Miscellaneous
Mandatory Requirement to obtain LEI for Non-individual Borrowers
The launch of the Legal Entity Identifier (LEI) was intended to improve the quality and accuracy of financial data systems to better manage risk…
Miscellaneous
All about PAN-AADHAR linking: Post 31st March 2022
Every Indian citizen receives an Aadhaar card, which is a centralized and universal identifying number. The Aadhar Card is a biometric record that maintains…
Miscellaneous
How to Register RCMC in DGFT Online
The acronym DGFT stands for the Directorate General of Foreign Trade. The DGFT is in charge of the laws and regulations that apply to…
Miscellaneous
Top Differences between Management & Financial Accounting
After finishing a monetary accounting course, many students dread another semester of debit entries, credits, and reflective diaries. Fortunately, management accounting is not the…
Miscellaneous
Taxation of Futures and Options
Futures & Options (F&O) traders often enter large-scale operations but the profits they make from such purchases are very small. As the volume and…
Miscellaneous
Know Your AO Code for PAN and TAN Application
When someone applies for a new PAN Card, they must input an AO code in one section of the application. It is requested at…
Miscellaneous
EPFO issues Circular clarifying TDS on interest on PF contributions
The Employees’ Provident Fund Organization (EPFO) is a statutory agency established by the Indian government. As the largest social security institution in the country,…
Miscellaneous
Guidelines to SEBI KYC Registration Agency (KRA) Regulations, 2011
Know Your Customer, or KYC, allows banks and financial organisations to confirm the identification of their clients. As a first-time investor, you only need…
Miscellaneous
GST payable on Collection of Electricity
Power, or electrical energy, is an important source of revenue for state governments because it is under the state list of the Constitution, and…
Miscellaneous
Different aspects of Valuation for a Company to consider at the time of Issue/Transfer of Share
When planning to sell your company, it’s critical to evaluate its value before embarking on the M&A process. There are several methods for determining…
Miscellaneous
Mandatory Linking of PAN & Aadhaar Card
An Aadhaar card is a centralised and universal identification number supplied to every Indian citizen. The Aadhar Card is a biometric record that stores…
GST
Time of Supply for E-commerce Business under GST
Delivery time refers to the time at which goods/services are considered to be supplied ’. When the seller knows the ‘time’, it helps him…
Miscellaneous
Difference between EPF, PPF & NPS and Tax Benefits
As the financial year draws to a close, all leading employees find themselves working on their investments that will help with tax deductions. It…
Miscellaneous
Section 455 of Companies Act 2013-Dormant Company status
The main purpose of the revisions to the Companies Act, 1956 was to have a simplified law that would address changes taking place in…
Miscellaneous
Box Office Collection and Money Laundering in Indian Cinema
The phrase “box office” may be dated back to the early Elizabethan era. When the general people used to attend to theatres to see…
Miscellaneous
Gold Monetisation Scheme, 2015 – Types, Benefits & FAQs
The government introduced the Gold monetisation plan in 2015 with the goal of mobilization Gold and facilitating its usage for economic purposes, which would…
Miscellaneous
Sukanya Samriddhi Yojana and Tax Benefits
Sukanya Samriddhi Yojana (SSY) started to provide Indian girls equality and freedom in terms of features and benefits. It offers great tax benefits as…
Miscellaneous
Online Address Update Process for Aadhaar in India
An Aadhaar card is a centralised and universal identifying number that is issued to every citizen of India. The Aadhar card is a biometric…
Miscellaneous
Concept of Customs Cash Ledger with applicable Amendments
When a taxpayer constructs a Challan, the amounts to be contributed to each Minor Head inside each Major Head are chosen by the taxpayer.…
Miscellaneous
Methods of Valuation, its procedure – Is Valuation a Scam?
A company appraisal necessitates a working understanding of several criteria, as well as professional judgment and expertise. This involves recognizing the valuation’s goal, the…
Miscellaneous
The Atal Pension Yojana – Eligibility, Procedure and Benefits
The Atal Pension Yojana is a pension system that aims to provide a stable income to the working poor after they retire. All bank…
Miscellaneous
How Payroll Software Improve Your Business Productivity?
Every business has to enhance its processes in order to prosper. Many are afraid to place within the time and money to do so. Even though…
Miscellaneous
Concept of Housing Loans & EMI’s Business in India
The typical payback time for a home loan is between 20 and 30 years. Owing to the difficulty of repaying your house loan and…
Miscellaneous
All about Registered Mortgage: Meaning, Process and Difference from Equitable Mortgage
The term mortgagee was firstly well-defined by the Transfer of Property Act, 1882. Since time immemorial it is seen that the property whether it…
Miscellaneous
Concept of Deductible and Co-Payment Insurance under Insurance
We’ve explored the necessity of medical insurance and its ability to sustain the financially viable in the event of an insured risk on several…
Miscellaneous
Draft Format of Directors Report: Small Company 2022
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly…
Miscellaneous
Taxation of E-Commerce Transactions in Income Tax & GST
E-commerce has developed dramatically in India, as more people purchase and sell products online as a result of cell phones and internet access. Previously,…
Miscellaneous
Role of Working Capital Adjustments in Transfer Pricing
Working capital is an accounting phrase that you may not hear much about, but it could be the key to your company’s success. Working…
Miscellaneous
Doctrine of Corporate Veil and Lifting of Corporate Veil
The notion of a company’s independent legal personality is the one that serves as the foundation and a fundamental principle of corporate law in…
Miscellaneous
Loans to Directors under Section 185 Companies Act, 2013
Public firms have permission to provide loans, guarantees, and securities under the Companies Act, 1956. They can do so as long as they acquired prior…
Miscellaneous
Grant Received by Subsidiary from its Holding – Is it a Revenue Receipt?
When a bigger firm buys at least 50% of a company’s stock, the small company becomes a subsidiary to it. When the main…
Miscellaneous
Formations of Charitable Entities in Jaipur
In India, trusts established for charitable purposes and certified by the Income Tax Department are not only exempt from paying taxes, but contributors to…
Income Tax
Taxation on Political Parties -Representation of People Act, 1951
The Representation of the People Act, 1951 governs political groups in India (RPA). A certain organization of Citizens as well as group of particular…
Miscellaneous
How Will ‘Russia’s Invasion of Ukraine’ Affect Taxes & Trade in India?
While the European Union, NATO, the United Kingdom, and the United States have announced stringent trade restrictions; and sanctions against Russia, our Hon’ble…
Miscellaneous
PAN and TAN – Meaning and Difference Between PAN and TAN
When filing your ITR return or contacting the Income Tax Department, you may come across the phrases PAN and TAN. Understanding these words ahead of…
Miscellaneous
What is PAN Card Importance and use? How to apply for PAN in India?
You’ll need one thing for each of these activities, whether you’re trying to buy a car or a house, participate in the stock market,…
Miscellaneous
All about Legal Entity Identifier Number and the Procedure to obtain it
The Reserve Bank of India will process in the Legal Entity Identifier (LEI) system for all investors in the currency financial derivatives, foreign exchange…
Miscellaneous
Whether Depreciation on acquired Goodwill Allowable?
Union Budget of 2021 amends the Income Tax Act of 1961 (“Act”) to prohibit depreciation on an organization’s goodwill. The Income Tax Act prohibits…
Miscellaneous
All you need to know about FC-GPR Filing
When a company receives foreign investment, the Reserve Bank of India (RBI) issues Form FC-GPR. As a result of such investment, the business could…
Miscellaneous
Taxpayers rights and obligations in India
Table of contents Taxpayers’ Charter: A guide for all taxpayers Section 119A of the Income Tax Act Rights of taxpayers Obligations of taxpayers Final…
Miscellaneous
FAQs about Import and Export Code (IEC) in India
Is there a separate code required for Import and Export? No different Code is needed for Import and export and a similar IEC can…
Miscellaneous
Legal Notice for Design Infringement in India
Design is an art which gives a visible form to the ideas of the mind or invention. Thus, an Industrial design rights are defined…
Miscellaneous
Legal Notice on Copyright Infringement in India
Copyright is a form of intellectual property that gives an exclusive right to the creator of literary, dramatic, musical work, computer program, artistic work,…
Miscellaneous
Important Due Dates and timelines under RERA
The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have…
Miscellaneous
Legal Notice for Cease and Desist against using the Trademark/Brand Name
The term notice is derived from Latin word “notitia” which means “a being known” or a knowing is wide enough in legal circle…
Miscellaneous
Ease of Doing Business and Custom Audit
The World Bank publishes an index called the “Ease of Doing Business”. It is an aggregation of several characteristics that characterise the ease…
Miscellaneous
Complete process to file a complaint in the Rajasthan Real Estate Regulatory Authority (RERA)
The Real Estate (Regulation and Development) Act, 2016, was enacted to help homebuyers in protection of their rights and interests from the malpractices of…
Miscellaneous
Concept of Depreciation under Income Tax Act, 1961
Depreciation is a deduction used for the purpose of writing off the value of both the tangible and intangible assets used by the taxpayer…
Miscellaneous
Business Risk- Identification and Analysis
Introduction Business risk refers to a company’s or organization’s susceptibility to circumstances that might lower its profitability or lead it to fail. Business risk…
Miscellaneous
A Brief Overview on Obtaining a Wholesale Drug License
Any entity which is interested in starting a business requires an appropriate license to carry out and execute its activities. Thus, for trading or…
Miscellaneous
Glimpse of Investor Education and Protection Fund (IEPF)
Financial markets heavily depend upon the investors. Investors, investing their excess resources, determine the market trends and the level of activity in the economy.…
Miscellaneous
Late Fees Payable for Default in Furnishing of Income Tax Return (ITR)
Income Tax Returns are filed by all the persons as per legal provisions. To file the returns, Income Tax Department has set due dates.…
Miscellaneous
Applicability of Indian Taxation on Cryptocurrency
In recent past we have shifted from money in the wallet to money in the digital wallet. Demonetization lead this drive of digital wallet…
Miscellaneous
MSME – Investment limits, Registration, Benefits & role on Indian Economy
The backbone of the economy lies with the Micro, Small and Medium Enterprises known as MSME in short. Currently, there are nearly 6.3 crore…
Miscellaneous
RERA Registration for Agents in Rajasthan
The real estate industry was highly unorganized and unregulated with around 10 lakh brokers in India. To cater to this issue government introduced RERA.…
Miscellaneous
Concept of Residential Status under Income Tax, 1961
Residential status is a very important concept as per Income Tax Act. The very decision that what will be the income on which tax…
Income Tax
What to do if you forgot to file your Income Tax Return?
An income tax return is a summarized record that contains information about your earnings for a fiscal year. You are required to pay your…
Miscellaneous
Importance of Financial Planning in a Business
Table of Content What is financial planning? What are the Objectives of financial planning? Why financial planning is important in a business? Process of…
Miscellaneous
All you need to know about Tax Saving Tips for Private Limited Company
In this article, we will be focusing on many points which is helpful for saving tax if we own a private limited company. This…
Miscellaneous
Application of Income tax rules on e-wallets or UPI transaction
Following the 2016 demonetization, obtaining cash seemed a daunting task. During a time like that, more and more individuals started switching to cashless payments.…
Miscellaneous
Buy-Back Of Shares Under Companies Act 2013
Introduction As per section 68 of the Companies Act 2013, Buy-Back of shares is a process by which the company purchase it’s shares from…
Miscellaneous
How to issue Non-Convertible Preference Shares as per Companies Act, 2013
Introduction As per Companies Act 2013 any class of shares that carry a preferential right with respect to payment of dividend and repayment or…
Miscellaneous
Employee Pension Scheme for International Workers
With the advent of globalization of Indian economy and growth of the international business the campaign of workers thereon, the world has also been…
Miscellaneous
All you need to know about Prime Minister Employment Generation Programme
Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy programme launched by the government of India in 2008. It is a merger of…
Miscellaneous
All you need to know about Different Types of Loan in India
Giving a loan or loaning means lending money from one individual or entity to another. A loan has three components – principal or the…
Miscellaneous
Detailed study on Coir Vikas Yojana (CVY)
Coir Vikas Yojana (CVY) is a scheme initiated by Coir Board that functions under the Ministry of Micro, Small, and Medium Enterprises (MSME) It…
Miscellaneous
Glimpse of Interest Subsidy Eligibility Certificate (ISEC)
The Interest Subsidy Eligibility Certificate (ISEC) Scheme is an important mechanism of funding khadi programme undertaken by khadi institutions. It was introduced to mobilise…
Miscellaneous
Financial Support to MSMEs in ZED Certification Scheme
The Ministry of MSME has decided to implement the ZED Certification Scheme with the help of Quality Council of India (as NMIU) & other…
Miscellaneous
Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
Introduction The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by Ministry of Micro, Small and Medium Enterprises, Government of…
Miscellaneous
Consumer Protection Act, 2019 :Major Developments in Consumer Protection Law of India
In India, new technological developments are making a high impact on the quantity and the quality of the products, but the fact is that…