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Importing is the process of bringing commodities into a certain country. Importation can take place by land, air, or water. The Government of India, Customs Officers, and Border Forces impose many limitations on importing products into the nation. Goods brought into the nation would be permitted as long as they…

Form 26AS is a tax credit statement that summarizes all tax deducted, tax received, advance taxes, and self-assessment taxes paid in a single report. This statement displays the tax deposited with the government by you or on your behalf. If you have paid your income tax but the details are…

Investing in a foreign company by an Indian is governed by the Foreign Exchange and Management Act, 1999, as well as the various laws and regulations issued there. Because of the complex and regulatory environment, it has become important for investors to take the right direction related to their investment…

Every Indian citizen receives an Aadhaar card, which is a centralized and universal identifying number. The Aadhar Card is a biometric record that maintains an individual's information in a government database and is increasingly replacing paper as the government's primary source of data for public welfare and citizen services. Furthermore,…

The acronym DGFT stands for the Directorate General of Foreign Trade. The DGFT is in charge of the laws and regulations that apply to both importers and exporters of commodities in the nation. The easiest method to learn about DGFT is to enroll in import-export training courses, while there are…

After finishing a monetary accounting course, many students dread another semester of debit entries, credits, and reflective diaries. Fortunately, management accounting is not the same as monetary accounting. Managerial accounting, also known as cost accounting or management accounting, gives information to managers and other customers inside a company to help…

  Under the Companies Act 2013, a Company can exercise its power through a Board of Directors or shareholders. The relationship between the shareholders and the board of directors works as an alliance because the board of directors has some powers that are exercised exclusively by them and also has…

Sections 196 and 197 of the Companies Act 2013 and the rules made thereunder read together with Schedule V provide for the appointment and remuneration of a managing director, whole-time director, or manager. This article will discuss Sections 196 and 197 of the Companies Act 2013. Table of Contents Appointment…

If an individual is classified as 'non-resident' then the tax inference is similar to that of 'RNOR' status. In the case of NRIs, only income earned or accumulated in India will be subject to income tax. For "NRI" income like any salary earned or accumulated in India, income from the…

Shopping online is one of the most exciting and easy ways to buy products online. It means accessing the Internet using a laptop or mobile device, opening your preferred e-commerce website, searching for the product you want, selecting your favorite product, and arranging for delivery. With the growth of online…