Hi everyone. I am back now with the next in the series. Today, we will be dealing with how and why of a partnership business. What is a partnership? A partnership business can be between two persons or more and these persons will be called as partners. The partnership has to be registered with the […]
Blog
Hello everyone. How often have you considered starting a business and did not know how? Do you know the best type of business suited to you? Here, we are now bringing in a series of blogs to help all business and services to know ways of starting a business, further Incorporation’s and Compliance’s. Blogs will […]
The MSME in India is a harried lot. First, it was the economic recession, and then came the biggest threat of all – the Covid-19 first wave. It raged on for months and then when things started looking up a bit, then came the second Covid-19 wave. It has hit everyone hard. With global caution […]
TDS Online payment has to be made through specified banks like SBI, ICICI etc. The type of payment has to be specified with sections. For eg: Section 192: Payment of Salary Section 194A: Interest (Other thab Interest on Securities) Section 193: Interest on Securities Section 194B: Income by way of winnings from lotteries, crossword puzzles, […]
Profession Tax (PT) is a tax levied by the respective State Government in India. In Karnataka, Profession Tax has to be paid by everyone following a Profession or is engaged in any business or holds employment in public or private as specified in the Schedule to the Act. PT registration is mandatory for all professions […]
DSC is a Digital Signature Certificate. This is mandatory for all corporates for filing income tax returns and company’s Act and other statutory related returns. Also it is mandatory for certain specified category of individuals and applying for government tenders. The classes of digital signature depending on the purpose are differentiated. DSC can be applied […]
The Government of India mandates that the individuals and business of all types file income tax returns as per the specification stipulated. The various dates are here below: How to file: First and foremost let us understand what income tax is. Income tax is a tax on profit or tax on salary as stipulated by […]
Income tax filing is mandatory for salaried, professionals, business, income from other sources above a particular ceiling limit. Income tax returns have to be filed carefully as per the Act, declaring all applicable income and claiming available exemptions. TDS deducted if any can be claimed as refund after adjusting the taxes. Last date of filing […]
What is PAN Card? A permanent account number (PAN) is a ten-character identifier issued by Indian IT department to any individual. A PAN is a unique identifier issued to all judicial entities identifiable under the Indian Income Tax Act, 1961. The income tax PAN and its linked card are issued by the Indian Income Tax […]
Let us understand what is MSME Udyam? The Government of India has replaced the previous Udgyog Aadhar Registration with Udyam number with changes in classification for both manufacturing and service sectors. Udyam registration is absolutely necessary to avail MSME benefits announced by the GOI from time to time. Udyam Registration Number has to be generated […]