Company needs additional capital and keeps the voting rights of the existing shareholders proportionately balanced, the company issues Rights shares. The issue is called so as it gives the existing shareholders a pre-emptive right to buy new shares at a price that is lesser than market price. The Rights issue is an invitation to the […]

A merchant discount rate is the rate levied on debit and credit card transactions to a merchant for the payment processing services. Before accepting debit and credit cards as payment the merchant must set up this service and agree to the rate. The merchant discount rate is a price that merchants must take into consideration when calculating their company’s overall costs. Most retailers will expect

The National Health Policy (NHP) is a framework set by the Government of India to guide the development and implementation of healthcare services in the country. The latest version, NHP 2017, focuses on providing affordable, accessible, and quality healthcare to all citizens. Overview The National Health Policy 2017 continues to build on the progress made

Income Tax Department to establish a taxable individual’s or company’s residence status. It is especially important during the tax filing season. In reality, this is one of the variables used to determine a person’s taxability. Residential Status for Income Tax An individual’s taxability in India is determined by his residential status under the income tax

The Dena Shakti Scheme was a loan scheme introduced by Dena Bank (now merged with Bank of Baroda) to support women entrepreneurs in India. The scheme aimed to provide financial assistance to women engaged in various business activities at concessional interest rates. Sectors Covered Under this Scheme Agriculture and allied activities Small Enterprises (Direct and

The Ministry of Corporate Affairs (MCA) has announced a new format of statutory audits of companies. The MCA has notified Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25 February 2020.  The auditor’s report of specified companies should include a statement on certain prescribed matters as provided under the Companies Act, 2013. These requirements with

Professional tax is charged on salaried individuals and is paid to the Gujarat state government. Professional tax is deducted by the employer and the amount varies based on the employees’ income.A tax that is levied on employees and on those people carrying out a professional trade in India is called a Professional tax. The maximum amount that

The original Notification number S.O. 2119 (E), dated June 26, 2020, has been amended by the Ministry of Micro, Small and Medium Enterprises (MSME), via Gazette Notification number S.O. 2134(E), dated May 6, 2022. The Ministry has issued a change to Paragraph 7, which addresses registering current businesses, through this Notification. According to a statement

Equity shares represent ownership in a company, giving shareholders voting rights and a share in profits through dividends. From a tax planning perspective, investing in equity shares can help optimize tax liabilities and maximize returns. What are equity shares? In a company, the total business is generally divided into smaller business units known as equity