Ventura Pranas turned 9 last week. A few years ago it seemed like it was just yesterday that we founded the company, but 9 years is long enough to say that my work at Ventura Pranas is a big part of who I am today. It feels good to have persevered.

The government extended the last date for filing income tax returns for the financial year 2018-19 to June 30, 2020 from March 31, 2020

The government lowered the interest rate on delayed payment of advanced taxes, tax deducted at source, tax collected at source and equalization levy, among others, to 9 percent from existing rates of either 12 percent or 18 percent, if the payments are made until June 30.

Contributing towards non-profits or charitable organizations is a fulfilling and somewhat low-effort act on our part that contributes to humanity. Still, you’ll want to at least understand how these can affect your taxes so that you file accordingly, and make sure you don’t end up losing money that could affect the generosity of your contribution in future years.

First, it is important to know that for tax purposes, the law classifies charities and nonprofits according to their mission and organizational structure. Each group must register with the IRS for the section of the law that applies to it.

At Ventura Pranas we have taken on a community initiative to help businesses that we have come in contact with, which are the hardest hit by the crisis, by providing them with short term loans to carry payroll, utilities and rent.

Perhaps we could all do our part by reaching out to people and businesses we have come in contact with and who have provided us with services before and are desperately in need of assistance.

On March 15th, a week before the lockdown began in India, Satish Sridharan (co-founder and partner, Ventura Pranas) thought to himself, “what if an indefinite lockdown happens and things get worse”? India had time to react after watching much of the Western World see the number of Corona virus cases ...

It is with great pleasure and gratitude that we announce to you the acquisition of a firm in Santa Monica, Nadadur Vardhan Inc. This accounting firm has a legacy – a practice since 1984 by an intelligent and creative Tax Attorney, Mr. Nadadur Vardhan, who has grown this firm in much the same niche as we already serve- Indo-US mix of clients. They have a set of clients who have been loyal to them for over several decades.

What this means to you: is that we now have a full fledged office at 2316 Hills Street, Santa Monica (CA), with a team that now offers our entire range of services, from bookkeeping to financial statement audits. Most importantly,.

The Coronavirus has infected our life in many ways. There’s the lack of physical freedom and for those of us less fortunate, anxiety surrounding our daily income. Everyone is thinking about the financial impact, and we wanted to break down a few things that you need to act on, and what you can ignore for the moment.

President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to mitigate the impact of the Coronavirus pandemic.

The CARES Act includes stimulus payments of $1,200 for each individual and $500 for each dependent child, defined by the child tax credit rules as under age 17.

Stories and scenarios you can relate to, for families in the US and in India, to help you understand the complexity (and humour) involved in financial planning.

What Saroja loved most about her life in Chennai, aside from her family, was her activities; her morning walks in the neighbourhood, during which she’d greet many neighbours and catch up on their lives (Nithya’s son finally passed his 12th grade exams on his third attempt), leisurely cook her lunch (curry leaves and spinach from her terrace garden), and her afternoon Bhagavad Gita classes. Her husband had passed away two years ago, and she misses his companionship, but she decided to live a full life ...

Once the basic needs of your loved ones and yourself are met, the biggest luxury of all is time. We’re not referring to immortality, but rather hours of leisure time to reflect, do the things we enjoy, slow down to engage with people, and spend time with the ones we love.

For most of us, this desire is in a constant tug-of-war with our goals, our needs, and the effort required to secure our future. It’s as if we wish time would slow down, but since it won’t, we carry on at this pace, taking decisions at various stages on what to drop and what we can delegate.

The government liberalised foreign direct investment rules in four sectors including single-brand retail trade and digital media to boost investment in the private sector. The Cabinet brought foreign investment rules for the digital media at par with the print media. FDI would be permitted in this sector up to stakes of 26 per cent with approval from the government. It is the easing of stringent local S. It is advised that the timeline for conversion of minimum detail PPIs to KYC compliant PPIs has been extended from 18 months to 24 months...

Form AGILE is likely to be revised on MCA21 Company Forms Download page with effect from 10th August, 2019. Stakeholders are advised to check the latest version before filing.

2 Form SCP, AOC-4 CFS and AOC-4 XBRL is likely to be revised on MCA21 Company Forms Download page with effect from 11th August, 2019. Stakeholders are advised to check the latest version before filing.

It’s an employment-based Immigrant Investor Visa Program, provides a method for eligible immigrant investors to become lawful permanent residents (Informally known as “green card” holders) by investing to finance a business in Unites States that will employ at least 10 American workers. The criterion of 10 American workers does not include the investor and their immediate family. This program affords not only the investor but also their spouse and unmarried children under 21 to become lawful permanent residents.

The revised guidelines issued by the Income Tax (I-T) department have made serious offences under the black money and benami laws generally non-compoundable. It means that an individual or an entity would not be able to get away by just paying the tax demand, penalty and interest. The new guidelines will kick in from June 17.

It will be applicable to all cases for compounding received on or after this date.

A non-resident Indian who wishes to buy a property in India, should be aware of the regulations that govern the acquisition and sale of property, as well as income earned from the property.

In order to attract more foreign investment ...