Everything you need to know about Income Tax Return in India. As per section 139(1) of the Income Tax Act, 1961 , the individuals whose total income during the previous year exceeds the maximum amount which is not chargeable to tax, are required to file their income tax return (ITR).
The process of electronically filing of the income tax returns is known as e-filing. The due date for filing the tax returns (physical or online), is July 31st. Who should e-file the income tax returns? How can food business operator register for acquiring license under fssai? Food Standard and Safety Regulations Act is applicable to all food businesses in India.
It is a compulsion for all those entities involved in the food supply chain to obtain a license under FSSAI. This includes all those enterprises right from post farming, manufacturing, selling, retailers, labeling, re-labeling. Guide to top up or refinance loan against property. The collateral that you have mortgaged becomes a very dimensional bank product as the value of your property appreciates over time even when your loan depreciates, the value of the asset can be used to generate cash flow by refinancing that mortgage.
It can be done to obtain a lower interest rate, to shorten your loan tenure, to get the latest market value in order to finance a new purchase, for consolidating debt, for a conversion to a different mortgage plan. Process: Just like any other process applying for a new mortgage is quite simple, the steps involved are 1.An assessment of your present mortgage. Invoice financing Guide. INVOICE FINANCING: A term most commonly used nowadays.
It is a process by which Businessman can borrow money on amounts due from customers. This process is profitable to business as it helps to improve the cash flow position of the company as well as it helps them to pay employees and suppliers. A type of short-term borrowing, this is extended by a lender or a bank to its customers on the basis of goods and services sold. It is done by the company to carry and solve the liquidity needs of the customers. Basic principles of Copyright Legislation system. The importance of copyright was however recognized only after the invention of the printing press, which had enabled the large production of the books in large quantity practicable.
In India the first legislation of its kind, the Indian Copyright Act, was passed in 1914, which was however mainly based on the United Kingdom Copyright Act, 1911. During the five decades of modern and advance means of communications such as broadcasting, litho-photography, television etc., have however made roads in the Indian economy. With this , there was the need of new more powerful law, which could protect the rights of the copyright owners or the original creators. So new Act was however enacted by the parliament of India, which was thus based on the Berne convention and the universal copyright declaration. Why marketing is pivotal for your venture success When an Entrepreneur starts his own company, what do you think he desires from that company?
Name, money, customers, social change? It can be anything and everything. Setting up a company is not an easy task. so many things are to be considered. Registrations, different kind of legalities, choosing of location, producing documents and many other things. Why Food License Is Must To Run A Food Business. Any person desirous to commence or carry on any food business shall make an application for grant of a license to the Designated Officer in such manner containing such particulars and fees as may be specified by regulations.
-Food safety And Standards Act, 2006. Any food business in India works according to The Food Safety and Standards Act, 2006. Who can file Income Tax Return? Who can file Income Tax return Every taxpayer is entitled to submit a summary of his earnings annually to the Income Tax Department.
This submission is done by filing a series of form which is known as the filing of Income Tax Return. Income Tax Return thus can be defined as a statement of your earnings which not only include your salary but your earnings from all the other sources too are included in this. One has to file Income Tax Return under four months from the end of a financial year. What is the best choice for Startup. Startups primarily require two things, one being customers and second being capital.
Both are equally important. Now, attracting customers is done via marketing and different business strategies. Raising funds, however, is a completely different story. Finance is a vast world in itself. It requires planning, a lot of it in order to maintain the finance of a company. What is Limited Liability Partnership (LLP) - A complete guide. What is Limited Liability Partnership (LLP)?
Limited liability partnership is a combination of both partnership and corporation. It has the feature of both these forms. As the name suggest partners have limited liability in the company which means that personal assets of the partners are not used for paying off the debts of the company. Nowadays it has become very popular form of business as many entrepreneurs are opting this. There are a number of partners in the firm and hence they are not liable or responsible for others misconduct. What is forecasting? Forecasting in layman language means to predict. Predict what the future holds for you. Forecasting is done in many fields. One of the most common examples is weather forecasting. But as an Entrepreneur, your real interest should lie in business forecasting. As the name suggests, business forecasting is the prediction you make in relation to your business.
What Haunts An Entrepreneur. Being an Entrepreneur is not at all easy. You have to be a leader but at the same time, you have to listen to many. You have to be strict but you cannot be dominant. You have to be a boss but not in front of your clients. You need to know everything about your company, from the working to the manufacturing to the finance and legalities. Types of business which are prone to cash flow problems. Managing a company’s cash flow is a very big challenge. There are many factors you need to keep in mind while managing the cash flow. Any kind of loan, purchase, deal, strategy affects the cash flow in one way or the other. Types of Business Structures. There are various kinds of business structures prevailing in India.
Choosing a business structure is one of the most important decisions taken by entrepreneurs. A business can’t be successful only with a great idea and investment. A successful business also depends on the type of structure they are using. Type of Directors. Types of Directors-Companies act 2013 According to “Section 2(34) of Companies Act 2013 ” a director is appointed to the Board of a Company.
There are many types of directors which have a different role to play accordingly. Residential Director: – According to Section 149(3) of Companies Act,2013, Every company should appoint a director who has stayed in India for a total Period of not less than 182 days in the previous calendar year.Independent Director: – According to Section 149(6) an independent director is an alternate director other than a Managing Director which is known as Whole Time Director Or Nominee Director.
Trademark vs.Copyright vs.Patent. The accounting terms you need to know. Documents required. Taxation of stipend income. Documents required.