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As you know 9 out of 10 new businesses fail because they are not able to raise enough money to kick start their business.

There could be many other reasons for failure like the business idea itself is a non starter or the product has so many problems.

But one of the main reasons for a failure is lack of funds.

Therefore if you are starting a new business then you must read this article. It really doesn’t matter whether your new venture is a tech start up or opening a restaurant.

You have to arrange finances so you can get started. Here are 10 useful tips to get started.

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tax-penalty

The provisions of Section 115BBE of the Income Tax Act, 1961, applicable from A.Y. 2013-14 onwards is probably the section under which the Income Tax department would be taxing the unexplained cash deposits during the period upto 30th December 2016.

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2000rupee-reuters-940x470

Subsequent to the current demonetisation of the high value currency by the Government of India, the existing currency notes of Rs.500 and Rs.1000 has ceased to be legal tender.

The Prime Minister of the Country in his message to the nation on that fateful night of 8th November, at 8 pm had mentioned that the main reason for withdrawing the currency notes of these denominations was that these high value bills are mostly used in money laundering schemes apart from the glaring truth that the fake currency being routed into the country from our neighbouring country is mostly in these denominations.

However, the announcement by the Prime Minister to introduce new currency notes of denomination of Rs.2000 has raised a plethora of doubts as to how it would help in curbing the hoarding of black money when it logically seems easier for a person to hoard money in higher denomination, requiring lesser space to store.

I conjure a probable perspective for the withdrawal of the Rs.1000 notes and replacing the same with Rs.2000 notes and this is perhaps what my logical reasoning says.

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