Relief package of Rs.1.7 lakh Crore announced by the Finance Minister to fight Coronavirus Our central government has taken many initiatives to fight the pandemic named COVID-19. On 26th March 2020 [...]
What is Corporate Social Responsibility (CSR)? Corporate social responsibility means managing of business processes by fulfilling its social responsibilities to provide positive impact on the society [...]
What is E-Invoicing? E-invoicing is a new system started by the GST department of central government for electronic authentication of B2B invoices through GST network. Under this new electronic [...]
Every food business operator (FBO) involved in handling, processing, manufacturing, packaging, storing and distribution of any food item must adhere to the food safety and standards regulations of [...]
What is ITR 7 Form? Individuals and companies earning income from properties and using it for charitable or religious purposes need to file form ITR 7 while filing income tax return. It is filled by [...]
All Food Business Operators (FBO) in India such as food storage units, Manufacturers, retailers, transporters, distributors, marketers, and petty food retailers need to get an FSSAI Food License [...]
What is ITR 6 Form? It is mandatory for every company to file income tax return in ITR 6 form except the companies already claiming exemption under Section-11 of the income tax act, 1961. Companies [...]
Budget 2020 The union budget is presented by Finance Minister Nirmala Sitharaman on February 1, 2020 . This is the first full year budget after the people selected PM Modi’s BJP party again in the [...]
What is ITR 3 Form? Individuals or HUF’s (must be partners in a firm) earning income from a business or profession in the form of profits & gains are eligible to file ITR 3. It is mandatory for a [...]
Section 80C Section 80C of the income tax act came into effect from 1st April 2016 and is applicable on individuals and HUF’s only. Under section 80C of the income tax act, any individual or HUF is [...]
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