The term “Form ITR 2” denotes an Income Tax Return filed by the individuals or HUFs (Hindu Undivided Family), who are not earning income from PGBP (Profit and Gain from Business or Profession). Moreover, it does not apply to the individuals who are filing Form ITR 1 (Sahaj). Further, the term “income” under ITR Form […]
The 41st GST Council Meeting was held on 27.08.2020 in New Delhi. It was conducted through Video Conferencing due to the COVID-19 pandemic and was chaired by our Union Finance Minister, Ms. Nirmala Sitharaman. Further, it was attended by Mr. Anurag Thakur, Minister of States; Finance Ministers of various States and Union Territories; and various […]
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 “NSIC Schemes” denotes the various schemes offered by NSIC to uplift the MSME sector of India. These schemes include SPRS, ASPIRE, etc. However, the MSMEs registered under NSIC are only eligible to avail of the privileges offered by these schemes. Further, the term “NSIC Registration” denotes a registration under a Mini Ratna Public […]
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 “Trademark Class 3” denotes a type of Trademark Classification of Goods, which includes all the types of Cosmetics, Perfumes, and Cleaning Substances. In this blog, we will discuss the Items that are classified as Cosmetics, Perfumes, and Cleaning Substances and need Trademark Registration under Class 3 of the Trademark Classes. Concept of Trademark […]
“Minimum Government and Maximum Governance” The term “Transparent Taxation” denotes a new tech-driven taxpaying platform unveiled by our Hon’ble Prime Minister, Mr. Narendra Modi, on 13.08.2020, through video conferencing at 11 am in New Delhi. The full name of this online platform is “ Transparent Taxation : Honoring the Honest”[1] . The main aim of […]
The term “Trademark Class 1” denotes the Trademark Registration of the items used in the industry of Science and Agriculture. This class also deals with the product or chemical used in the production of items belonging to other classes. In this blog, we will talk about the Items or the Chemical Products covered under the […]
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 […]
Steps to Register Food Business Online with FSSAI
Ways to Get an IEC Code for Small Business in India
How to File Trademark Rectification If Error in Trademark?
CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21
Legal and Security Services under Trademark Class 45
Know the difference between FSSAI and FCI
7 Important Things to Know about FSSAI License Renewal Process
RERA in Gujarat: Process to Register Project and Agent
Medical, Veterinary, & Beauty Services under Trademark Class 44
Start An Online Grocery Store in India: Its Concept and Process
