Due to the current pandemic situation, the Government has given an extension for filing the various income tax returns. At the time when the country is facing a second Covid wave, there is a lot of commotion in the day-to-day financial activities due to prevailing lockdown in the country. [...]
Copyright is a type of intellectual property that helps the owner to protect his work from getting copied. Copyright represents the ownership and possession of the owner. Copyright protects the ownership right of the holder and has a legal right to take any action. One can protect his creative [...]
According to the MCA guidelines, it is mandatory to conduct KYC for each person who holds DIN. Every Director who has been allotted with the DIN on or before 31st March 2018 and whose status is approved including disqualified director, would be mandatory to file a DIR-3 KYC form. [...]
GST is the new taxation structure that came into force from 1st July 2017. It has changed the whole system of tax payment from the states and central government. Every business, individual, or company who is providing the services, or is within the field of manufacturing or in selling [...]
Since 1st July, only GST (Goods and Service Tax) is being charged. Taxpayers who are registered under state VAT or central board of excise and customs switched to the GST platform for filling the tax and sharing the information with the Taxation authorities Once an entity is registered under the GST, [...]
What does one mean by “Startup India”? Startup India is one in all the foremost initiatives by the Government of India. This program was first announced by Prime Minister Shri Narendra Modi during his Independence speech in 2015. The action plan of this initiative is focusing on three areas: Simplification [...]
Earlier there used to have multiple taxes such as VAT, Excise duty, Service tax, etc. But after implementing GST the government has eradicated the complex taxation system with a simple one tax. GST is an indirect tax that is levied on goods and services. AND Depending upon [...]
Trademark is unique signs competent of being described geographically that are used to identify goods and services from one person to another. It is classified under intellectual property. A trademark protects intellectual property rights. Intellectual property rights permit people to maintain ownership rights for their products and services. The trademark includes [...]
TCS on Sale Of Goods TDS on Purchase of Goods 1. This provision is governed by Section 206C(1H). 1. This provision is governed by Section 194Q of the Income Tax Act, 1964. 2. It is applicable from 1st October 2020. 2. It is applicable from 1st July 2021. 3. It is applied to sellers of [...]
Income from share trading can be treated as income from Capital Gains as well as Income from Business/ Profession. There has always been an ambiguity about this topic. Share trading can be done as a full-time business as well as an investment option. In recent times there has been [...]
