The Common modus operandi between a Shell Company ( used to convert black money into accounted ) and Angels/VCs genuinely investing into Pvt Ltd is that both are issued shares are a premium. The Govt cannot differentiate the good from the bad, and so the birth of "Angel tax"
Section 56(2)(viib) #Angeltax under the Income Tax law creates a deeming fiction and provides that the excess amount received by Private Limited Company over and above the Fair Market Value of the shares would be deemed as gift liable to tax in the hands of Company.
While the Government took measures to curb the introduction of #Blackmoney, there were #Startups who were fastened with tax liability on genuine raise of capital through Angel Investors and hence the word “Angel Tax” was coined.
The management of @Travelkhana was baffled when the bank account was depleted by Rs 33 lakh and account with SBI was frozen. Similarly, Start-up @babygogo_in Go witnessed that Rs 72 lakh had been deducted as tax recovery. As per News report.
In order to distinguish the bonafide from the malafide, the @CimGOI changed its procedure thrice and the present tax regime is most lenient in granting angel tax exemption and hence I appeal all the Startups to apply for the same.
How I could get 10 years' B1/B2 Visitors US Visa within 6 months without any help of agent.
All you need to know for Indian passports.
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#USVisa #USA
1. Typically, the process for a U.S. B1/B2 Visa involves filling out the DS-160 online application form, paying the visa fee, scheduling an interview for biometric at OFC AND then an interview at the U.S. embassy or consulate, and attending the interview with required documents.
I was delaying the application every year thinking that the process might be too tough and it would takes years' to get US Visa appointment so always ended up with booking other destination Flight ticket than making US Visa Application.
Then, One fine Sunday, I decided to lock myself in the room for two hours till I complete DS-160 individually for all 4 members.
You can access the form online at ceac(dot)state(dot)gov/ceac/
Apart from personal details, You will need to fill in income details as well as details about last 10 countries travelled and address of second kins staying in US.
2. Once you submit DS-160 electronically for each family member regardless of age ; you will receive a confirmation number and bar code on each acknowledgement.
This DOES NOT mean you have got an interview appointment.
Your DS-160 confirmation number would eventually expire after 30 days and In fact you can create as many DS-160 confirmation numbers as you like so the next step is create your account on the US government appointment booking system at www(dot)ustraveldocs(dot)com/and link your DS-160 number. Select Country and Non-immigrant Visa.
Tip : While creating an account, be informed that one of the 2 secret questions and answers you enter will be asked each time you login unlike most other cases where you feel that you will need those only while you forget your password. In single account, you can add multiple famiky members.
So here is how you can plan a 6 Days Trip to Almaty for less than 50k pp all inclusive!
Visit before it becomes the next #Vietnam or #Azerbaijan!
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If your Visa is rejected for Schengen etc this Diwali, just take a flight NOW to Almaty.
Did you know that Almaty situated in Kazakhstan is just a 3 hours direct flight from Delhi and it is a Visa free country for Indians if you are visiting for less than 14 days.
So not even Visa on arrival or e-Visa!
Flight from Delhi costs around 22k round trip.
Day 1 : Shymbulak Ski Resort is located in the picturesque Zailiuskiy Alwatau mountains , 2260 m above sea level and is just 25 km outside the Almaty city.
You can take a Yandex cab to Symbulak Cable Car station or Take Bus No 12 and takes 30 min.
You can purchase Tickets from Base station for 6500 Tenge ie Rs. 1120/- for all 3 Levels ie Combi 1 and Combi 2 which is combination of closed cable car and open chair lift. Compare it to Switzerland where this experience may entail cost of 10k+
It is also the highest illuminated track for night skiing in the world.
12. Day 8 of Swiss Pass ( Picture Abhi Baaki Hai )
If you wish to keep only one Base for whole Switzerland tour, Luzern should TOP the list
We shifted our base to Luzern for last 3 days of our Switzerland trip after Lausanne and Meirengen.
Nestled amidst breathtaking mountains and serene lakes, Lucerne's proximity to popular attractions such as Mount Pilatus, Mount Titlis, and the Swiss Transport Museum makes Luzern an ideal base for DAY TRIPS.
On arriving, we did a 1 hour Yatch sailing which is again included completely FREE with Swiss Pass
Continued Thread ( 12 /n )
#Switzerland #Luzern #SwissPass
13. The Lindt Chocolate Factory, also known as the Lindt & Sprüngli Chocolate Factory, is a paradise for chocolate lovers. Located in Kilchberg, Switzerland, it offers an immersive experience into the world of Swiss chocolate craftsmanship.
We missed our slot earlier day at Lindt so went again for Chocolate Tour at Lindt. The tour is priced at 17 CHF but very informative and we also get to taste Live chocolates from Flowing chocolate Fountains and classic bars and new creations during the tour and also take 10 Lindor with you as you Exit the tour. So it is pure PAISA VASOOL
Switzerland is home to some of the world's most famous chocolate brands like Lindt, Toblerone, and Nestlé. These brands have not only set global standards for quality but also driven economic growth.
Not only do Swiss people eat more chocolate per capita than anyone else, Switzerland is also one of the world's biggest chocolate producers. In 2019 the 17 leading chocolate manufacturers produced more than 200,000 tonnes of chocolate, of which almost 74% was sold abroad.
In 2023 alone, the Swiss chocolate industry generated over CHF 1.5 billion in revenue, with substantial exports worldwide.
#Lindt @Lindt #chocolate
14. Day 9 of Swiss Pass - Engelberg
Engelberg is a tiny village in central Switzerland
It serves as the gateway to Mount Titlis, one of favourite destination for Indians
Engelberg is a 43- minute train ride away from Lucerne.
Mount Titlis is home to the world's first revolving cable car, a glacier cave, a Cliff Walk over Europe's highest suspension bridge, a multi-seater open-to-the-sky Ice Flyer chair lift and a glacier park - to name just a few of its attractions.
Mount Titlis have preserved the cutouts of Shahrukh Khan and Kajol at Mount Titlis to celebrate the success of the movie #DDLJ.
You will also find Vada Pav being sold at CHF 10 at the base!
No travel agency will take you to this route but here's how we travelled Switzerland with 25+ cities in 11 Days including 4 Boat Cruises for total price of Rs. 90k for family of 2 Adults and 2 Kids using Swiss Travel System
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1. Swiss Travel Pass gives you access to unlimited travel by Trains, Trams, Bus and Boats and selected Cogwheel railway too and entry to 500+ museums.
We bought 2 Adults 15 days Pass for 45k each and we get a Family Card for Free which gives free travel to children less than 16 years which includes free access to exursions like Titlis, Glacier 3000 too with paying adult.
Tip : Download SBB app from Playstore/ Apple store.
Travel agency will not suggest this as they have to accomodate a bigger group so they cannot risk one person being late or missing train.
But beauty of Swiss Travel is that they are most punctual , are at regular intervals and designed meticulously that interconnecting trains are almost waiting for you on opposite platform.
2. Day 1 -
We selected Lausanne as Base city for 3 days.
We went to Zermatt which is a beautiful Car Free city and you will find beautiful Chalets all around.
Additionally, you can either visit Matterhon ( Toblerone mountain) , or Gornergrat but I would recommend Gornergrat as here, the train will pass through the snow clad mountains which will be additional 29 CHF two way with 50% discount due to Swiss Pass.
It is said that the VALUE is in the eyes of the beholder so in the next 15 min, let me derive the VALUATION range for #Mamaearthipo with facts and figures.
A thread 🧵
#mamaearth became the 1st unicorn in 2022 with signs of profitability and is likely to be the 1st new age D2C Startup to have an IPO after audiotech brand #Boat withdrew its IPO plans earlier this year citing uncertain market; it is imp to understand the positioning of #Mamaearth
Although D2C Startups command a higher Valuation, approx 60% of the Sales of #mamaearth comes from third party e-commerce marketplace including Amazon, Flipkart and Nykaa
Honasa Balance Sheet shows huge Trade receivables of 141 Cr which shows that it is dependent on offline sales