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Financial Freedom - How to set up Financial Goals

Wishing a New Financial Year-2018-19 to all of you from Team JSRA.
This is our privilege to associate you since long as a client, friend and mentor to the business and I should start with a warm message - Happy new financial year-2018-19. It is rightly said that a good beginning makes a good end. Therefore, to convert this beginning into a tremendous starts, it makes sense to make some resolutions of New Financial Year - resolution to plan our expenses/plan our income, resolution to achieve Financial Freedom, Financial Goals and make your money work for you etc. It is better to come to the point. Here are some things you must consider today, tomorrow and for the whole year and of course for the life time:
1.Analysis of your ‘Income Expenses Structure’ (Budgeting) 2.Spend Smarter 3.Set your Financial goal for whole Financial Year 4.Prioritise your debts 5.Have right asset allocation 6.Magic of tax planning
Recent posts

CODS, 2018 extended till 30th April, 2018 (the Condonation of Delay Scheme, 2018 (CODS)

Dear Sir/Ma'am,
Greetings From Team JSRA!
This is with requests of various stakeholders, Ministry of Corporate Affairs (MCA) has extended the Condonation of Delay Scheme, 2018 (CODS) upto30.04.2018, which is otherwise expiring today (31.03.2018). 
Thus, all companies with status as “active” can directly avail CODS and get rid of the disqualification. Other Ways: This extension, in a way, will also give the opportunity to the directors of “struck off” companies to continue approaching High Court to seek suitable directions in view of the latest judgment of the Division Bench of the High Court of Delhi and avail CODS. Copy of the General Circular extending the CODS Click here to download
Copy of the judgement of Division Bench of Delhi High Court 

$~18-21,23,24,27-29,31,33-35,37,39-43,45,47-50,52-59,61-65,67-69,71-72,74,75,77-80 *IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 9439/2017 & CM No.38418/2017; W.P.(C)No.9788/2017, CM Nos.39820/2017 & 8378/2018; W.P.(C) 470/2018, CM No…

GST update

The Hon’ble President, Mr. Pranab Mukherjee, has given his assent to the four key Goods and Services Tax (“GST”) Bills, after they were passed by the Parliament. The four GST Bills viz The Central Goods and Services Tax Act, 2017The Integrated Goods and Services Tax Act, 2017The Goods and Services Tax(Compensation to States) Act, 2017The Union Territory Goods andServices Tax Act, 2017 which are now notified and enacted. Earlier, these Bills were passed in Rajya Sabha on April 6, 2017 and by Lok Sabha on March 29, 2017. Recently, with Presidential nod, the much-awaited indirect tax reform i.e. GST further moves closer for the roll out of one-nation-one-tax regime from July 1, 2017. Further, the State Governments need to pass the State GST Bill in their respective assemblies to switch on to the GST regime, which would be more or less the replica of the CGST and UTGST Bills.

Foreign Contribution (FCRA Registration Process and all)

The statutory provisionUnder Section 6 of FCRA, it is clearly provided that any organisation having a definite cultural/ social/ educational/ religious/ economic object shall only accept foreign contribution after satisfying two conditions :(i) It must registers itself with the Central Government.
(ii) It must agrees to receive foreign contribution only through one specific bank account.The statutory provisionProvisions under section 6(1) and 6(1-A) are as under :“Certain associations and persons receiving foreign contribution to give intimation to the Central Government : (1) No association [other than an organisation referred to in sub-section (1) of section 5] having a definite cultural, economic, educational, religious or social programme shall accept foreign contribution unless such association—

(a) registers itself with the Central Government in accordance with the rules made under this Act ; and

(b) agrees to receive such foreign contributions o…