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? Online filing of tax return is generally easy and it can however be done by most of the assessees. Also , In a welcome move, CBDT had announced that a taxpayer, who furnishes his/her Aadhar Id number while e-filing Income Tax Return (ITR), is now however exempted from submitting the physical copy of its ITR V form. 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. Exemptions pave the way to farmers who don’t transport their produce by themselves to the distributor, seller or retailer and to households who produce only for themselves.
The application starts with your eligibility, depending on the installed capacity in case of a manufacturer, turnover in case of another kind of premises you may be eligible for central licensing, state licensing, registration and railway. Depending on the eligibility one may start the application procedure for registration and state licensing. FSSAI issues three types of license based on nature of food business and turnover:
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. 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. 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. 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. 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. It is a separate legal entity distinct from its owners. Advantages Easy to form- Forming an LLP is an easy process. Disadvantages. 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. 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. There are several business structures prevailing in India, some of them are; sole proprietor, partnership firm, one person company, private limited company, public limited company. These are explained in the article mentioned below along with their features, merits, and demerits. Sole proprietorship. 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. There are three types of intellectual property namely Trademark, copyright, and Patent.
The accounting terms you need to know. Documents required. For TAN registration no particular document or proof of identity is required. For obtaining TAN, Form 49 B needs to be filled and submitted. The process for registration is stated below- You can fill and submit the form 49 B online or send a completed Form 49 B to any TIN Facilitation Centre of NSDL. Some important points while applying for TAN: Applicants, if they want to, can track a status of their TAN using the 14-digit acknowledgement number on the site whenever necessary.The tan number is given by Income Tax Department to all those people who apply online.The application cannot be made online. Share This Story, Choose Your Platform! Taxation of stipend income.
Documents required.