MSME industries are the backbone of the economy. They are also known as Small Scale Industries (SSIs). The government of India provides an MSME registration to the industries classified by the government as Micro, Small and Medium Enterprises (MSME) in India. The MSME registration helps MSMEs to obtain various benefits provided by the government for […]
Gifting is one of the many mediums through which one can transfer their property to another person. To give this transaction legal backing, a gift deed must be drafted, executed and duly registered after the payment of applicable gift deed stamp duty and registration charges. In India, property transfers as gifts are governed by the Transfer of
A bill of lading (BL or BoL) is a legal document that’s issued by a transportation company to a shipper. It details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination. This document must accompany the
Developed by the National Payment Corporation of India (NPCI), UPI enables real-time fund transfers between two accounts through mobile devices. Also known as Unified Payment Interface, this payment system makes it extremely convenient to make payments instantly and digitally. One of the compelling reasons for UPI’s immense popularity is that you don’t have to pay
The process of verifying the data a taxpayer has supplied in the returns they have filed to the income tax department is known as income tax assessment. Following the submission of an assessee’s income tax return, the Income Tax department conducts an assessment. The assessment is being done so that the Income Tax department may
Rajasthan drug license is a document of permission for carrying out businesses related to pharmaceutical industries that deal with drugs, medicines and cosmetics. The government of Rajasthan issues drug licenses to regulate the manufacture, storage, distribution and sale of drugs. Rajasthan Drug License is issued under the Drug and Cosmetics Act of 1940 to the person dealing with drugs.
According to the World Bank, almost 64.61% of the Indian population lived in rural areas in 2021. Most rural regions lack modern healthcare facilities and the advanced infrastructure required to provide quality services. What is National Rural Health Mission? The National Rural Health Mission was launched on 12th April 2005 to provide quality health care
A salary hike, also known as an increment is an increase in the current wage by a fixed percentage. This is expressed as a percentage of the current salary and is known as the percentage hike. A salary hike refers to an increment in salary. It includes upward adjustment of a person’s compensation package. It
Any trust, organization, or Section 8 charity that accepts a foreign contribution or donation must register under Section 6(1) of the Foreign Contribution Regulation Act, 2010. This kind of registration is called an FCRA registration because it is mandated by the Foreign Contribution Regulation Act of 2010. the world is more focused towards social and
The objective of this scheme implemented by the Rajasthan Government is to encourage new industries and encourage new investment in old industries. This scheme will be in force from 07 October 2022 to 31 March 2027 and it can be amended from time to time as per the need. Eligibility for MSME Sector under RIPS
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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