The NSO (National Statistical Office) has recently released a report titled ‘Payroll Reporting in India: An Employment Perspective – February 2021’. It has been releasing such reports since April 2018 and covers the period starting September 2017 onwards. A part of the report informs readers that the ESIC Scheme Adds 11.58 lakh, new members, in February … Read more
Food is the basic need of humans and everyone should get quality foods at an affordable price. But with the rise of the food industry in the Indian economy, adulteration and additives in the food started just to gain profit. So, to stop such activities in the food industries, FSSAI was established. About FSSAI The … Read more
Credit and Finance for MSMEs: The government had last week announced the expansion of the deadline for payments under the Direct Tax Vivad Se Vishwas Act, 2020, and some compliances under the Income Tax Act by two months till June 30. In this article, we will discuss 80% MSMEs, startups urge to extend GST payment. … Read more
The Indian Income Tax Act 1961 consists of 23 chapters and 298 sections. It requires a lot of in-depth analysis and years of study to gain expertise on the same. This post will restrict itself to the meaning and importance of ITR filing, the documents required for ITR filing, and the importance of Form 16 … Read more
The Income Tax Department has initiated the Income Tax Return (ITR) Offline utility for Assessment Year 2021-22. The department has made usable the Offline utility of ITR-1 and ITR-4 as of now. In this article, we will discuss CBDT enables ITR Offline utility. CBDT enables ITR Offline utility The Income Tax Department has inaugurated the … Read more
The Indian food processing sector is all set to witness significant future growth. The food processing industry in India has fast emerged as a profitable business in light of the value addition it offers. As such, it is one of the high-priority sectors earmarked for tremendous growth by the Government. The high earning potential and … Read more
As we know the second wave of Covid-19 pandemic and possible lockdown-like restrictions in several parts of the state are likely to dent the government’s GST earnings in the new fiscal. After the general lockdown, the revenue growth was almost restored to ordinary in the last quarter of 2020-21. In this article, we will discuss … Read more
Kolkata (WB)-based Food Safety & Standards Authority of India’s (FSSAI) Eastern and Northeastern Regional officers called on Governor BD Mishra and discussed for many ingredients, manufacture, preservative additions, storage, shelf life, distribution and sale of food commodities in fit condition to enhance health and safety. In this article, we will discuss on FSSAI Director calls … Read more
The second wave of the corona is more impactful than the first one and it created havoc among the people. Even the public is getting panicked because of the inflation in the medical sector, there is a shortage of oxygen cylinders and some states are running lack of remdesivir medicine. Also, the government has given … Read more
The prime source of the Government to generate revenue from the public is the tax. The Government spends these generated revenues on public infrastructure, hospitals, education, and many programs. So, Government has made some changes in the tax structure to give relief to lower-income groups. However, a person whose income is more than Rs 5 … Read more