Agriculture Budget 2023-24: Indian Farmers’ Allocations & Measures
Budget 2023 was announced by Nirmala Sitharaman on 1st February 2023 and one of the key aspects was the agricultural sector. India achieved food independence because of the aggressive agricultural reforms and development over the past few years. To maintain such independence and further increase the exports of agricultural products, the development of the agriculture […]
Education Budget 2023: What’s There in The Budget For Education Sector
Nirmala Sitharaman presented Budget 2023 on 1st February 2023 and it was welcomed by the citizens especially the taxpayers. They got relief in terms of personal income tax rates and tax slabs. Apart from this, the government earmarks a certain amount of funds in each budget towards the development of each sector like infrastructure, defence, […]
Post-Incorporation Compliances for Companies in India
Companies are one of the best business structures, especially among startups. However, being a limited liability structure and potential for unlimited growth, the set of compliances in the case of companies are higher as compared to the other constitution formats. It’s always useful to keep a compliance calendar handy with yourself in such a case. […]
Khadi Vikas Yojana: Empowering Artisans and Boosting Rural Economy
What Is Khadi Vikas Yojana? The Khadi Gramodyog Vikas Yojana (KGVY) is an umbrella scheme aiming to improve the rural population’s socio-economic conditions through developing khadi and village industries. The Khadi Vikas Yojana is part of the KGVY and it is implemented by the Khadi and Village Industries Commission (KVIC), the government organization responsible for […]
How Can Virtual CFOs Be Your Company’s Best Solution?
Most businesses or startups fail within the initial few years. One of the major reasons for the same can be attributed to financial mismanagement. Finances are core to any business and if they are not handled properly, then it can lead to cash flow issues, diminishing profits and ultimately failure of the business. One of […]
FASSAI Penalty and Offences for Non-Compliance Under FSSAI Act.
The Food Safety and Standards Act, 2006 was passed by the Indian Government to ensure food safety within the country and establish food safety standards relating to the same. Further, it necessitated the people operating the food business in India to obtain an FSSAI licence. This ensured that only the registered persons who have been […]
ESIC Benefits for Employees: Maximizing Employees’ Benefits
The government has initiated various schemes for the welfare of the employees. One such scheme is the Employee State Insurance Scheme and is one of the most important social security benefits for the employees in India. The Employees State Insurance Corporation (ESIC) is the apex body governing this scheme and it ensures insurance protection for […]
PAN Card: Importance, Benefits, Consequences, Application
Overview of Permanent Account Number (PAN) in India Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identifier assigned to individuals, companies, and other entities by the Income Tax Department of India. PAN is an essential document for tax purposes in India and plays a vital role in the process of tax administration and compliance […]
Filing GST Return: 10 Common Mistakes You Should Avoid
GST law has become the principal indirect tax law after subsuming most of the erstwhile indirect tax laws in India. However, it is a compliance-based law with monthly, quarterly and annual compliances to be ensured by the registered persons. Non-compliance can lead to a levy of late fees and interest. However, whenever it comes to […]
Why You Should Keep Udyam Certificate Ready for Bank Loans?
Micro, Small and Medium Enterprises (MSMEs) have a significant contribution to the growth of the economy. The government extends various benefits to the MSME sector to help them grow. However, for availing governmental and other benefits, it is important for an enterprise to be classified as an MSME by obtaining MSME registration. This is where […]