Individuals can save money through numerous types of provident fund (PF) accounts. Furthermore, the income tax laws for PF contribution, withdrawal, and PF income differ based on the kind of PF account. Let us look at the different types of Taxability of Interest on Recognised Provident Fund. Table of Contents Provident Funds Different Kinds of…
When a shareholder loses his or her share certificate, the shareholder and the corporation in which he or she owned shares may suffer significant financial losses. Under Section 46 of the Companies Act, 2013, and Rule 6(2) (a) to (c) of the Companies (Share Capital and Debentures) Rules, 2014, duplicate share certificates can be issued…
If the Assessment Officer (AO) discovers cash receipts or cash deposits in the assessee’s bank account and the assessee is unable to satisfactorily explain them to the Assessment Officer, the assessee attempts to explain that such cash deposits or a portion of them are made from withdrawals from the same cash book or bank account…
Tea is indeed one of the traditional beverages in India. India is one of the world’s largest tea users, As a result, the tea industry in India is one of the most profitable. Also as a result of the enormous Indian population, several new brands have been able to enter the Tea market. With the growing…
The Annual General Meeting (AGM) is a crucial governance process for an organization’s members. It can provide transparency, provide updates, and allow members to vote on a variety of topics. The Companies Act of 2013 contains provisions for the compounding of annual general meetings (AGMs). A meeting is defined as “a gathering of people for…
The structure of a Nidhi Company registration in Rajasthan is that of a non-banking financial company. Nidhi Company registration enables a Nidhi to borrow money from its members and then lend it back to them. Nidhi Companies, which are founded in Rajasthan, are established to encourage members to save and deposit. This Company will always…
A tax is a government-imposed contribution to a state’s revenue that is levied on employees’ wages and business profits or added to the cost of certain goods, services, and transactions. Taxation is a mechanism for governments to recoup their costs by levying fees on citizens and businesses. The Internal Revenue Service (IRS) or a state…
Smt. Nirmala Seetharaman, the Finance Minister, presented the second digital union budget 2022-2023 on February 1, 2022. As a result, the proposed GST adjustments were covered by provisions 99 to 123. The Union Budget for 2022 was announced by the Finance Minister in the wake of the highest-ever tax receipts of 1.38 lakh crores from…
Health and fitness awareness has risen dramatically in India and practically everywhere else in the world. In India, the health-drinks industry has exploded in recent years. For nutritional reasons, a considerable portion of the population has increased their consumption of numerous health drinks. FSSAI, on the other hand, ensures that these food and drink items…
Borrowing cash is an important way for a firm to generate finance for large-scale initiatives and corporate expansion. Corporate borrowings are loans received by a firm by putting a charge on its assets as security to the lender. In this article, we will be discussing Charges and Charges under Section 77 to 87 of the…