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Few specified payments under the provision of the Income Tax Act are required to deduct tax at source. However, TDS provisions bound every payer to deduct taxes at the rates set in the applicable sections of the Income Tax Act. In all circumstances, the recipient is required to furnish their…

An income tax return is a summarized record that contains information about your earnings for a fiscal year. You are required to pay your tax liability and file your returns with the income tax department yearly. The income tax department has set different tax rates for various income slabs; it…

KYC stands for “Know your customer”. It is a process initiated by all banks, financial institutions and other departments to know their client’s identity by verifying his personal details like Mobile number, E-mail Id, PAN, Passport, etc. well in advance. The Ministry of Corporate affairs have also undertaken the process…

Healthcare sector in India is growing remarkably due to increase in hospitals especially multi-specialty hospitals as the diseases are increasing at a fast pace and to cope with such situation, medications and hospital facilities become the need of an hour. The medical business in India does not affect even in…

How many cups of coffee and scribbles on a paper did it take for you to zero-in to design your logo? A dozen, right? If you don’t register your trademark, then someone else can. It is universally accepted that a unique brand and logo is the most valuable asset for…

Before we proceed on to know how to register barcode in India, let me ask you a question- Why do you need barcode registration? If you know the answer, then it's good. However, if not, don't worry at all. We have described the need for the barcode for businesses later…

Director Identification Number (DIN) can be surrendered due to different reasons, and the DIN can also be surrendered voluntarily for the purposes of cancellation or deactivation on certain conditions.  So what are the reasons for surrender of DIN, or when can it be surrendered.  In this article, we shall answer…

As per the Income Tax Act, 1961, any receipts generated through business transactions with NRIs come under the purview Income Tax Act and are subject to the TDS rate under Section 195. To know this provision better, we need to gather more details, so let us begi   Table of…

Trademark is a unique sign or symbol such as word, numerals, picture, design, logo, shape, etc. used by business organizations to differentiate their products or services from other companies. Rights associated with these Trademarks are governed and protected by the Trademark Act, 1999. Once registered, Trademarks become the Intellectual Property…

A mutual fund is a way of doing business through Company by way of pooling of resources in form of money from various individuals, Corporates, High Net Worth Individuals, Foreign Investors who invests their wealth (Money) in various stocks, bonds, debt instruments, convertible notes or other similar assets. Mutual Fund…