Tax Deduction and Collection Account Number Tax Deduction and Collection Account Number is a 10 digit- alphanumeric-number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, the number is required to be mentioned on TDS returns under Section 203A of Income...
Continue readingPartnership Firm Registration
About: The registration can be obtained for any association of people who join together for a business purpose and to share the profits. all partnership firms are regulated by the Indian Partnership Act, 1932, as under all the firms must be registered. Advantages of Registering Partnership Firm Simply start: It can be registered compared...
Continue readingHow to Register in MSME?
What is MSME Registration? Micro, Small, and Medium Enterprises(MSME) are businesses that are defined based on their investments. They are classified into two categories Manufacturing Enterprises and Service Enterprises. For Manufacturing Enterprises, they are defined in terms of investments in plant and machinery. Micro-enterprises are the entities whose investment is less than Rs. 25 lakhs. Small-enterprises...
Continue readingGST REGISTRATION
About Every supplier shall be liable to be registered under this Act in the State or UT or any other special States, from where he makes a taxable supply of goods or services or both- If his aggregate turnover in a financial year exceeds 40 lakh rupees and 20 lakhs for special states. Where...
Continue readingFSSAI REGISTRATION
About FSSAI: FSSAI stands for Food Safety and Standard Authority of India is the supreme authority which governs the food business in India. It ensures the food product undergoes the standardized quality checks to ensure that no sale of sub-standard products. It is the main authority who is taking care of registering and licensing...
Continue readingWhat is PAN Card?
Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by the Income Tax Department. Each assessee (e.g. individual, firm, company, etc.) is issued a unique PAN. A PAN is a unique identifier issued to all judicial entities identifiable under the INCOME TAX ACT 1961. The income tax PAN and its linked card are issued...
Continue readingWhat is the Import Export Code (IEC) & How to get Import Export Code?
Import Export Code (IEC) Import Export Code (IEC) is a 10 digit identification number which is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also called the Importer Exporter Code. It is compulsory to obtain this code by companies and businesses that are starting a...
Continue readingWhat is 80G Registration & How to Register?
80G Registration About 80G: 80G is a section that comes under Income Tax Act which allows certain contributions or donations made to Charitable Trust, Non-Profit Organizations (NGOs), Section 8 companies, or organizations that are registered are eligible for tax exemptions. This deduction can be claimed by any taxpayer like individuals, companies, firms, or any...
Continue readingWhat is 12A Registration & How to register?
12A Registration About: When you have a source of income and it exceeds a specific amount, then you have to pay income tax on it to the government. But under Income Tax there is section 12A which allows NGOs (Non-Government Organizations), Trust and Section 8 companies to get exempted from paying income tax on...
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