Trade Mark
Trademarks are special unique signs that are used to identify goods or services from a certain company. They can be designs, pictures, signs or even expressions. It is important because it differentiates your products from the competitions. It can be associated with your brand or product. Trademarks are classified as intellectual property and therefore is protected from infringement. Trademarks and its […]
Remission of Duties and Taxes on ExportedProducts (RoDTEP) Scheme
RoDTEP full form is Remission of Duties and Taxes on Exported Products. It was announced in 2019 and launched on 1st January 2021 by the Ministry of Commerce and Industry. Under this scheme, the exports will get the refund of embedded central, state, and local duties or taxes that were not rebated or refunded yet. […]
Tamilnadu Property Registration – Charges and Procedure
There are certain legal documents that indicate the ownership of the property distinctly, and they can be obtained by paying the stamp duty and registration charges on the property in Chennai. Simply put, stamp duty is a property tax of sorts, which is to be paid in full by the buyer in the specified time. It is like the Advance […]
GST
GST stands for Goods and Services Tax. It is an indirect tax set on the supply of goods and services. Goods and Services Tax (GST) is an improved system over the previous Value Added Tax (VAT) in India. It applies a single tax rate on both goods and services. Unlike VAT, GST is a multi-stage, […]
Increasing Paid up Share Capital of the Company
Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors, usually through an initial public offering (IPO). When shares are bought and sold among investors on the secondary market, no additional paid-up […]
Section 80C Deduction
Section 80C of the Income Tax Act allows for certain expenditures and investments to be exempt from income tax. If you plan your investments across different financial assets such as PPF, NSC, ELSS, etc., you can claim deductions of up to Rs.1.5 lakh under Section 80C, thereby lowering your tax liability. Section 80C of the Income Tax Act […]
Advance Tax
Advance tax is the income tax which is paid by the taxpayer in advance instead of making a lump sum payment at the end of the financial year. It is basically the tax which you pay as you earn. The taxpayer has to pay the amount in instalments as per the due date given by […]
Pradhan Mantri Gram Parivahan Yojana
The Pradhan Mantri Gram Parivahan Yojana (PMGPY) is a government of India-backed credit-linked subsidy scheme aimed at enhancing rural transportation and providing last-mile connectivity in remote areas. The scheme provides beneficiaries with a subsidy amounting to 15% to 35% to facilitate the procurement of vehicles for rural transportation. The scheme was launched to improve transportation […]
Rooftop Solar Scheme
The Finance Minister, Nirmala Sitharaman, announced the launch of the ‘Rooftop Solar Scheme’ or the ‘PM Surya Ghar Muft Bijli Yojana’ in the Interim Budget 2024-25. In the full Budget 2024-25, the Finance Minister reiterated that this scheme will enable 1 crore households to obtain free electricity up to 300 units every month. This article covers everything about the […]
Form 26
Tax Credit Statement or Form 26AS is an important document for tax filing. Gone are the days when one has to download Form 26AS to file IT returns manually. The scope of the statement has now been expanded to include details of foreign remittances, mutual funds purchases, dividends, refund details, etc. Form 26AS gives a consolidated […]