The Companies Act, 2013, introduced the concept of One Person Company (OPC) in India. Further, this was to support entrepreneurs desiring to start a business on their own. While a Private Limited Company or Limited Liability Partnership requires at least two members for incorporation, you can start an OPC with a single member. OPC or […]
Madrid Protocol is an international System for registration of Trademarks in multiple jurisdictions around the world. This system of registration of trademark internationally is based on multilateral treaty consisting of Madrid Agreement Concerning the International Registration of Mark of 1891, as well as the Protocol Relating to the Madrid Agreement (1989).
Understanding the concept of set off and carry forward of loss under the Income Tax Act, 1961. Learn how to adjust losses against profits and maximize tax benefits.
The Gems and Jewellery industry contributes to 7.5% to India’s Gross Domestic Product (GDP) and 14% to India’s total merchandise exports. The gem and jewellery sector is likely to employ 8.23 million persons by 2022, from 5 million in 2020. Based on its potential for growth, employment generation and value addition, the Government declared gems […]
ow does an Adjudicating Authority perform his quasi-judicial functions? Rather the question should be How should an Adjudicating Authority perform his quasi-judicial functions? First he has to read the entire statute; then interprets the various provisions of the statute; records the findings of facts; then applies legal rules to them correctly and gives his decisions.
Minimum Alternative Tax (Section 115JB) MAT Stands for Minimum Alternative Tax, he objective of introduction of MAT is to bring into the tax net “zero tax companies” which in spite of having earned substantial book profits and having paid handsome dividends, do not pay Any tax due to various tax concessions and incentives provided under […]
आयकर रिफंड जारी करना विभाग की उपलब्धि नहीं बल्कि संकेत है टीडीएस टीसीएस नियमों को तर्कसंगत बनाने की: आयकर विभाग द्वारा बड़ी शान से मीडिया, ट्विटर, फेसबुक, इंस्टाग्राम, आदि पर बताया जाता है और प्रेस विज्ञप्ति दी जाती है कि इतने रुपये आयकर रिफंड के रूप में जारी किए गए. लेकिन सच तो ये है […]
With every budget comes expectations and hope. Hope for better tomorrow and prosperous future. Budget is a document for future but it has a interesting past too ,so let go through some interesting facts about budget. 1. The first Indian budget was presented by James Wilson on 18th February 1869 , however first budget for […]
IRDAI (Surety Insurance Contracts) Guidelines, 2022 shall be applicable to all Insurers registered under the Insurance Act, 1938, to transact the business of general insurance and Surety Insurance, subject to compliance with eligibility criteria as set out in these guidelines.
Many a time we have seen that people buys capital goods, take its Input Tax Credit (ITC) and then sale the asset after sometime. Now the question here is whether there is any need to reverse the ITC already taken at the time of purchase? In this article we will understand the answer of this […]
