🔊 Play The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector in the Indian economy and is the backbone of the country. Obtaining the MSME registration certificate is not mandatory and is at the sole discretion of the enterprises. Eligibility for MSME registration for enterprises depending upon […]
WHAT IS AN IMPORT EXPORT CODE (IEC)?
🔊 Play One needs to adhere to various rules, regulations and other technicalities that international trade has, to make one’s business global. One of the mandatory requirement is Import export code. What is Import export code? Import Export Code (IEC) or Import Export License is a Ten digit alphanumeric code allotted which is same as your PAN […]
Why is Internal Audit Important for Your Company in India?
🔊 Play INTERNAL AUDIT Internal audit process is executed in every company irrespective of its size and under which segment it is operating. Internal audit process helps in keeping an internal checks & balances on the company policies & management including corporate governance and accounting processes associated. Internal audit process also ensures that the company […]
Know all about Digital Signature Certificate
🔊 Play What is Digital signature certificate (DSC)? Digital signature certificate (DSC) provisions are regulated under Information & technology act, 2000. This is the most authentic and secures way of uploading a document electronically. Digital signature certificate (DSC) is a way of signing a document electronically. In the era of internet where everything is present […]
How to Register a Trademark & What Cannot Be Trademarked In India?
🔊 Play Trademark registration is regulated under the rules and regulation specified Trademarks act, 1999. Trademark registration gives an individual advantage over its competitors in the market. It also gives your product a legal representation, uniqueness from competitors, helps in creating a brand value. This unique identification is given in the form of certain word, […]
What is Advance Tax and Due Dates for Advance Tax Payment
🔊 Play What is Advance Tax? Section (208) of the Income tax act, 1961 defines “Advance Tax” which means any tax that is paid before the end of the financial year. An assessee earning an income of more than Rs. 10,000 and above in a financial year is liable to pay advance income tax. Rather […]
Essentials to Get FSSAI License in India for Restaurant
🔊 Play India is projected to have the largest food & beverages industry by 2020. So this is the responsibility of a central food authority i.e. FSSAI to lay down certain standards & rules which will help in regulating the food industry. Most Indians eat out once or twice in a month, they eat out […]
APPROVAL PROCESS FOR FDI IN INDIA
🔊 Play The proposals for FDI in India are processed according to the standard operating procedure (SOP) devised by the Department for the promotion of Industry and internal trade (DPIIT). Following are the stages which are there in FDI approval process: APPLICATION SUBMISSION: Preliminary stage to initiate a process of FDI in India is to […]
TAX AUDIT LIMIT FOR BUSINESS/PROFESSION IN INDIA
🔊 Play According to Section 44AB, Income tax act 1961 (As amended by finance act, 2017) accounts of persons carrying business/profession need to be audited. Every person carrying on: – Business Total sales/Turnover/Gross receipts exceeds INR 1 Crore in any previous year. Profession Gross receipts exceeds INR 50 lacs in any previous year. Business (Section […]
POPULAR CHARTERED ACCOUNTANTS (CA) SERVICE PLATFORMS IN INDIA
🔊 Play Whether you are an individual or a company, planning for your tax liabilities is a necessity. A rational tax advisor is a certified Chartered Accountant by ICAI. A good tax advisor can save you a considerable amount of funds in your pocket. They have the proficiency to understand the complex Direct Tax & […]