Minimum Order Quantity (MOQ)

Having the right amount of inventory is vital to sustaining a business. You need to meet demand, but you don’t want to hold onto stock you can’t sell. In a perfect world, you would set up reorders on a schedule, and in quantities exactly designed to meet customer needs. Purchasing, however, isn’t always that simple. […]

Central Government Health Scheme

The Central Government of India has been providing comprehensive medical care to the Central Government employees and pensioners for as long as the last six decades under the Central Government Health Scheme. The Scheme is designed to cater to the healthcare and needs of beneficiaries who are eligible. These beneficiaries are individuals who comprise to

Tax Planning for Individuals under Income Tax

ax Planning is the process of evaluating a financial plan or conditions in relation to taxes in order to achieve the greatest possible tax efficiency by coordinating all of the financial plan’s elements to function efficiently with regard to taxes. A financial plan’s key component is tax planning, which lowers tax obligations and increases contributions

Institutional investors

The financial market is a complex ecosystem hosting a large variety and number of components. It naturally comprises a diverse range of participants on either end of the spectrum as well. And the crowd of investors in it are no exception in that regard. Just as there are individual investors, the financial market also hosts a

Section 188 – THE INDIAN CONTRACT ACT, 1872

Extent of agent’s authority An agent, having an authority to do an act, has authority to do every lawful thing which is necessary in order to do such act. An agent having an authority to carry on a business, has authority to do every lawful thing necessaryfor the purpose, or usually done in the course,

Section 187 – THE INDIAN CONTRACT ACT, 1872

Definitions of express and implied authority An authority is said to be express when it is given by words spoken or written. An authority is said to be implied when it is to be inferred from the circumstances of the case; and things spoken or written, or the ordinary course of dealing, may beaccounted circumstances

Section 186 – THE INDIAN CONTRACT ACT, 1872

Agent’s authority may be expressed or implied The authority of an agent may be expressed or implied Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit |

Section 185 – THE INDIAN CONTRACT ACT, 1872

Consideration not necessary No consideration is necessary to create an agency. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax

Section 184 – THE INDIAN CONTRACT ACT, 1872

Who may be an agent. As between the principal and third persons, any person may become an agent, but no person who is not of the age of majority and of sound mind can become an agent, so as to be responsible to his principal according to the provisions in that behalf herein contained. Practice

Section 183 – THE INDIAN CONTRACT ACT, 1872

Who may employ agent Any person who is of the age of majority according to the law to which he is subject, and who is of sound mind, may employ an agent. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST