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- What is Section 43B of the Income Tax Act?Introduction Section 43B of the Income Tax Act is an important provision which deals with various types of expenses allowed as deduction. It lays down the conditions for claiming deductions for certain expenses incurred by businesses and individuals. In this blog, we will take a closer look at Section 43B and understand its various aspects. What is Section 43B of the Income Tax Act? Section 43B...0 Comments 0 Shares 117 ViewsPlease log in to like, share and comment!
- What are the responsibility of an Independent Director in a Company?Introduction Independent director refers to a director who is not connected or related to the company in anyway and acts only to protect the interest of the members who cannot look after their interests themselves. One of his main responsibilities is to improve corporate governance and their standards. In this blog, we will discuss the responsibilities and duties of an independent director but...
- Differences Between Trademark Assignment & Trademark LicensingIntroduction A key difference between trademark assignment and trademark licensing is that the assignment of a registered trademark is a change in ownership. Trademark licensing, on the other hand, is the transfer of certain rights (in a limited way) to a registered trademark while retaining ownership of the trademark. First let’s go, “What are trademark assignments and...
- Reverse Charge Mechanism v/s Forward Charge MechanismIntroduction Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier. On the other hand, FCM is a system in which the supplier of goods or services is responsible for collecting and paying taxes...
- All you need to know about Section 194F of the Income Tax ActIntroduction The Income Tax Act of India governs the taxation of income earned by individuals, companies and other entities. Section 194F is one of the sections of the Act, which deals with tax deduction (TDS) on payments made for lottery, crossword puzzle, card game or other game-related profits. This article aims to provide a comprehensive understanding of Section 194F and its...
- What is the process to start a food franchise business in India?Introduction Franchising is a good option for individuals who want to set up their business idea in the food service sector. If such an individual is operating under the umbrella of a popular brand, you can speed up your journey. After their doors are open and they begin to earn money, the owners of a restaurant will consider franchising with you as a means of growing their food business....
- How to File ESIC Return?Introduction Employees State Insurance (ESI) is administered by the Employees State Insurance Corporation (ESIC) which is a government organization. The program primarily provides financial and medical assistance to workers and their families. This assistance is provided to employees when the employee is ill, injured on duty or pregnant and is unable to perform her duties. In this article...
- What is Trademark Clearance Certificate for Copyrights?Introduction In the world of creative works and intellectual property, copyright protection is necessary to protect originality and prevent unauthorized use. However, copyright protection involves much more than simply registering your work. A crucial aspect is to obtain a trademark clearance certificate for copyright. In this blog, we’ll explore the importance of a trademark...
- Different Types of Correction in TDS Return in IndiaIntroduction The idea of TDS was introduced with the aim of levying tax at the source of income itself. Tax filing is a time-consuming process subject to inevitable mistakes. TDS returns and statements should be accurate. However, the Income Tax Department has started the process of submitting revised TDS returns “Correction Returns/Statements” to correct any error in the...
- What is GSTR 10 and how to file GSTR 10?Introduction Goods and Services Tax (GST) has streamlined the tax structure in India. As a part of GST compliance process, taxpayers are required to file various returns including GSTR 10. In this article, we’ll discuss everything you need to know about filing GSTR 10, including what it means, who needs to file, the due date, and the penalty for non-compliance. The meaning of GSTR...
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