The FSSAI has taken a serious step to safeguard public health. Food Safety and Standards Authority of India (FSSAI) has ordered all local food businesses to stop using the ‘100% fruit juices’ label on reconstituted fruit juice products. This rule takes effect right away. However, businesses can use existing packaging till September 1, 2024. Misleading … Read more
Understanding deductions under Section 80 of the Income Tax Act is crucial so you can benefit completely from ITR Filing. In this article, you will know all about deduction under section 80 from ITR Filing perspective which will help you get tax benefits. Section 80C Maximum Deduction: You can claim a maximum deduction of ₹1.5 … Read more
Efficiency and accuracy are the keys to success in the fast-moving business of India. In Micro, Small, and Medium Enterprises (MSMEs), competitiveness is the keyword, and to make them count, every available tool is to be used, with barcode registration being one such essential tool. We will understand the barcode registration in India, and it’s … Read more
The Zero Defect Zero Effect (ZED) certification is a valuable recognition for MSMEs) in India. It encourages high-quality manufacturing with minimal environmental impact. Furthermore, it supports the Make in India initiative and benefits your business in several ways. Let’s know about ZED Certification through this article. Understanding ZED Certification ZED certification is built on two … Read more
All GS1 barcode registrations have a specific validity period. Thus, it’s essential to renew your GS1 barcode Registration before it expires. This ensures that your barcodes remain valid, you retain access to your DataKart account, and enable validation of your barcode numbers through various GS1 repositories. Renew Your Barcode Registration in 3 Simple Steps 1. … Read more
The MSME Sustainable (ZED) Certification drives awareness among MSMEs about Zero Defect Zero Effect (ZED) practices. It motivates them to achieve certification and become MSME Champions. The ZED Certification Scheme helps MSMEs reduce wastage, save energy, enhance productivity, and adopt best practices to boost their global competitiveness and sustainability. In this article, we’ll guide you … Read more
The Hindu Undivided Family (HUF) is a well-established mechanism for tax planning in India. In this article, we will explore the complexities of HUFs, including their formation, essential components, taxation aspects, and the substantial tax-saving advantages they provide. Understanding the HUF: Karta, Coparceners, and Members Karta At the heart of every Hindu Undivided Family (HUF) … Read more
In a significant regulatory update, the import of used, repaired, refurbished, and reconditioned electronic products intended for the Indian market must now get BIS Certification. Furthermore, welcomed by the industry, aligns with the government’s recent efforts to curb the influx and sale of substandard products within the country. Let us understand the latest news of … Read more
Understanding the income tax slabs for the financial year 2024-25 (assessment year 2025-26) is crucial for you before ITR Filing. Both the old and new tax regimes offer different benefits. Thus, taxpayers can choose the tax regime as per their own financial needs and understanding. Let’s understand the latest income tax slabs for FY 2024-25 … Read more
As a taxpayer in India, you can choose the tax regime. There are two options. Old Tax Regime and New Tax Regime. Both these tax regimes have their own unique benefits. Thus, it is important for you to understand Income Tax Slabs FY 2023-24 & AY 2024-25 before doing ITR Filing. Old Regime Tax Rates … Read more