Udyam Certificate Download and Print
Small and Medium Enterprises (MSMEs) are very important in India. They help the country by creating jobs, driving economic growth, and helping to make products and services more affordable. To support them, the government of India has come up with many schemes, one of which is Udyam. If you are wondering how to download and […]
Tax Deductible Business Expenses – Allowable Business Expenses
Income tax is divided into 5 major heads namely Income arising from Salary, House Property, Business and Profession, capital gain, and other sources. In the Act where income arises out of business and profession, some specific sections talk about the allowable expenses in the Profit and loss statement. All accounting expenses are not allowed in […]
Who needs to get IEC registration
The possibility of trading outside India is very enticing for businesses as it opens up a larger market to sell their products and services. Additionally, there are many opportunities to be had in trading with other countries, such as accessing new resources, forming partnerships with foreign companies, and more. That said, trading outside India is […]
What are the ROC Compliances for Private Limited Company
A private limited company is a preferred business structure because it offers many benefits, such as limited liability protection for the owners, ease of transfer of ownership, and tax efficiencies. The limited liability protection of a private limited company shields the owners from personal financial risk in the event that the company fails. When you […]
Section 14A of the Income Tax Act, 1961 – an Overview
There has always been a debate between the taxpayers and the income tax authorities regarding the expenditure incurred on the exempt income. One party would demand a deduction for the expenditure, while the other party would refuse the deduction. The Income Tax Act, 1961 provides for certain incomes that are not taxable or are exempt […]
Section 14A: Disallowance of Expenses Incurred for Earning Exempt Income
Section 14A of income tax act has always been a matter of debate among assesses and tax experts. The income tax law has specified certain income whereby income tax shall be exempted. A general principle of income tax is that expenditure incurred to earn any income shall be allowed as a deduction from such income. […]
What is Taxation and How Is it Benefiting the People?
Why do we pay taxes? Do we even benefit from paying taxes from the government? Taxes are the fees we pay to the government for the services they provide us. These services can include things like national defence, firefighting and ambulance services, schools and hospitals.While we may not always agree with how our tax money […]
How to Make Tax Payments Under The QRMP Scheme? – Step By Step Guide
Ever since GST was implemented, the government has been making amends and additions to the system to make it easier on businesses. One such effort is the QRMP scheme. QRMP or the Quarterly Return and Monthly Payment scheme were introduced to make it easier for small businesses to file their GST returns. What is the […]
Udyog Aadhar Registration Fees
Small and medium-sized enterprises (MSMEs) are the backbone of India’s economy. They account for more than 45% of GDP and over 80% of employment in India. MSMEs have very high growth potential, and if nurtured correctly, can play a pivotal role in India’s economic development. However, MSMEs face several challenges, such as a lack of […]
Zomato vs Swiggy: Business Model
Swiggy and Zomato are synonymous with meal delivery right now, yet both startups appear to have wildly differing ideas about how they are planning to take over the world. Both food tech companies are in the strongest form, but why do some choose only Zomato or Swiggy and not others? Swiggy and Zomato are two […]