Swarajya Consultancy Services

26/06/2023

Small SIPs lead to big success Just like trekking a steep mountain requires an early start to reach the summit, initiating a Systematic Investment Plan (SIP) early is crucial. By beginning early, you can navigate the challenges of market volatility more effectively, ensuring a smoother journey towards your financial goals, much like conquering a steep mountain with adequate preparation.Get started here - https://www.assetplus.in/mfd/scs_financials

09/08/2021

Here is a saving way you can achieve your Financial Goals!!!
Swarajya Consultancy Services] Swarajya Consultancy Services]

24/10/2020

Extension of due date of furnishing of Income Tax Returns and Audit Reports :

In order to provide more time to taxpayers for furnishing of Income Tax Returns, it has been decided to further extend the due date for furnishing of Income-Tax Returns as under:

(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021.

(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is 30th November, 2020] has been extended to 31st January, 2021.

(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31st July, 2020] has been extended to 31st December, 2020.

Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31st December, 2020.

14/10/2020

This is how you can save your tax with practical example for salaried individuals 😁
Share with your friends, relatives etc to know them last date to file incometax return for the year FY 2019-20 i.g AY 2020-21 now is 30th November 2020.
Follow us for more upates related to tax, financial market etc.

03/10/2020

Govt agrees to waive interest on interest on loans up to Rs 2 crore during moratorium.

Those who have cleared their loan dues during the moratorium between March and August will also get the benefit of the waiver.

03/10/2020

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗳𝗮𝗰𝘁𝘀 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 "𝗡𝗮𝗺𝗲" 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗿𝗲𝗽𝘂𝘁𝗲𝗱 𝗕𝗿𝗮𝗻𝗱𝘀/ 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 :

1. "𝗗𝗮𝗹𝗱𝗮"
The famous "Ghee" made of Hydrogenated Vegetable Oil was imported by a Dutch company Dada & Company. To reflect it's ownership, Hindustan Lever added "𝗟 " in middle of Dada.

2. " 𝗗𝗮𝗯𝘂𝗿 "
The eccentric etymology of Dabur comes from it's founding father Dr. S.K.Burman famous for his Ayurvedic Medicines, who was often called in Bengali "𝗗𝗮"ctar "𝗕𝘂𝗿"man.

3. "𝗥𝗮𝗻𝗯𝗮𝘅𝘆"
Two colleagues "𝗥𝗮𝗻"jit Singh and Gur"𝗯𝗮𝘅" Singh of a Japanese Pharmaceutical Company founded a new venture" 𝙍𝙖𝙣𝙗𝙖𝙭𝙮" in Amritsar.

4. "𝗧𝗮𝗻𝗶𝘀𝗵𝗾"
The name "Tanishq" was a masterstroke coined by Xerxes Desai then Vice Chairman & MD of Titan Industries. The name took "𝗧𝗮" from Tata and "𝗡𝗶𝘀𝗵𝗸" means piece of jewelry.

5. "𝗔𝗺𝘂𝗹 "
𝗔nand 𝗠ilk 𝗨nion 𝗟imited of Anand district in Gujarat started the Amul Brand by picking the first letters of the Union's names in 1946 & became India’s first commercially made Butter.

6. "𝗧𝗩𝗦"
A transportation company was founded in 1911 by 𝗧hirukkurungudi 𝗩engaram 𝗦undram Iyengar - Chennai by picking the first letters of his initials. Now it is a well diversified company in many fields.

7. "𝗖𝗶𝗽𝗹𝗮"
The founder Dr. K.A. Hamied initially named the company as 𝗖hemical, 𝗜ndustrial and 𝗣harmaceutical 𝗟𝗮boratories in 1935 in Mumbai. Now it is a leading drug manufacturer.

8. "𝗗𝗲𝗻𝗮 Bank"
It was founded on 26 May 1938 by the family of 𝗗𝗲vkaran 𝗡𝗮njee, an Indian financier more popularly known as C.D. Desai.

9. "𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 𝗮𝗻𝗱 𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 "
Two brothers J.C. and K.C. Mahindra, along with Malik Ghulam Mohammed, set up initially "𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 𝗮𝗻𝗱 𝗠𝗼𝗵𝗮𝗺𝗺𝗲𝗱" in 1945 as a steel trading firm. When Mohammed emigrated to Pakistan to serve as the country’s first finance minister, it was renamed Mahindra and Mahindra Ltd.

10. "𝗪𝗶𝗽𝗿𝗼"
The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "𝗪estern 𝗜ndia 𝗣alm 𝗥efined 𝗢il Limited". Later In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its Chairman at the age of 21 and entered in software development.

08/09/2020

From the Business Media - 8 September 2020

Business Standard

Ø Maruti Suzuki India reports 11% rise in production in August
Ø RBI constituted KV Kamath committee names 26 sectors for restructuring
Ø August power demand close to last year low base level
Ø Air passenger traffic grows around 25% sequentially in August: Icra
Ø World economy unlikely to re-attain pre-pandemic output levels before 2022: Report
Ø Government to sell 15% stake in Bharat Dynamics through OFS
Ø Risks to economic recovery rise as Covid-19 infection rate spikes: Moody's
Ø RBI announces OMO for sale, purchase of govt securities of Rs 10,000 cr
Ø Happiest Minds IPO subscribed nearly 3 times on first day of issue
Ø ED arrests Chanda Kochhar's husband in money laundering case
Ø UK court rejects plea seeking partial reporting ban in Nirav Modi case
Ø Voda Idea to seek shareholders' nod to raise borrowing limit to Rs 1 trn

Mint

Ø L&T evaluating tech for CO2-to-methanol plant
Ø SBI plans to hire more than 14,000 employees
Ø LIC Act likely to be amended to facilitate public issue
Ø Asset quality concerns, defaults see MFs slash exposure to NBFCs
Ø Delhi HC orders SpiceJet to pay ₹242.9 crore to Kalanithi Maran, KAL Airways
Ø Financial service providers must engage openly with fintechs, says Finmin
Ø Global Multidimensional Poverty Index: Niti to leverage monitoring mechanism
Ø Vodafone Idea new brand identity ‘Vi’ reflects spirit of integration
Ø Banks sanction loans of ₹1.61 lakh cr to MSMEs under credit guarantee scheme
Ø Sebi sets March 31 as cut-off date for re-lodgement of share transfer requests
Ø India to maintain sugar export subsidies for third year in a row: Report

Deccan Chronicle

Ø China’s export growth quickens in August, imports edge lower
Ø RBI to set up innovation hub for finance sector
Ø Freefall in Q1 GDP hits companies’ sales, profits; non-banking, non-finance cos take maximum blow
Ø Mutual fund redemption pressure continued in August
Ø Boris Johnson gives October 15 deadline for Brexit deal
Ø UNICEF to lead global procurement, supply of COVID-19 vaccines.

07/09/2020

Here some Home Loan Rate w.e.f 1st Oct 2020.

24/08/2020

🗞 From the Business Media - 24 August 2020

Business Standard

Ø Remove colas from sin tax: IBA writes to FM
Ø Digital payments market likely to grow 3-folds
Ø Airlines need large sums to stay afloot: CAPA
Ø APM Terminals Pipavav's board approves Rs 700 cr expansion plan
Ø Norms framed for 'rules of origin' under FTAs
Ø GST: CBIC makes virtual hearing mandatory
Ø Company incorporations hit 7-year high of 16,487 in July: MCA
Ø Critical road infra to place India on par with US, UK in 2 years: Gadkari
Ø SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report
Ø Aramco sets up corporate development organisation to optimise portfolio
Ø Jindal Aluminium increasing focus on defence, aerospace segments: MD
Ø Govt asks RINL, POSCO to form joint working group for AP steel project

Business Line

Ø Credit guarantee scheme for sub-debt may benefit MSMEs...
Ø Tata Consultancy Services: Back on its feet
Ø Sensex, Nifty 50 test vital resistances
Ø NTPC witnesses bullish momentum
Ø Near-term trend uncertain for gold
Ø MCX unveils bullion index futures

Mint

Ø Adani Ports set to get more time to complete Vizhinjam port project
Ø Adanis close to acquiring GVK’s 51% in Mumbai International Airport
Ø CPCL to commission projects worth ₹2,208-cr this fiscal
Ø Centre to hire Deloitte, SBI Capital to help LIC prepare for IPO
Ø Chemists and druggists body calls for boycott of e-pharmacy biz
Ø India-US trade pact in focus ahead of US presidential polls
Ø VC interest in startups declines in April-June
Ø Equity markets under a spell of irrational exuberance
Ø 69 firms allotted land near Jewar airport, Rs. 2,300 cr investment expected
Ø Motherson Sumi aims to triple sales in 5 years
Ø Lenders turn cautious on fresh credit guarantees

Financial Express

Ø Spectrum value erodes, govt on a sticky wicket
Ø PSBs set aside bulk of profits as provisions
Ø Toll collection per km falls 7% in FY20
Ø Why Maruti is betting big on petrol SUVs
Ø To be a global school, need more foreign students
Ø Global covid deaths exceed 8 lakh

Deccan Chronicle

Ø Don’t read too much into green shoots, it’s a mechanical rebound: Subbarao
Ø India needs to look at ESG factors to attract major FDI investment: Mukesh Aghi
Ø COVID-19 has led to revival of technology, expertise: Infosys co-founder Nandan Nilekani
Ø Power ministry advises telcos to cap late payment surcharge at 12%
Ø YES Bank signs deal to sell two subsidiaries to Prashant Khemka's GPL Finance
Ø Companies saved at least 25% on wage bill last year
Ø Online higher education tipped to grow ten-fold post-Covid, NEP

14/08/2020

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders...
This means that financial institutions and other firms may have to report transactions that are above the prescribed thresholds.
The other transactions that will come under the scanner include payment of life insurance premium of above Rs 50,000, payment of health insurance premium and property tax payment of more than Rs 20,000 and electricity consumption of above Rs 1 lakh.

13/08/2020

Here is brief about announcement made today by
PM Narendra Modi about honouring the honest tax payers. Have look..

11/08/2020

If you ever warry about In Post Offices how many types of deposit accepted and their returns??? As a financial advisory we consider this important instrument for investment purpose as well as Tax saving!!