India is taking on social responsibility more than ever since the government issued a new directive in January 2021 highlighting the key theme that Corporate Social Responsibility (CSR) is mandatory and a legal requirement. Section 135 of the Companies Act made it mandatory in 2014 for all companies with net assets of  Rs 50 billion…

The concept of GST been on face for goods and service taxes since 2017 which is a new concept with new tax structure designed and are applicable on consumable goods and services. The collections of GST are based on the territory which further classified as CGST, SGST and IGST.  With varying GST payment there are…

How do you save taxes through mutual fund investment? For individual investors, there are plenty of answers but can companies save taxes? Corporates, businesses, companies, did you know? You can save on taxes and generate higher returns on your investment. This means that, if you are investing in financial instruments such as mutual funds, you…

The company is a separate legal entity and it is recognized with the legal name from which they can operate its business and can create an identity in the marketplace. The name of the company is defined under Section 4 of the companies Act, 2013 under Name Clause of Memorandum of Association of the Company….

The rebate under section 87A is one of the several tax provisions that help taxpayers decrease their tax liability.  This section is inserted to provide relief to individual taxpayers. You can apply for an income tax rebate under section 87A if your gross income does not exceed Rs 5 lakh per financial year. This article…

The Ministry of Corporate affairs (MCA) have also undertaken the process of KYC which means “Know your customer” of DIN holders as like all banks and financial institutions know their client’s identity by verifying their personal details like Mobile number, E-mail Id, PAN, Passport. In the process of DIR-3 KYC the details of Directors having…

The Board of Directors and supervisory group ought to concede to a rundown of key choices that require Board assent. Choices like an endorsement of spending plans, capital raising, enormous capital consumption things, dispatch of new product offerings, and recruiting of senior administration and remuneration arrangements are instances of such choices. The objective is to…

There is a comprehensive list of product certificates and the actions with which the food business operators must comply. Food laws are one of the most widely enforced laws in the country. As per the food qualities, the food products are certified. The latest standards regarding food products are FSSAI and AGMARK. They ensure that…

By keeping in the view of development in trading, commerce and industry globally, the need for trademark emerged to keep the emerging flow of trade intact and to simplify trademark managing system. Accordingly a trademark bill was passed in 1999 to comply and harmonize the globalisation of trade and industry, to encourage investment flow, transfer…

Corporate sector is supposed to follow various laws applicable on them. It includes corporate laws as well as taxation laws. GST Act and Companies Act, 2013 both laws are applicable on companies. In this article we will discuss the topic of GST on CSR Expenses, where we need to understand the impact of the provisions…

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