In India, a firm can be owned, managed, and controlled by a single individual as a Sole Proprietorship. You get to retain all of the money or profits you make. It is also possible to avoid multiple taxes in India because of the advantages of single proprietorships. Only in your own name will you be … Read more
E-Way Bills on the GST portal make it easier for items to be transported from one location to another. An electronic invoicing system or e-invoicing system was also implemented at the GST Council at its 35th meeting. Hence, E-Invoicing under the GST Regime is an important concept that you must know. In this article, you … Read more
We all know Import and Export Business is profitable in India. However, there is a cut-throat competition for strict laws. Before going global, there are a number of procedures and rules that must be followed, as well as a number of registration and licensing requirements. When importing or exporting from India, you’ll need an IEC. … Read more
According to Section 192, which deals with the TDS on salary income, every employer has to deduct TDS on salary payment if the employee’s salary exceeds the basic exemption limit stated by the government. Section 192 impacts all the salaried people of India, and in today’s guide, you will understand the important TDS provisions for … Read more
Taxpayers have to deal with harassment from tax authorities from time to time, thus the government has instituted an anonymous income tax assessment for their advantage. If there was an error on the return or there was a dispute over-regulation, the assessee was required to attend the I-T department office. Income tax assessments are now … Read more
India has the second-largest road network in the world, with a total of 5.23 million kilometers of roadway. Only 2% of the country’s overall road network is designated as a national highway, although it carries 40% of the country’s total traffic. Roads carry 65% of freight and 80% of passenger travel, which is a fascinating … Read more
MSME Registration offers several benefits to every business entity. If you have a Proprietorship firm and want to avail several benefits from government or financial institutions, you must know about MSME Registration or Udyam Registration. In this article, you will understand MSME Registration for Proprietorship Firm. What is MSME? MSME stands for Micro, Small, and … Read more
ESI is the short form for Employee State Insurance, which is managed and controlled by the Employee State Insurance Corporation (ESIC). This Scheme was established for offering various benefits to all the workers. The various benefits include medical, monitory, and other benefits. In this article, you will get to know about the important information relating … Read more
Nowadays, most of us spend hours on social media. Social media is the simplest way to stay connected with friends, family members, and office colleagues. It is also considered the newest way to remain updated about the various things happening around the globe like new product launches, current affairs, and the latest trends. So now, … Read more
The furniture industry, often known as woodwork or the woodworking industry, is engaged in the production of goods mostly out of wood. Carpentry, wood-turning, and carving are all part of it. Gujarat, Kashmir, Punjab, Uttar Pradesh, and Kerala have long been major contributors to the Indian furniture industry. Profitability is high, making it a great … Read more