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Is Agricultural Income Exempted from Income Tax

Agriculture is one of the primary professions in India. Even today, 50% of India's workforce is engaged in agricultural activities and supporting the country's overall GDP.  However, like the other sectors, agriculture has challenges, especially...

Yash Mishra
22 Nov, 2022

3 Golden Rules of Accounting

3 Golden Rules of Accounting

Accounting is necessary for business transactions, including providing financial information to shareholders. Accounting determines the financial stability of an individual, firm, or company. So, providing correct and accurate information is essential to reflect a clear...

Yash Mishra
19 Nov, 2022

How Do You Register Your Gumasta Licence Online?

How Do You Register Your Gumasta Licence Online?

It requires some specific licence and certificates for running a business in India as valid proof that you have completed all procedures according to the requirements of central and state laws. One such licence is...

Yash Mishra
16 Nov, 2022

What is a Cancelled Cheque in India

What is a Cancelled Cheque in India

A cheque is one of the most widely used traditional banking instruments in India. Though, due to the advancement of technology, it is easy to complete transactions in moments with a few clicks. Still, people...

Legal251
19 Sep, 2022

Step By Step Guide To PF Withdrawal Online Process

Step By Step Guide To PF Withdrawal Online Process

As per the rules of the Employees’ Provident Fund (EPF), also known as the Provident Fund (PF), employees contribute their 12% basic pay every month to their EPF fund. This amount earns interest on a...

Legal251
19 Sep, 2022

What are the Steps Involved in GST Registration Process

What are the Steps Involved in GST Registration Process

GST registration applies to every individual and establishment that supply goods and services in India. GST registration is compulsory when the turnover exceeds Rs 40 lakhs and Rs 20 lakhs for goods and services. The...

Legal251
29 Jul, 2022

What are the Pros & Cons of Prenuptial Agreement

What are the Pros & Cons of Prenuptial Agreement

Prenuptial Agreement is still uncommon in India, but it is for real. No one knows what the future holds for them, so it's better to be future-ready for anything. In India, marriages are considered sacred...

Legal251
29 Jul, 2022

How to Transfer Ownership of a Trademark

How to Transfer Ownership of a Trademark 

Same as a physical property, i.e., land, Trademark is intellectual property. Just like the land owner has the right to sell or transfer their property. Similarly, a trademark owner can also sell or transfer their...

Legal251
29 Jul, 2022

Rectify Mistakes ITR

How to Rectify Mistakes If ITR is Filed

Everyone tries to carefully file for Income Tax Return (ITR) without making a mistake. However, most people file for ITR in the very last moments, which may lead to unwanted errors, including incorrect bank account...

Legal251
29 Jul, 2022

How to Login to the GST Portal

How to Login to the GST Portal

After attaining the GST registration, you need to make a new ID as your first step. On your email ID, you will receive the Provisional ID (GSTIN) and a password for logging in for the...

Legal251
29 Jul, 2022

How To Apply For Gumasta Licence MP?

How To Apply For Gumasta Licence MP?

Gumasta License is a mandatory registration for opening any shop. The Municipal Corporation of the State governs it under the Shops and Establishment Act. It is a certificate that provides you with authority to do...

Legal251
12 Apr, 2022
170




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How To Apply For Gumasta Licence MP?

Gumasta License is a mandatory registration for opening any shop. The Municipal Corporation of the State governs it under the Shops and Establishment Act. It is a certificate that provides you with authority to do your business at a particular place. This license is an essential requirement for any company recognized by the Government or Bank. You can get Gumasta Licence Indore, Gumasta Licence. Every business needs this license, whether a single person or a big organization. It is required to open a current account or obtain any loan from...

170
Legal251
12 Apr, 2022

What is Shop & Establishment Act or Gumasta License, and Who is Applicable for it

With a Shop & Establishment Registration certificate, a business gets the right to conduct work in a particular state. Also, this certificate helps in opening a business bank account. This certificate enables you to complete the state government inspections on your license so that you can run your business uninterrupted. What is Gumasta License? In India, the Department of Labor controls the Shop and Establishment Act. It is used to regulate the premises where any business, trade, or profession is established, and the exceptions to the Act differ between states....

Legal251
29 Jul, 2022

What is Section 8 Company, and is GST Registration Required for It

From the time Goods & Service Tax (GST) came into effect, it started impacting the Section 8 Companies just like any other companies. Let's understand what a Section 8 Company is and if GST Registration is required in this blog. What is Section 8 Company? When a company is registered as a Nonprofit Organization (NPO) to promote charity, arts, commerce, protection of the environment, education, sports, research, science, religion, social welfare, and intends to use its profit (if there's any) or other income for promoting these objectives, is it known...

Legal251
29 Jul, 2022

How to Transfer Ownership of a Trademark 

Same as a physical property, i.e., land, Trademark is intellectual property. Just like the land owner has the right to sell or transfer their property. Similarly, a trademark owner can also sell or transfer their trademark. Every trademark owner can sell or transfer their trademark either by trademark licensing or trademark assignment, governed under the Trademark Act, 1999. Read the full blog to know how a trademark owner can transfer ownership to another person through the trademark assignment process. Meaning of Trademark Assignment Trademark assignment is a method to transfer...

Legal251
29 Jul, 2022

How to Login to the GST Portal

After attaining the GST registration, you need to make a new ID as your first step. On your email ID, you will receive the Provisional ID (GSTIN) and a password for logging in for the first time.  In this blog, we have included the required details about logging in to the GST portal, but before that, let's understand what GST Portal India is. GST Portal India Guide The Indian government has launched a GST portal allowing taxpayers to complete the tax processes online. The platform enables tackling everything related to...

Legal251
29 Jul, 2022

What are the Steps Involved in GST Registration Process

GST registration applies to every individual and establishment that supply goods and services in India. GST registration is compulsory when the turnover exceeds Rs 40 lakhs and Rs 20 lakhs for goods and services. The Ministry of Finance (MoF) has made the GST registration process easy to make the tax filing process smooth for everyone. Let’s understand more about GST registration and the steps involved in the GST Registration Process. What is GST Registration GST Registration is the process a taxpayer follows to get registered under the Goods and Service...

Legal251
29 Jul, 2022

What are the Pros & Cons of Prenuptial Agreement

Prenuptial Agreement is still uncommon in India, but it is for real. No one knows what the future holds for them, so it's better to be future-ready for anything. In India, marriages are considered sacred and special. Still, there are always chances of uncertainty, and here the prenup agreement comes in. Usually, according to this contract, both parties share their property, money, assets, and other things they receive if their marriage ends. This blog covers all the critical aspects of a prenuptial agreement and how it affects people. What is...

Legal251
29 Jul, 2022

How to Rectify Mistakes If ITR is Filed

Everyone tries to carefully file for Income Tax Return (ITR) without making a mistake. However, most people file for ITR in the very last moments, which may lead to unwanted errors, including incorrect bank account details, missing interest income, claiming the wrong deduction, and more. But don't worry. If you have made a mistake (s), the present income tax laws allow you to make corrections. Once you discover your error after filing the income tax return, you can rectify mistakes as follows under current tax laws. The taxpayers can fix...

Legal251
29 Jul, 2022

What is a Cancelled Cheque in India

A cheque is one of the most widely used traditional banking instruments in India. Though, due to the advancement of technology, it is easy to complete transactions in moments with a few clicks. Still, people who find internet techniques for transactions inconvenient use cheques broadly. You can use a cancelled cheque as proof that you have ownership of a bank account. Continue reading the full blog to know why a cancelled cheque is required, and how to write a cancelled cheque in India. What is a Cancelled Cheque? A cancelled...

Legal251
19 Sep, 2022

Step By Step Guide To PF Withdrawal Online Process

As per the rules of the Employees’ Provident Fund (EPF), also known as the Provident Fund (PF), employees contribute their 12% basic pay every month to their EPF fund. This amount earns interest on a yearly basis. So, if you are facing an emergency and are in desperate need of a certain amount of money, you can apply for a PF withdrawal online with some simple and easy steps. Read the entire blog carefully to understand the PF withdrawal online process and don't skip a single step for a successful...

Legal251
19 Sep, 2022

3 Golden Rules of Accounting

Accounting is necessary for business transactions, including providing financial information to shareholders. Accounting determines the financial stability of an individual, firm, or company. So, providing correct and accurate information is essential to reflect a clear picture of your financial aspects. Therefore, you must know and understand the three golden rules of accounting for uniformity in all your accounting and bookkeeping entries. This blog will explain the three basic accounting rules that everyone must know. But before going further, first, understand what Accounting is. What is Accounting? Accounting for a business...

Yash Mishra
19 Nov, 2022

How Do You Register Your Gumasta Licence Online?

It requires some specific licence and certificates for running a business in India as valid proof that you have completed all procedures according to the requirements of central and state laws. One such licence is the Gumasta Licence by the Shop and Establishment Act of India.  If you are a resident of Madhya Pradesh and want to be your own boss by running your own business, but need guidance in applying for your Gumasta Licence online, then this blog is for you. Read the full blog to get the complete...

Yash Mishra
16 Nov, 2022

Is Agricultural Income Exempted from Income Tax

Agriculture is one of the primary professions in India. Even today, 50% of India's workforce is engaged in agricultural activities and supporting the country's overall GDP.  However, like the other sectors, agriculture has challenges, especially regarding agricultural income and taxation. Therefore, the Government of India is making it easy with several schemes like tax exemption so that the people who depend on agricultural income can prosper. Read the full blog to comprehend tax exemption for agricultural income. What Do You Mean By Agricultural Income In India Here, in India, every...

Yash Mishra
22 Nov, 2022

The Complete Guide to GST Interest Calculator Online for Indian Businesses

Until some time ago, most people complained about the tiring and exhaustive procedure of GST calculation or computation of gst liability. But, days are gone when you have to calculate GST using physical calculators and excel sheets and get GST reverse calculation in excel sheets. Now, you can calculate GST using your fingertips in the blink of an eye with our online GST calculator.  Also, using our online GST calculator, you don’t need any particular skill for gst calculation. Just enter the required values, and there you go. Want to...

Yash Mishra
25 Nov, 2022




 MORE


How To Apply For Gumasta Licence MP?

Gumasta License is a mandatory registration for opening any shop. The Municipal Corporation of the State governs it under the Shops and Establishment Act. It is a certificate that provides you with authority to do your business at a particular place. This license is an essential requirement for any company recognized by the Government or Bank. You can get Gumasta Licence Indore, Gumasta Licence. Every business needs this license, whether a single person or a big organization. It is required to open a current account or obtain any loan from...

170
Legal251
12 Apr, 2022
How To Apply For Gumasta Licence MP?

How to Login to the GST Portal

After attaining the GST registration, you need to make a new ID as your first step. On your email ID, you will receive the Provisional ID (GSTIN) and a password for logging in for the first time.  In this blog, we have included the required details about logging in to the GST portal, but before that, let's understand what GST Portal India is. GST Portal India Guide The Indian government has launched a GST portal allowing taxpayers to complete the tax processes online. The platform enables tackling everything related to...

Legal251
29 Jul, 2022
How to Login to the GST Portal

How to Rectify Mistakes If ITR is Filed

Everyone tries to carefully file for Income Tax Return (ITR) without making a mistake. However, most people file for ITR in the very last moments, which may lead to unwanted errors, including incorrect bank account details, missing interest income, claiming the wrong deduction, and more. But don't worry. If you have made a mistake (s), the present income tax laws allow you to make corrections. Once you discover your error after filing the income tax return, you can rectify mistakes as follows under current tax laws. The taxpayers can fix...

Legal251
29 Jul, 2022
Rectify Mistakes ITR

How to Transfer Ownership of a Trademark 

Same as a physical property, i.e., land, Trademark is intellectual property. Just like the land owner has the right to sell or transfer their property. Similarly, a trademark owner can also sell or transfer their trademark. Every trademark owner can sell or transfer their trademark either by trademark licensing or trademark assignment, governed under the Trademark Act, 1999. Read the full blog to know how a trademark owner can transfer ownership to another person through the trademark assignment process. Meaning of Trademark Assignment Trademark assignment is a method to transfer...

Legal251
29 Jul, 2022
How to Transfer Ownership of a Trademark

What are the Pros & Cons of Prenuptial Agreement

Prenuptial Agreement is still uncommon in India, but it is for real. No one knows what the future holds for them, so it's better to be future-ready for anything. In India, marriages are considered sacred and special. Still, there are always chances of uncertainty, and here the prenup agreement comes in. Usually, according to this contract, both parties share their property, money, assets, and other things they receive if their marriage ends. This blog covers all the critical aspects of a prenuptial agreement and how it affects people. What is...

Legal251
29 Jul, 2022
What are the Pros & Cons of Prenuptial Agreement

What are the Steps Involved in GST Registration Process

GST registration applies to every individual and establishment that supply goods and services in India. GST registration is compulsory when the turnover exceeds Rs 40 lakhs and Rs 20 lakhs for goods and services. The Ministry of Finance (MoF) has made the GST registration process easy to make the tax filing process smooth for everyone. Let’s understand more about GST registration and the steps involved in the GST Registration Process. What is GST Registration GST Registration is the process a taxpayer follows to get registered under the Goods and Service...

Legal251
29 Jul, 2022
What are the Steps Involved in GST Registration Process