Introduction The Income tax calculator is an easy-to-use excel sheet tool that helps you estimate your taxes based on your income after the Union Budget is presented. We have updated our tool in line with the income tax changes proposed in the Union Budget 2020-21. Income Tax Slab You will be required to pay a […]
Category Archives: Business
What is a co-operative society ?
Introduction A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. A co-operative society is another means for forming a legal entity to conduct business besides forming a company. It pools together human resources in the spirit […]
Legal & Allied Services
Legal & Allied Services The Indian Lawyer & Allied Services consists of Lawyers, Solicitors, Chartered Accountants, Business Management Consultants, Taxation Advisers and Risk Management Consultants, who are professionals with a high level of commitment and integrity. They support their client for the services. All businesses must have contracts in place for every deal they enter […]
Registration & Licenses
Registration & Licenses All businesses need one government registration or another, while nearly all require multiple registrations. For example, even air-conditioned restaurants need both service tax registration and VAT registration, depending on turnover and location, in addition to a Shops & Establishment License. Indirect taxes are those that are collected from customers by suppliers on […]
What is a startup
Definition of a startup Start-up means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding Rs.25 crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not […]
What do you mean by Board of Directors
A board of directors is a group of people who jointly supervise the activities of an organization, which can be either for a profit business, nonprofit organization, or a government agency. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. A board of directors is a team […]
What is Cottage Industry?
Industry A business or manufacturing activity carried on at people homes is called cottage industry. Cottage Industry shops allocated at Connaught place, New Delhi are the example of it. It was originally referred to home workers who were engaged in a work such as sewing, lace-making, wall hangings, electronics, or household manufacturing. It includes many […]
Gramin Bhandaran Yojana
Introduction Gramin Bhandaran Yojana is a capital investment subsidy scheme that works towards the construction and renovation of the warehouse in rural areas. Gramin Bhandaran Yojana was announced in 2001. Purpose The Gramin Bhandaran Yojana foresees a robust network of non-urban warehouses to help build adequate storage for farm produce in rural areas. The purpose […]
What is NABARD?
Introduction NABARD can be expanded as National Bank for Agriculture and Rural Development. This was set up on 12 July 1982 on the recommendations of the B. Sivaraman committee with regards to the implementation of the National Bank for Agriculture and Rural Development Act 1981 and it has been the top Development Financial Institution in […]
Loans and subsidies for warehouse in India
Subsidies are provided by NABARD under Gramin Bhandaran Yojana Scheme to the farmers on submission of the project file which requires the construction of these agricultural warehouses are taken up by the individuals as below: Farmers Farmers’ groups Proprietary firms Co-operatives Non-Governmental Organizations Marketing Boards Agro-processing co-operative societies Agro-processing corporations Agro-industrial corporations Agricultural Produce Marketing […]