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When you acquire a product or service from a dealer, you must pay sales taxes. You collect this tax when you sell. You adjust the taxes paid at the time of purchase with the amount of production tax (tax on sales), and the balance of tax liability (tax on sales less…

  When a bigger firm buys at least 50% of a company's stock, the small company becomes a subsidiary to it. When the main firm gains control, it appoints a board of directors to manage the subsidiary business. There is one question that may arise in the mind of people;…

In India, trusts established for charitable purposes and certified by the Income Tax Department are not only exempt from paying taxes, but contributors to such trusts can deduct the amount donated to the trust from their taxable income. Moreover, in India, philanthropic activities include "relief of the destitute, education, medical…

The Representation of the People Act, 1951 governs political groups in India (RPA). A certain organization of Citizens as well as group of particular Indians claiming to be a political entity must apply towards the Election Commission to be recognized as a political group as per Section 29A of a…

  While the European Union, NATO, the United Kingdom, and the United States have announced stringent trade restrictions; and sanctions against Russia, our Hon'ble Prime Minister Sh. Narendra Modi has already begun his strategic action plan to evacuate the stranded 20,000 Indians, including students; in war-torn Ukraine, either by airlift…

Over the last two decades, India has undergone tremendous industrial progress. As a result, foreign direct investment is increasing in the country (FDI). This has inspired non-resident Indians (NRIs) to regard India as a potential investment and profit-making destination. Every day, the Ministry of Corporate Affairs makes the country more…

Do you own a computer? Do you use it for your personal use or for business purposes? Yes, if you own a computer, you should be awareof thedepreciationrate on Computer Accessories and Peripherals.So, if you are using it for business than while calculating taxable business income assessee can claim deduction…

Introduction Most business owners are aware that trade marking is a vital initial step in beginning a company, but how much do you know about Trademarks in particular? It's critical to grasp the ins and outs of Trademarks and Trademark protection in order to safeguard the brand you've worked so…

Money isn't everything; however, it is a critical component in the life of an individual. Money helps us reach our life's ambitions and supports – the things we care about most passionately - family, education, health care, charity, adventure, and pleasure — in addition to meeting our fundamental requirements. It…

The rate of change of the value of the currency in a country is usual event that takes place due to floating exchange rates; this is the case for the majority of big economies. Exchange rates are influenced by a variety of variables, such as a country's economic performance, inflation…