ESIC Payment Challan Employers use the ESIC payment challan to deposit their ESIC contributions with the designated bank. It serves as proof of payment and contains essential details such as the employer’s name, address, ESIC code, the amount to be deposited, and the period for which the payment is being made on ESIC portal. … Read More »
No Statutory Dues Certificate Introduction A No Statutory Dues Certificate is an essential document that certifies that an individual, business, or organization has cleared all statutory dues owed to the government or any other statutory body. It acts as proof of compliance with tax, legal, and regulatory obligations, ensuring that there are no outstanding… Read More »
Introduction A No Statutory Dues Certificate (NSDC) is an official document issued by a regulatory authority confirming that an entity has no outstanding statutory dues, such as taxes, levies, or government fees. This certificate is often required in business transactions, mergers, property deals, and compliance checks to verify financial and regulatory credibility. Understanding its significance,… Read More »
Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »
ITR Filing is Mandatory Income tax return (ITR) filing is mandatory in several situations in India. Here are ten common scenarios where individuals are required to file their ITR: ITR filing is mandatory in 10 situations: 1. Income above Basic Exemption Limit: If your total income before claiming any deductions exceeds the basic exemption… Read More »
Income Tax filing The requirement to file an ITR depends on various factors, including the individual’s income level, residential status, and specific conditions outlined in the Income Tax Act, 1961. 1.Income Threshold: Individuals with a total income exceeding the prescribed threshold are generally require to file an ITR. The income threshold varies based on… Read More »
Business License Management Business license management refers to the process of obtaining, renewing, and maintaining the necessary licenses and permits required for operating a business. Effective license management ensures compliance with local, state, and federal regulations, mitigates legal and financial risks, and helps businesses operate legally and smoothly. Here are some key aspects of… Read More »
Registration vs license Business registration and a business license are two separate processes that are often required for operating a legal business. Here’s the difference between the two: Business Registration: Business registration is the process of officially establishing a business entity with the relevant government authorities. It involves providing information about the business, its owners,… Read More »
TDS Return compliance Compliance with TDS (Tax Deducted at Source) return filing is crucial for businesses or individuals who have deducted TDS and are required to report and remit the deducted amounts to the tax authorities. The specific compliance requirements may vary depending on the country and its tax laws. Here are some common aspects… Read More »
GST Compliance Requirements What are the Requirements of GST Compliance? Introduction The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in many countries, including India. It was introduced to create a unified tax system, eliminating multiple indirect taxes. However, businesses must adhere to various GST… Read More »
