Introduction In the ever-evolving landscape of financial management, staying informed about essential tools like the Universal Account Number (UAN) and Know Your Customer (KYC) is paramount. These two components play a crucial role in streamlining processes and ensuring the security of your financial dealings. In this article, we’ll delve into frequently asked questions and provide …
Introduction: As a business owner, managing finances effectively is crucial for the success and growth of your company. Accounting plays a pivotal role in ensuring financial stability and compliance. When it comes to handling your business’s accounting tasks, you have two primary options: in-house accounting and outsourced accounting. Each approach has its own set of …
Introduction: In today’s competitive business landscape, protecting your brand identity is crucial for long-term success. Trademark registration provides the legal framework to safeguard your intellectual property rights and establish a unique brand presence. In India, the process of trademark registration is governed by the Trade Marks Act, of 1999, and administered by the Office of …
Have you ever wondered how the accurate worth of a company or asset is determined? The answer lies in obtaining a Valuation Certificate. Let’s explore the intricate world of valuation and understand its significance within the Indian context. What is a Valuation Certificate?In simple terms, a Valuation Certificate is a document that establishes the worth …
In India, for the purpose of income tax, there is “Pay as you earn scheme”. As per such scheme, every person is required to pay tax through TDS/ TCS and advance tax, during the year only, in which the income has been earned. The rates of TDS are pre-determined and specified in the Income Tax …
Can you imagine a situation, when even before receiving your hard earned money in your bank account, government demands tax on such income twice the amount for which you are actually liable? Yes, such a situation can happen when you are having your income from outside India, where you might be required to pay tax …
Goods and service tax is a major factor which has a potential to cover the economic base of the country along with its sidelines also India is not just one of the biggest performing nations for generics however, additionally encountering a blast in remedial tourism which creates extra returns for the Healthcare Industry. India’s Pharmaceutical Industry as of …
The Finance Act, 2022 substituted subsection (4) and (5) of section 12AB with a new subsection (4) which provides a list of ‘Specified Violation‘ if undertaken by the assessee registered or provisionally registered under section 12AB, the Principal Commissioner or Commissioner may cancel the registration so taken by the assessee. Similar amendment has also been …
When we talk about related party or RPT (Related Party Transactions) or any law relating to it, there are multiple authoritative guidance which talk about related party, Related party transaction and their disclosures. We all know SEBI is harsh towards related party compliances because related party compliances are the compliances where transactions are being controlled …
There has been a lot of confusion between the meaning of salary and payroll. Many people uses the terms “Salary” and “Payroll” interchangeably. However, there is a considerable difference between the two. Salary refers to the amount to which the employee is entitled, in lieu of providing its services. On the other hand, payroll is …