HENCY R SHAH AND ASSOCIATES

  Budget Expectation 2023 Countdown has begun for Budget 2023. Here are a few expectations from Union Budget 2023: Education sector deserves a top spot in this year's Union Budget Increase section 80C limit to Rs 2 lakh Expectations on Cybersecurity in India Government must enhance old regime tax slabs Startups seek a simplified tax regime, reduction in MAT Budget should encourage investments in core R&D on AI and Robotics Budget must create a favorable climate to make India a part of the worldwide supply chain Budget should focus on falling imports, the impact of a slowdown Industry looking forward to policy announcements and allocations designed to support startup ventures Enable SaaS start-ups to navigate compliance and legal requirements faster Corporates seek tax relief measures for work from home employees Digitization has eased tax compliance Hike standard deduction to Rs 1 lakh Unified income tax filing form Income Tax relief for small taxpayers Tax kit

What is the future of Adani Group? Here are a few facts to know about the Adani Group: Almost 83% of Adani's wealth has been built in the last 3 years. Most of this is reflected due to the inflation of their stock price. How does this work? Think about it this way: if you own 75% equity in your company (valued 100Rs), then you have ₹ 75. But, suddenly if the stock price goes up to ₹ 300, you are now worth ₹ 225. This is precisely what is happening with Adani Wealth. Most of it has come due to bloating of the stock prices   Now the allegations are, that by maintaining a "low float" the stock price has been manipulated. How this works: owners own close to 75% of stocks, create a bunch of shell firms, and make them buy more stocks, so the total de-facto ownership goes up quite significantly. Therefore, SEBI has a rule that promoters can't have more than 75% ownership. Since there are very few stocks (supply) and if the demand go

Here's how to manage finances after a job layoff Since your regular flow of money has stopped the next challenge is to have enough money in hand to meet your daily expenses. Following biggies like Meta, Twitter, Amazon, Microsoft, Indian corporates have also been issuing pink slips to thousands of employees. For example, Swiggy announced that it is firing 380 employees as part of its latest layoff process. Similarly, Exotel, a customer engagement platform based out of Bengaluru, has laid off 15 per cent of its employees in the latest layoff rounds. GoMechanic fires 70 per cent employees, founder admits to financial reporting errors At some stage, you will get back to earning, but you need to provide a bridge till such time. While we cannot avoid the situation, we can definitely protect us and our family financially by taking right decisions. The first right move is to take account of your expenses. The immediate action to take is to evaluate expenses into 3 buckets: a) must spend (

Rise of the unbelievable world: AI and Businesses AI is a rapidly growing field that is having a significant impact on businesses of all sizes and industries. AI is the simulation of human intelligence processes by computer systems and it is being used to automate various tasks, analyze data, and make predictions and decisions. One of the most common applications of AI in businesses is the automation of routine tasks. This includes things such as data entry, customer service, and even financial analysis. By automating these tasks, businesses can save time and money, while also increasing efficiency and accuracy. Another key application of AI in businesses is the use of data analysis. With the increasing amount of data being generated by businesses, it is becoming increasingly difficult for humans to make sense of it all. AI can be used to analyze this data and uncover insights and patterns that would not be possible for humans to detect. This can be used for things such as marketing, f

RBI puts on hold NUE licensing RBI is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned as a rival to the National Payments Corporation of India (NPCI). Six Groupings, which included Facebook, Google, Amazon, Flipkart, and others, had applied for NUE licenses. RBI will not grant permission to any of the six consortiums to commence business as all of them have fallen short of the RBI's expectations. It looks like none of the applicants have proposed anything novel or a great technology breakthrough that would have made RBI look over it, almost all of the plans were similar to that of the NPCI, which did not enthuse the RBI. NPCI, established by the RBI and banks, runs the Unified Payments Interface (UPI) and other payment systems. NUEs were supposed to set up and operate a new retail digital payment system and manage clearing and settlement systems that could be an alternative to the bank-promoted NPCI. The applica