The term “Form ITR 1” denotes an Income Tax Form filed by the individuals who are Resident other than Not Ordinarily Resident and having Annual Income up to Rs 50 lakhs. The term “Annual Income” includes income from the following: Salaries; Agricultural Income up to Rs 5000; House Property; and Other Sources Further, another name […]
The term Shop and Establishment License denotes a Certificate that every business or entity in India needs before employing people. This license aims to regulate the working conditions and ensure that the rights of an employee are well-protected. Further, another name for this certificate is Shop License. In today’s blog, we will discuss an overview […]
The term “IEC Certificate” denotes proof of IEC Registration. It is a mandatory prerequisite for every Commercial Importer and Exporter operating in India. This certificate contains a 10 digit unique identification number and is issued by the DGFT (Director General of Foreign Trade), MoC&I (Ministry of Commerce and Industries), GOI (Government of India). Further, an […]
The term “NBFC Gold Loans” denotes a secured loan that a person can obtain by pledging or keeping the gold jewellery as Collateral with the NBFC. Further, the term “person” includes both individual and MSME sector. Earlier, the conventional banks were the only mean of acquiring Gold Loan in India. However, with the passage of […]
The main aim behind the establishment of RERA in HP was to give a boost to the state’s Real Estate Sector. By this decision, the government has opened the gateway for the investors residing outside Himachal Pradesh. In this blog, we will talk about the enforcement of RERA in HP, and the procedure to register […]
GST or Goods and Service Tax is a Destination based Tax levied on the consumption of goods and services. It is a comprehensive and multi-stage tax that is charged on every Value Addition. Further, this Indirect Tax Regime has replaced several other indirect taxes, such as VAT (Value Added Tax), Service Tax, Central Sales Tax, […]
A written agreement that forms the basis of a Partnership Firm and defines the roles and duties for every partner is known as a Partnership Deed. Out of all the Business Formats prevalent in India, Partnership Firm is the second most chosen form by embryonic entrepreneurs and business owners. In today’s blog, we will talk […]
The RERA Act or the Real Estate Act 2016 came into force on 01.05.2016. It is effective and binding on all the residential and commercial projects. This act aims to safeguard the interest of buyers, along with a simultaneous boost in the investments of the Real Estate Sector. Further, this act establishes RERA (Real Estate […]
The concept of Udyog Aadhar was launched by the Ministry of Micro Small and Medium Enterprises, together with the Government of India. The basic aim behind this strategy was to facilitate registration of Micro Small and Medium Enterprises. In this blog, we will talk about the Udyog Aadhar Registration Fees and Process. Concept of Udyog […]
A company is an artificial person who has no body or mind, and it needs human agents or trustees to perform its action. The term “Human Agents” over denotes “Directors” of a company. A director acts as a brain for a company and is responsible for managing its affairs. In this blog, we will discuss […]