What is a Shop and Establishment Registration in India? The Shop And Establishment Registration Act of India was implemented to regulate the rights of workers working in the informal sector and their working conditions.
The law requires all commercial establishments such as theaters, restaurants, hotels, cabarets, shops, retail/trade, etc., to apply for a license and registration within 30 days of starting work. The law requires employers to declare the following: Working hoursThe rest period of the employeesOpening and closing hoursHealth and Safety MeasuresOvertime feesNational and religious holidays. Shop And Establishment Registration India. What is a Sole proprietorship registration? What are the merits and demerits of it? Sole Proprietorship Features, Merits And Demerits Sole Proprietorship Features, Merits And Demerits- It is said to be one of the oldest traditional entities in India, and individual ownership is very common.
For example, the grocer, the chemist, etc. are all the only owner. In this topic, we will take a brief look at this type of business, which covers: What is individual property? What are the characteristics of individual property? What is trust registration in India? Trust Registration In India All You Need To Know About It- Trust funds play a major role in the Indian context as an important engine for intergovernmental negotiations.
These funds carry out charitable activities related to public welfare, such as the provision of medical assistance, education, and other basic needs of the disadvantaged, etc. What is confidence? The Indian Trust Act 1882 defines “trust” as an arrangement in which the owner transfers the property to another person (trustee) for the benefit of a third person, called the beneficiary. Trust funds are classified into two branches Public confidence – in such confidence, the audience is the primary beneficiary. What is the Sectors Where FDI Is Permitted in India? What Are The Sectors Where FDI Is Permitted In India- Over the past few years, many changes have been made to FDI.
A few days ago, there was a news report. The government is looking to ease the flow of foreign money into the Indian economy. What is the Shop and Establishment Act Registration Required? Every state has its own shops and establishments Act.
Every shop and establishment registrations is required to register itself under the Shops and Establishment Act in their respective state within 30 days of commencement of work, whether or not it has employees. The Shops and Establishments Act regulates conditions of work, lists the rights of employees in the unorganized sector and provides a list of obligations for every employer. Shops and Establishments registration in India requires a process to be complied with and the organization applying for Shops and Establishments registration must be registered in a particular state where it is located. What is the Tax Deducted at Source (TDS)? Tax Deducted at Source-TDS- Tax Deduction Account Number (TAN) is a one of its kind 10 digit alpha-numeric code allotted by the Income Tax Department to all those persons who are required to deduct tax at the source of income.
It is mandatory to quote TAN on all TDS returns or any TDS reimbursement challan. These applications are digitized by NSDL and forwarded to the Income Tax Department like the PAN applications. The Income Tax Department will issue the TAN, which will be closed to NSDL online. On the foundation of this, NSDL will issue the TAN letter to the applicant. As per Section 203A of the Income Tax Act, 1961, every person who deducts or collects tax at source has to apply for the allotment of TAN.
What are Income Tax Returns? Income Tax returns are required to be filed if the gross total income exceeds the basic exemption limit.
For the year ended 31st March 2019, the basic exemption is Rs. 2.5 lakhs for an ordinary individual, Rs. 3 lakhs for an individual over 60 years and Rs. 5 lakhs for an Individual above 80 years. After collecting all the needed documents and verifying all the taxes that are deducted from the income, the total income chargeable to tax is computed. The word gross total income is not the same as the income on which your tax liability is calculated. Gross total income is the income calculated before any deduction under Sections like 80 C, 80 CCC, 80 CCD, 80D,80DD, 80DDB 80E, 80EE, 80G and 80 GGA, 80U and 80 TTA is availed. In case you are required to file a return as discussed, the due date is July 31. What is Property Title Search? What is a Property Title Search?
In real estate, there are risks associated with property rights in the property. In different words, a property title search is a search of all title records applicable to a selective property to determine if the current title is good. They involve written documents, such as deeds and mortgages, tax, probate records, and marriage and any other document that may influence the title of a property. Transfer of Shares between Resident and Non-Resident (Private Limited Companies) Transfer Of Shares Between Resident And Non-Resident (from India) involves paying the mind (buyer to seller) and executing the transfer of shares.
The bond shall be duly stamped at 0.25% of the study amount. When the transaction is between a resident and a non-resident, there are regulations regarding internal and external transfer of funds, stock valuation, and submission of the FC-TRS form on the company’s electronic portal. Reserve Bank of India (RBI) through Federal Notice No. 20 (R) / 2017-RB dated 07 November 2017, the Foreign Exchange Administration (Transfer or Security issuance by a resident outside India) has made regulations, 2017 to regulate investment in India by person Resident outside India. The FC-TRS Form for the Transfer of Capital Sukuk (Shares, Fully Convertible and Mandatory Securities) must be submitted to an Indian Company in the following cases: Who is the FC-TRS form file? (Regulation and Development) Act, 2016. How to file a complaint under RERA How to file a complaint under RERA-Making a complaint under the real estate framework against the wrong developers is now convenient and simple.
Complainants are required to pay an amount to the relevant state authority to register a complaint under the law. The understanding is a step-by-step guide on how to make a complaint within the real estate company. According to the Rera (Regulation and Development) Act, complaints can be registered under article 31 of the Act. What is the trade mark registration? Describes the Trademark Registration Process, Benefits. Trade mark Registration Trade mark Registration- A trademark is a distinctive mark or sign identifying business and is used to differentiate a company from another and establish its reputation among consumers. If one does not register his trademark, brand name, logo, punchline, etc., then an imitator can not be prevented from confusing the public by using the same or similarly misleading name or symbol, which can result in long-term financial and economic damage for the company. We always advise our customers to recognize all IP rights in the form of a trademark and to register each trademark, brand name, label, product name, logo, punchline, and domain name as the trademark in India for an efficient remedy in the event of any other person being misused.
Logo / Trademark Registration in Delhi NCR (Gurgaon, Noida & Ghaziabad), Mumbai, Banglore, Uttar Pradesh, Haryana, Punjab, Rajasthan, and Madhya Pradesh Let’s secure your brand @ just Rs. 1499 (filling charges). What is the process of foreign non-resident GST Registration? GST Registration for Foreigners- The word “Non-resident taxable person” has been defined under the Goods and Services Tax Act 2017, as an individual who occasionally do any transactions involving any supply of goods or services, or both, whether as a principal or as an agent and that person do not have any fixed any fixed place in India. SECTION 24 OF GST ACT- Compulsory registrations in certain cases Here is the list of person who is compulsory required to get them registered under the Act: (i) persons making any inter-State taxable supply; What is the GST LUT Filing? What are the documents required and Benefits? GST LUT FILING- It is mandatory for all registered taxpayers (who had exported goods or services) to file a Letter of Undertaking (LUT) only in form GST RFD-11 on the portal of GST to make the exports without payment of integrated goods and services tax (IGST).
In vice versa case that is without the filing of the aforesaid form, the goods or services can be exported however in that case the payment of IGST has to be made thereafter you can claim the refund of IGST. The first one is better mode then the later one this is due to the reason that the later step involves blockage of the fund and unnecessary departmental proceeding. Exports without tax payment. What are the documents required for GST registration in India? GST Registration or Goods or Services Tax is a consumption-based tax, it is an indirect tax which levied on sale, manufacturing, consumption, import, and export of Goods or Services. The Act made effective with the view to remove cascading of taxes which were there in India.
There were a number of taxes which were imposed on the goods or services and the input of different taxes paid by the taxpayer was not available to him in different stages due to which the price of the goods as well service increased when ultimately consumed by the consumer. What are the documents required in filing an ITR-7 Form? ITR-7 Form Filing- The Income Tax Department has notified various ITR forms for different Taxpayers who are based on the source of income of different taxpayers.
This is done in order to create a simple tax structure in our country. Based on the source of income, a taxpayer chooses ITR form and file his/her return. The return is required to be filed every year subsequent to the year of income. Now the details of PAN and Aadhaar card is mandatorily required to be furnished with the department while filing the ITR return. There are various forms like ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 which is required to be filed by the different taxpayer.
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