Corporate tax refers to the tax that companies must pay on their profits. The tax rate and structure can significantly affect business operations, investment decisions, and economic growth. In India, corporate tax has undergone various changes over the years, aimed at making the business environment more competitive and encouraging investments. The reduction in corporate tax […]

The Food Safety and Standards Authority of India (FSSAI) is the regulatory body that ensures the safety and quality of food products in India. The FSSAI license is mandatory for food businesses, including manufacturers, importers, and relabellers. A relabeller refers to an entity or business that buys food products from manufacturers, repackages them, and then

The Food Safety and Standards Authority of India (FSSAI), established in August 2011, provides food licenses to food businesses in India. It is mandatory for food businesses to get a food license before they officially start their business. FSSAI was set up by the Ministry of Health and Family Welfare, Government of India, as an

Punjab National Bank (PNB) offers a range of financial products to cater to the needs of professionals like doctors, architects, chartered accountants, lawyers, engineers, and more. These loans are designed to help professionals expand their practices, buy equipment, or manage working capital needs. Key Features of PNB Loan for Professionals Purpose of Loan: To finance

Electronic Payment Systems (EPS) in India refer to digital methods of transferring money between individuals, businesses, and financial institutions without using cash or paper-based instruments like cheques. These systems have transformed how transactions are conducted, making payments faster, safer, and more efficient. What is Digital Payment? Digital payments are transactions that occur via digital or

BAANKNET (Bank Asset Auction Network) is a platform that facilitates the sale of bank assets, such as properties, vehicles, and other seized or distressed assets, through online auctions. It was introduced by Indian banks to streamline the process of disposing of non-performing assets (NPAs) and recover dues. Purpose of BAANKNET Resolution of NPAs: Banks often

As per section 92 read with the sub-rule (1) of rule 11 of companies management and the administration rules. The objective of the aforesaid move is to reduce the compliance burden on small companies and (One Person Company) OPC and thus to correct some applied difficulties while filling the aforesaid form. Worthwhile mentioning here that

A domicile certificate is an essential certificate the proves resident of a particular state or UT issued by the state governments or administration of the respective state or Union Territory. A domicile certificate is a crucial official document that verifies an individual’s residency within a particular state or union territory, sanctioned by the respective state

Service tax is payable to services provided by the provider. It’s similar to excise duty where an amount is payable on goods that are manufactured. It’s a type of indirect tax that is collected by the Government after consuming the taxable services provided by travel agents, restaurants, cable providers, cab services etc. Service tax was