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TDS was designed to collect tax directly from the source of revenue. According to this theory, a person (deductor) who is compelled to make a certain payment to another person (deductee) must deduct tax at the source and deposit it in the account of the Central Government. The deductee whose…

Warehousing and storage of agricultural produce come under Service Account Code 9986 and are exempted under Insert No. 54(e) of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. However, the provision of cold storage services to non-agricultural products would remain subject to GST at 18%. Let us discuss the applicability of…

Do you know what "leave encashment" means? The salaried class frequently uses the idea of leave encashment. It seems like you may make money even from your leaves. The sum of money received in return for a leave time that an employee did not use is known as a leave…

The minute of the general meeting is an integral document of the Company, which must be drawn up and kept in the same way as accounting books. The minutes are a summary of the distilled wisdom of the board, their views, thoughts, and aspirations, providing strategic guidance and a blueprint…

If you have been allotted a Director Identification Number i.e. DIN, the DIN holder must submit a DIR-3 KYC every year. KYC of directors is required to be updated annually by September 30 on the MCA portal as part of regulatory compliance. Be it DIR-3 KYC FORM or DIR-3 KYC…

If you are planning to set up a limited company in Dehradun, Uttarakhand, here we have provided all the requirements set by the Registrar of Companies (RoC) along with the step-by-step process for registering a limited company in Dehradun, Uttarakhand including fees, capital requirements, required documents, the minimum number of…

Tax Planning is the process of evaluating a financial plan or conditions in relation to taxes in order to achieve the greatest possible tax efficiency by coordinating all of the financial plan's elements to function efficiently with regard to taxes. A financial plan's key component is tax planning, which lowers…

The GST Council was formed to oversee the Goods and Services Tax (GST) legislation. The GST Council is a combined forum of the Centre, states, and Union Territories (UT) that makes recommendations to the Centre and states/UT on critical GST issues. At the GST Council meeting, the Council operates based…

About 378 SEZs were announced after India approved the Special Economic Zones (SEZ) Act, of 2005 and the rules regulating SEZs went into force in 2006. However, only 268 of them were operational as of March 2022; the government de-notified those SEZs that were not active. Finance Minister Nirmala Sitharaman…

Women make up half of the population, making up a significant portion of the labor force. The obligations of employment necessitate balancing job, childbearing, and child-rearing responsibilities. The constitutional framework aims to give women equality in all spheres of life. The Maternity Benefit Act, 1961 which follows the model of…