Union Budget of 2021 amends the Income Tax Act of 1961 (“Act”) to prohibit depreciation on an organization’s goodwill. The Income Tax Act prohibits depreciation on self-generated goodwill. From 01st February 2021, devaluation on utilizing goodwill of an ownership interest will be not being permissible. Goodwill is specifically immune from the ‘Intangible Assets’ group. Furthermore, on […]

Chhattisgarh e-District is an initiative of the Department of Electronics & Information Technology (DeitY) with the aim of providing of G2G services to the citizens. The e-District portal involves integrated and seamless delivery of citizen services by district administration through automation of workflow, back end digitisation, integration and process redesigning across participating departments for providing

The Patents Act, 1970, which was amended in 2005 to conform to worldwide norms, regulates the patent status in India. According to the Act, patents are given for brand-new innovations that are inventive, non-obvious, and applicable to industry. There are several stages in the Indian patent application procedure, including filing the application, having it examined,

In Uttar Pradesh, all residents of the appropriate state must possess ration card which is distributed by the department of food and civil supplies. The objective of the issue of ration card is to implement the Targeted Public Distribution System (TPDS) that provides essential commodities like rice, wheat, sugar, kerosene, fertilizers, LPG, etc. to its

Mee Bhoomi is an Andhra Pradesh government initiative to digitise all records and make it easily accessible to the public. Mee Bhoomi makes the procedure for getting encumbrance certificate or land records easy through the portal while improving speed and transparency. Mee Bhoomi can be used by any person to obtain government land records in all the villages,

In the cut-throat competition of the modern-day market, it has become of utmost importance to have an identity of one’s own. To have one’s own identity one needs to have a trademark for their good and services. The element to choose for a trademark Registration becomes one of the most difficult tasks. As every product is different

The Employees’ Provident Fund (EPF) passbook contains information and specifics about all the transactions that have been done in the EPF and Employees’ Pension Scheme (EPS) accounts by both the employer and the employee. The passbook lists all of the monthly donations, the interest that has accrued, and the interest that is currently being accrued on the

NGO (Non-Government Organization) is established solely to serve non-profit humanitarian purpose in the form of Charitable Trust/Society/Section 8 Company and once such entity is formally registered it is approved of a bunch of tax exemptions, benefits, reliefs as well as provision of tax deductions for the donors. For that, 12A and 80G registrations are mandatory,

FCRA Registration is an essential compliance requirement for enterprises involved in social upliftment and is required of groups seeking foreign donations. The government authority issues the registration certificate, which must be obtained to apply for or accept funds from overseas charitable organizations, social institutions, and registered trusts.Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or

Bihar RTPS (Right to public service) portal is an online platform that has been established by the Government of Bihar. It is designed to facilitate the citizens of the state to avail various online services under a single portal. People can register into the portal to access all the services offered by the Bihar government.