Professional tax registration is a state-level tax that certain professionals are required to pay for practicing their profession in India. The tax is imposed by the respective state government and the rate and threshold for payment may vary from state to state. The registration process typically involves submitting an application to the local tax authorities […]
GST registration is a process businesses in India need to go through to register themselves under the Goods and Services Tax (GST) system. Registration can be done online through the GST portal, and it is mandatory for businesses whose turnover exceeds a certain threshold. The process involves submitting various documents and details related to the […]
ISO certification is a process by which an independent third-party organization verifies that a company’s management system conforms to the requirements of one or more International Organization for Standardization (ISO) standards. This certification can be used as a way to demonstrate a company’s commitment to quality, environmental sustainability, and other key areas. However, it is […]
IEC (Importer Exporter Code) code registration is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India. It is a unique identifier for businesses engaged in international trade and is mandatory for companies that import or export goods from India. The IEC code is used to track the import and export […]
Closing a private limited company is a multi-step process that involves several legal and regulatory requirements. The steps for closing a private limited company typically include: It’s important to note that the process of closing a private limited company can be complex and time-consuming, and it’s advisable to seek the assistance of a professional, such […]
Income Tax – Latest Updates, Basics, Tax Slabs, Income Tax Department & Laws – Income Tax Guide 2023-24 An income tax is a tax imposed by the government on the income earned by individuals, businesses, and other organizations. The tax is calculated as a percentage of the total income earned, and the rate may vary […]
One-Person Company Registration – OPC Registration Procedure in India A One Person Company (OPC) is a type of business entity in India that allows a single individual to form a private limited company. The individual acts as both the owner and the director of the company and are responsible for making all major business decisions. […]
In India, companies can be registered under the Companies Act, 2013, and the Ministry of Corporate Affairs. The most common forms of companies registered in India are private limited companies and public limited companies. The process of company registration involves several steps including obtaining a Director Identification Number (DIN), obtaining a Digital Signature Certificate (DSC), […]
Trademark registration is the process of obtaining legal protection for a trademark, which is a distinctive symbol, design, or expression that identifies and distinguishes the source of a product or service. By registering a trademark, the owner can prevent others from using a similar mark and can take legal action if necessary to protect their […]
As of my training data (2021), here are some of the common payroll compliance updates for 2023: It is important to check with government agencies and professional payroll service providers for the most up-to-date information on payroll compliance updates. Payroll laws and regulations Payroll laws and regulations encompass a wide range of federal and state […]