Section 106 of the Transfer of Property Act of 1882 deals with the duration of certain leases in the absence of a contract. According to this section, a six-month notice period should be served by the lessor or lessee for immovable property. This clause is applicable on properties used for agricultural and manufacturing purposes. For […]

FSSAI protects public health and well-being, while also strengthening the competitiveness and sustainability of the food industry. However, challenges in this domain are constantly shifting due to factors like globalization, urbanization, climate shifts, and new pathogens. This necessitates ongoing improvement and innovation in food safety practices and regulations. To meet this crucial need, the Food

According to rule 2A of the Income Tax Rules, HRA for salaried individuals is accounted for under section 10 (13A) of the Income Tax Act. Similar to this, self-employed people are not taken into account for HRA exemption under this provision but may still be eligible for tax benefits under section 80GG of the Income Tax Act.

NBFCs are the key pillars of the financial sector, elevating financial inclusivity for those experiencing capital or credit issues. The advent of NBFCs has harmonized the financial sector and broadened credit accessibility, spanning almost all kinds of entities regardless of footprint or sector. NBFCs in India experience stringent operational norms to keep things transparent and

The hospitality industry is growing, and as budget travel has increased, budget-friendly hotel companies such as OYO have grown in popularity. If you’re an entrepreneur looking to enter the hotel industry, an OYO hotel franchise could be a good fit. But, before you get started, you need to understand the OYO franchise cost so that

The National Savings Certificate (NSC) program is a fixed-income plan. It is a popular savings product in India. This program may be activated at any Post Office. The NSC plan is a project of the Government of India. As a result, it ensures returns. This savings bond encourages investors with low and moderate incomes to

The National Small Industries Corporation (NSIC) registers Micro, Small & Medium Enterprises (MSME) under a Single Point Registration scheme to offer them unified support services. The corporation is a mediator between the Government of India and the small-scale industries. It aims to promote the growth and competitiveness of the MSME sector by launching various schemes.

The Goods and Service Tax puts forth several types of forms for taxpayers to file returns. These forms are classified based on the returns filing frequency and type of transaction undertaken. What is GSTR-1? GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given

A franchise is a type of license that grants a franchisee access to a franchisor’s proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product or service under the franchisor’s business name. In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and annual licensing fees.