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Category Archives: Miscellaneous

Aadhaar & PAN Card Link Update

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…
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How to Register RCMC in DGFT Online

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…
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Financial Accounting vs Management Accounting

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…
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Taxation of Futures and Options

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…
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AO Code for PAN and TAN Application

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…
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EPFO issues Circular clarifying TDS on interest on PF contributions

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…
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sebi kyc registration agency

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…
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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,…
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Valuation of Shares

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…
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How to Link Aadhaar to PAN Card?

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…
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GST Registration For Ecommerce

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…
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Difference between EPF, PPF & NPS and Tax Benefits

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.…
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Section 455 of Companies Act 2013

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…
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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…
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Gold Monetisation Scheme 2015

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…
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Sukanya Samriddhi Yojana

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…
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Online Address Update Process for Aadhaar

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…
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Customs Cash Ledger with applicable Amendments

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…
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Is Methods Valuation a scam?

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,…
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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…
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How Payroll Software Improve Your Business Productivity

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…
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Concept of Housing Loans & EMI’s Business in India

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…
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Registered Mortgage and its process

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…
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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…
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Draft Format of Directors Report: Small Company 2022

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. …
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Taxation of E-Commerce Transactions in Income Tax & GST

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.…
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Role of Working Capital Adjustments in Transfer Pricing

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.…
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Doctrine of Corporate Veil and Lifting of Corporate Veil

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…
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Loans to Directors under Section 185 Companies Act 2013

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…
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Grant Received by Subsidiary from its Holding

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…
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Formations of Charitable Entities in Jaipur

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…
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Taxation on Political Parties in Representation of People Act 1951

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…
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How Will ‘Russia’s Invasion of Ukraine’ Affect Taxes & Trade in India?

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…
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Meaning and Difference Between PAN and TAN

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…
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What is PAN Card Importance and use?

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…
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All about Legal Entity Identifier Number

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…
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Whether Depreciation on acquired Goodwill Allowable?

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…
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All you need to know about FC-GPR Filing

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…
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Taxpayers rights and obligations in India

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…
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FAQs about Import and Export Code in India

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…
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Legal Notice for Design Infringement in India

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…
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Legal Notice on Copyright Infringement in India

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…
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Important Due Dates and timelines under RERA

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…
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Legal Notice for Cease and Desist against using the Trademark/Brand Name

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…
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Ease of Doing Business and Custom Audit

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…
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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…
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Concept of Depreciation under Income Tax Act, 1961

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…
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Business Risk- Identification and Analysis

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…
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How to obtain Wholesale Drug License in india

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…
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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…
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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…
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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…
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MSME – Investment limits

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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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)…
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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…
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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) &…
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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…
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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…
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