A consultant is a professional who specializes in a specific sector and serves as an advisor to a firm or a person. The type of consulting would be determined by the consultant’s industry and area of work. Consultants are an essential component of any company. A consultant is considered an expert in a particular field […]

Limited Liability Partnership (LLP), regular filing of returns is essential to uphold LLP compliance standards and steer clear of substantial penalties for non-compliance. LLPs benefit from a relatively lighter annual compliance burden compared to private limited companies. Nevertheless, the potential fines for non-compliance can be significant. While a Private Limited company might face penalties of

A patent is granted to an inventor for a scientific invention. A patent is granted in a country under the specific act and rules. On fulfilling the criteria of patentability such as novelty, inventive steps and industrial applicability, a patent is granted to an inventor. A patent is a right given to an inventor to

Spot market refers to the place where financial instruments are traded for cash for immediate delivery. Assets traded in the spot market include commodities, currencies, and securities. Delivery occurs when the buyer and seller exchange cash for the financial instrument. A futures contract, on the other hand, is based on the delivery of the underlying asset

Vijaya Bank is one of the major public sector banks in India. The bank has its corporate office in Bangalore, Karnataka. It offers a number of financial services such as savings account, current account, fixed deposits, loans, PPF and other saving schemes. Each and every customer is provided with a Vijaya Bank account number for every product. Current

The government issues the Tamil Nadu Community Certificate to people who identify as members of the Scheduled Castes (SC), Scheduled Tribes (ST), Most Backward Classes (MBC), and DE notified Tribes (DNT). To qualify for any of the government’s benefits, reservations, or safeguards, a person must present this certificate as proof of their caste or community. The Community

A charitable trust is a type of entity formed to provide the public with religious or humanitarian facilities. Trusts that are formed for charitable or religious purposes and not intended to do commercial activities are allowed various benefits under the Income-Tax Act. ITR-7 is filed when persons including companies are required to file their returns

Telangana Government, as a part of its welfare measures and social safety net strategy, introduced the Aasara pension scheme with a view of ensuring a secure life with dignity for all the poor people. Aasara pension scheme is meant to protect the most vulnerable sections of society to support their day to day minimum needs

CBIC has taken various steps which have had the impact of reducing the dwell time as well as bringing down the logistics cost of EXIM clearances. One of the flagship initiatives in this regard has been the Direct Port Delivery (DPD). DPD is an innovative scheme, introduced at JNCH and replicated at other CFS-based ports

PPF meaning can be simply stated as a long-term investment scheme, popular among individuals who want to earn high but stable returns. Proper safekeeping of the principal amount is the prime target of individuals opening a PPF account. When a PPF scheme is opened, the PPF account is scheduled for the applicant where the money is deposited