Agriculture sector plays vital role in Indian economy both in terms of employment generation and contribution in GDP. Economic survey of year 2015-16 records 17.4% contribution of agriculture sector in total GDP. Nearly 50% Indian population is being dependent upon the agriculture and allied activities for livelihood. Therefore, it is impertinent to note the impact […]
The minimum requirements for Company Registration in India as per the Companies Act, 2013. These requirements are essential to incorporate a private limited company and provide it a distinct legal identity for all practical purposes.A Private Limited Company is a Company formed under the Companies Act offering essential features like transfer of ownership through shares,
Article 265 of the Constitution of India states that no tax can be levied or collected except by the authority of law. This means that all taxes must be imposed by a valid law and that no tax can be levied or collected without the authority of law. The law here means only a statute
The payment service known as the Aadhaar Enabled Payment System (AEPS) enables bank customers to access their Aadhaar-enabled bank account and carry out standard banking operations such as checking their balance, making cash withdrawals, and sending money overseas through a Business Correspondent by using Aadhaar as their identity. Payments can be made using the unique
Aspiring to become an entrepreneur or businessman and setting up businesses have been rising tremendously among the people. In India, everyone, especially the youth, is looking to develop unique business ideas and create opportunities to grow. This, in turn, is reaping benefits for both the business and the economy at large. India is a land
In order to ride or drive a vehicle legally on the public roads, an Indian driving licence is mandatory. However, a permanent driving licence cannot be received right away. There is a separate process for it. An individual who wants to drive any type of motor vehicle in India has to get his/her learner’s license
Under section 17 of the Indian Registration Act 1908, AP stamps and registration deed details of every immovable property sold should be registered in the Registrar’s office within six months of deed execution. IGRS AP deed details help in preserving the ownership title and also act as proof if the property documents are lost. When
Income from Other Sources plays a vital role in India’s taxation system. It refers to the income that does not fall under the other four heads of income, namely Salary, House Property, Business/Profession, and Capital Gains. Such income is taxed as per the provisions of the Income Tax Act, 1961. Heads of Income Income from
The overall cost of Company Registration is quite essential for starting a Company in India. We are here to discover the various elements which add up to this cost including Government fees, professional charges and fees for essential prerequisites like DIN & DSC. Startups established as companies in India are required to get a mandatory
Pravasi Pension Scheme (PPS) is a post-retirement best pension plan for Non-Resident Keralites (NRKs) who wish to settle in the state after returning from a foreign country. Kerala Pravasi Welfare Board manages this scheme and is funded by the Pravasi Welfare Fund (Pravasi Kshemanidhi). The government of the Indian state of Kerala set up the Kerala Pravasi
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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