M any medium and small scale industries are nowadays opting for MSME registration certificate. The sole reason why MSME (Micro Small Medium Enterprises) registration has been in the limelight is that it offers several benefits to industries with the MSME enrolment. Besides, the government has introduced several schemes under MSME which provides a myriad of […]
Every business owner who is willing to obtain trademark registration should know in which Trademark Class his/her products or services fall. In the case, you aren’t aware of what trademark classes are; let us tell you that trademark classes are the classification of the trademark in various categories required in the process of trademark registration. […]
Section 8 Company is one of the most talked and preferred NGO types. The reason, why you should opt for Section 8 NGO when compared to trust and society, is that it has got several exemptions in terms of tax and others. Besides, in order to start Section 8 NGO, Firstly, you need to obtain […]
Income Tax Return (ITR) is no less than a nightmare to taxpayers. After all, who likes to pay tax? Possibly, nobody. But if you don’t file ITR in time, you would be in huge trouble. Therefore, according to the Income Tax (IT) Act, 1961, every earning entity with a certain income is entitled to pay […]
Tax audit is a mandatory inspection done by the practicing Chartered Accountant to ensure the details of the income provided by the taxpayer are accurate. As per Section 44AB of the Income Tax Act, 1961, the tax audit of an entity is imperative. If any business or professional under certain prescribed categories don’t undergo the […]
One of the biggest ordeals for every NBFC owner is the NBFC registration fees. Undoubtedly, the NBFC fee is quite high, and hence, everybody intending to register their business as NBFC has to pay the required amount. Now, you might be thinking, what makes it so expensive? The answer is- the complicated registration process and […]
In its notification dated 13th April 2017, the Insurance Regulatory and Development Authority of India laid down the IRDAI (Insurance Web Aggregators) Regulations, 2017 for Insurance aggregators. With the introduction of these rules, IRDA aims to supervise and monitor Web Aggregators to curb aggressive selling of insurance products and clarify various ambiguities that existed in […]
Goods and Services Tax, is one of the most reforming tax schemes ever introduced in the Indian economy and constitution. The reason why GST is the most-talked taxes is that it has replaced all the indirect taxes levied on the supply of goods and services. With the introduction of GST, there have been many changes […]
Of all the options of business entities available under the Companies Act, 2013, the option of Private Limited Company has become the most opted one by the entrepreneurs. Primarily, this has happened because of the freedom that has been given to the Private Limited Companies under the Companies Act, 2013. Under the old Companies Act, […]
One Person Company, shortly known as OPC, is a kind of company established under the Companies Act, 2013 for the purpose of enabling a solo Entrepreneur to begin and manage the limited liability entity. The main purpose of the OPC establishment is to support lone individual Enterprises. Typically, OPCs have a low turnover when compared […]