we come across with at least one news about fundraising by startups… raising $2billion at a valuation of $18billion, fueled $8million in pre-series A funding, bridge round of $5million and so on. Emerging startup businesses have come up with a variety of innovative ideas but funding is the real challenge. Let us have an overview of different funding rounds in startup.
A distinction to be drawn whether the entire source of income is exempt or only a part of source is exempt. Section 10(38) excludes in expressed terms only the income arising from transfer of Long term capital asset being equity share or equity fund which is chargeable to STT and not entire source of income from capital gains arising from transfer of shares.
We receive gifts in cash, ornaments, land, car, gadgets, vouchers and many more on various occasions like on birthday, marriage, achievements and even sometimes out of gratitude too. Feel special and happy on its receipt, right?
