Patent registration is the process of obtaining legal protection for an invention. A patent is a legal document granted by a government that gives the inventor exclusive rights to use, sell, and manufacture their invention for a certain period of time, usually 20 years from the date of filing. The Patent Registration in India for … Read more
The Food Safety and Standards Authority of India (FSSAI) is a regulatory body established under the Food Safety and Standards Act, of 2006. FSSAI is responsible for ensuring the safety and quality of food products in India. Every food business operator (FBO) is required to obtain an FSSAI license to operate legally. If you want … Read more
The MCA has authorized the submission of Forms GNL-2, MGT-14, PAS-3, SH-8, SH-9, and SH-11 in physical form. All the crucial information regarding physical filling of forms is mentioned in this article. MCA allows physical filing of Forms GNL-2 and MGT-14 during MCA21 Portal transition The Ministry of Corporate Affairs (MCA) has announced that companies … Read more
Charitable trusts are now subject to stricter reporting regulations by the income tax authorities, requiring additional information in audit reports and placing greater responsibility on auditors. Thus, the Central Board of Direct Taxes (CBDT) has introduced changes to the audit reports for charitable trusts. Let’s understand the latest updates for Charitable trusts through this article. … Read more
GST (Goods and Services Tax) registration is a process by which businesses obtain a unique GST number from the government of India. The GST number is necessary for businesses to be able to legally collect and remit GST on their taxable supplies. To obtain a GST number, a business needs to apply for GST registration. … Read more
The Ministry of Corporate Affairs (MCA) has announced an extension of time for filing 45 company e-forms, including PAS-03 and SPICe+ Part A, in MCA v3 Portal with no additional late fee. The circular issued by the MCA on 21-02-2023 provides relief to companies that were facing difficulties in filing these e-forms within the original … Read more
Foreign remittance is the transfer of money from one country to another. It is a common practice for people who work or live abroad to send money to their families or friends back home. However, with the new tax rules coming into effect from July 1, 2022, it is important to understand how the taxation … Read more
Professional tax is a direct tax imposed on all types of professions, trades, and employment in proportion to an individual’s income. As per Article 276 of the Constitution, the responsibility of levying profession tax lies with the state governments. That’s why it differs from state to state. Each state has different rules and regulations for … Read more
Usually, ITR filing forms for a particular financial year are notified by the end of March or early April. However, considering the amendments in the Income-Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023. … Read more
On February 18, 2023, the 49th GST Council convened in New Delhi under the leadership of Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs. In attendance were Union Minister of State for Finance Shri Pankaj Chaudhary, finance ministers from states and union territories with legislatures, as well as senior officials from the … Read more