The term “FCRA” refers to the Foreign Contribution Regulation Act, 2010. The world today so well connected and linked that grant accessibility to anyone has become very easy. As a result of this the flow of any foreign currency in and out of the country has become easy and natural. However, in order to keep […]
The 42nd GST Council Meeting was held on 05.10.2020 in New Delhi. The meeting was chaired by our Union Finance Minister, Ms. Nirmala Sitharaman[1]. Further, the meeting was attended by Mr Anurag Thakur, Minister of State for Finance and Corporate Affairs. Apart from this, the Finance Minister of States and Union Territories, together with the […]
The term “Start a Chocolate Making Business in India” denotes the business idea that revolves around manufacturing and selling Chocolates in India. Further, due to enormous demand and global acceptance of chocolates, a chocolate business experiences an upward surge in the terms of Demand and Profitability. Also, it is evolving as one of the fastest […]
The term “Preferential Allotment of Equity Shares” denotes a process in which a company allots shares to the individuals, companies, and venture capitalists at a pre-determined price. Further, these shares are mainly made to the individuals who want to acquire a majority or strategic stake in the company. In this blog, we will discuss the […]
The term “Start an Organic Food Business in India” denotes a business idea that revolves around purchasing, selling, and labeling of the Organic Food. Further, the term “Organic Food” is defined under section 22 of the FSS Act 2006. In this blog, we will discuss the concept of “Start an Organic Food Business in India” […]
The term “RERA in Punjab” denotes the Punjab Real Estate (Regulation and Development) Rules, 2017. Further, the Punjab Government introduced these rules and regulations on 08.06.2017. The reasons for the implementation of these rules are as follows: To Protect Buyer’s Interest; To Enhance Professionalism; and To Ensure Transparency in the State’s Real Estate Industry; In […]
The term “Form ITR 7” denotes an Income Tax Return that is filed by all the companies and entities which are claiming exemption under section 139(4A), 139(4B), 139(4C), and 139(4D) of the Income Tax Act 1961. In this blog, we will discuss the concept of “Form ITR 7”, together with the changes made and the […]
The term “Form ITR 6” denotes an Income Tax Return filed by the companies that are not claiming exemption under section 11 of the Income Tax Act 1961. Further, section 11 of the act deals with the Income from Property held for a Religious and Charitable purpose. In this blog, we will discuss the concept […]
The term “Form ITR 4” denotes an Income Tax Return (ITR) filed by the taxpayers who are falling under the “Presumptive Income Scheme” under section 44 AD, section 44 ADA, and section 44 E of the IT Act 1961. Further, another name for the Income Tax Return 4 is “Sugam”. In this blog, we will […]
The term “Form ITR 3” denotes an Income Tax Return (ITR) filed by the Individuals or HUFs (Hindu Undivided Families) who are earning income under the head of PGBP (Profit and Gain from Business or Profession). However, it does not apply to individuals who are filing Form ITR 2. In this blog, we will talk […]
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