Nowadays, everybody wishes to expand the business globally and generate as much revenue as possible. Undoubtedly, the business world has become quite competitive and hence, the idea of starting the business is quite impressive. But one must ensure that the person holds the required IEC Code, before actually going global. One can easily get IEC […]
Partnership firm is not a separate legal entity from the person it constitutes of; however, for income tax purpose, it is considered as a separate legal entity. A partnership firm can be assessed either as Partnership Assessed as Such (PFAS) or Partnership firm Assessed as Association of Person (PFAOP). The registration is not mandatory for […]
In order to gather knowledge on GST registration process step by step, we suggest you to read the entire article thoroughly so that you don’t miss any vital part essential for the process. On 1st July 2017, India got a historic reform in the tax system with the introduction of GST. The law came into […]
The credit system has existed since the inception of trade and commerce. Its core concept remained the same, but related aspects have undergone several changes. The current international financial market is based on the flow of cash, and much of it is done on a credit basis. Though there was no shortage of traditional money […]
Every investor who is desirous of investing funds in India must understand the concept of the Alternative Investment Fund firstly. The idea of the Alternative Investment Fund (AIF) is becoming quite popular and is advantageous to the public at large. Moreover, Alternative Investment Fund registration helps in providing better returns to the investors. It is […]
Private limited companies are one of the most common forms of business structure in India. Because of its simple registration process and several advantages, entrepreneurs and start-ups are more inclined to it. But these companies should never forget to comply with the annual compliance or filing annual returns within the prescribed time. Any delay or […]
The Unregulated Deposit Scheme Ordinance 2019, popularly known as unregulated Deposit ordinance is regarded as the most impacting hurried ordinance after the introduction of GST and Demonetization in India. This ordinance aims at curbing the unregulated deposit, Ponzi scheme, illegal chit funds, expose the hidden deposits. Further to an extent, it imposes the restriction and […]
In the 33rd GST council meeting, the Union Finance Minister, Arun Jaitley said-“The GST rates on Under-Construction housing would be 5% without ITC. We have accepted this recommendation of the GOM. At the same time, the GOM recommended that the GST on Affordable Housing should be 3%. However, if we want to encourage the Affordable […]
The ISI stands for Indian Standards Institution. The ISI mark signifies the Indian Standards, which are required to be adhered by every manufacturer of tangible products. Unique ISI mark of 7-10 digits is allocated to each product. ISI mark is a certified mark which is used for industrial items sold in India. Through ISI registration, […]
In India, nowadays there is a rapid growth of technology and the internet. People are using the internet for various purposes including for commercial transactions and for business purposes. However, in order to facilitate the smooth going of business (within India and overseas )and to save the time of involved parties contracts over the internet […]
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