learn

A contract is an exceptionally important concept in the trade and commerce of any nation. It is a legal agreement between two or more parties mentioning certain obligations which apply to both of them during the contract. It helps improve the Gross domestic product (GDP) and overall growth of a country. Breach of contract means […]

The Government of India levies a Customs Duty on all the imports within and some of the exports from the country. The amount to be paid as customs duty can be determined by several factors such as value, weight, dimensions, etc.‘Customs Duty’ refers to the tax imposed on the goods when they are transported across

The shift from traditional partnerships to Limited Liability Partnerships (LLPs) has increased in recent years. The reason behind this is that LLPs offer more flexibility, unlimited partners and the like. But the real driving force behind the shift is due to the fact that LLPs offer a major advantage in terms of limited liability. The

Ordinarily it takes about 4 to 5 weeks for the refund to be deposited into your account. If not, then make sure you have checked your emails for any intimation received from the Income Tax Department or a Refund Banker (SBI) that the processing of your income tax refund An income tax refund is sanctioned when a taxpayer

EPF is an ideal retirement fund in which both the employer and the employee contribute an amount equal to 12% each of the employee’s salary (basic and dearness allowance) to the EPF, at fixed equal intervals. However, only the employers that are registered and their employees can contribute to this fund. The interest received on the

The gender category of the applicant should either be male or female. For this very reason, transgender across the country could not enroll in schools, get a job, or apply for government-issued identity proof documents. To end this issue, the Government of India announced that going forward, transgenders can apply for Pan Card and perform tax-related transactions

A Transport ID is a unique identification number used to track and manage transportation-related details in various systems—especially in logistics, government portals (like GST or e-way bill systems), and transport management systems. What is Transport ID? TRANSIN or Transporter ID is a 15 digit unique number generated by the EWB system for transporters who have

Varisu certificate is the legal document needed by the surviving members to establish their claim over the late family member’s properties or dues. Varisu certificate or legal heir certificate (in English) includes the name(s) of the legal heir(s) of the deceased and their relationship with the deceased. Thus, it helps in determining the appropriate successor.

Trademarks in India are registered under the Trademarks Act,1999 (“Act”). The Trademarks Rules, 2017 (“Rules”) lays down the procedures and rules relating to trademarks. A proprietor (trademark owner) can get his trademark registered under the Act. The registration is valid for ten years. If the registration is not renewed, it gets expired. The proprietor can

Company incorporated in India and doing business here will have to get a PAN card mandatorily. Any form of business generating income in India will also be required to get a PAN. The Permanent Account Number (PAN) is to be quoted during all the company’s financial transactions, as well as in invoices and other registrations. What