PROCESS OF TRADEMARK APPLICATION What is a Trademark? A trademark can be thought of a name, a phrase, a logo, or even a sound that uniquely identifies your brand and distinguishes it from your competitor’s. A trademark can be for both product and/or service. Once a trademark is registered, no third party can use the […]
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Concept of Angel Taxation under IT Act 1961 The term “angel” came from the Broadway theatre, when wealthy individuals gave money to propel theatrical productions. The term “angel investor” was first used by the University of New Hampshire’s William Wetzel, founder of the Centre for Venture Research. Wetzel completed a study on how entrepreneurs gathered
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TAXATION ON VIRTUAL DIGITAL ASSETS UNDER SECTION 115BBH What is Virtual Digital Asset? As per Section 2(47A) Virtual Digital Assets proposed to be inserted vide new clause 47A to the section 2 of the Act, where Virtual Digital Assets are defined to cover assets with the following features: Any information, code, number or token (not
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EVERYTHING YOU NEED TO KNOW ABOUT NSIC SINGLE POINT REGISTRATION The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registrations. NSIC (National Small Industries Corporation Limited) has been working to promote aid and faster the growth of micro, small and medium enterprises in the country. NSIC is public
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MAKE CORRECTIONS IN GST TRAN-1 & TRAN-2 MANUALLY What is Tran-1? i. Every registered person who is entitled to carry forward input tax credit (ITC) from earlier regime to GST regime is required to submit declaration in TRAN-1 electronically. ii. Format of TRAN-1 has been provided under CGST Rules and is available in electronic format
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NEW PROVISION FOR PAYMENT OF FAMILY PENSION IF EMPLOYEE GOES MISSING Introduction: The family pension under rule 54 of the CCS (Pension rules) is in the nature of welfare scheme framed to provide relief to the widowed spouse & children of deceased employee or pensioner. The Employee has no control over the family pension as
HINDU UNDIVIDED FAMILY (HUF): SAVE YOUR TAXES THROUGH HUF HUF can be used as an efficient tax saving tool that can be used to reduce taxes by proper Tax Planning. The notion of HUF (Hindu Undivided Family) is particularly relevant In India since joint families exist in Indian culture where an individual’s income
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CBDT enables e-filing of form 3CA-3CD and 3CB-3CD for AY 2022-23 CBDT enable E-filing of Tax Audit Report Form 3CA-3CD and 3CB-3CD for AY 2022-23 is enabled. Taxpayers can download Offline Utility through the “Downloads” Menu option What is a Tax Audit? Tax audit is a cross-examination of the books of accounts of the taxpayer
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A DETAILED GUIDE ON ANNUAL INFORMATION SYSTEM(AIS) INTRODUCTION: Annual Information Statement (AIS) is a utility/ form available on Income Tax Portal which displays all the financial and tax related information available with the Tax Department with regard to the taxpayer. It is an extension of an earlier available form, called 26AS, on the portal which
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HOW TO REGISTER TRADEMARK FOR AN INDIVIDUAL? What is Trademark? As per section 25 of the Trademarks Act, 1999 a trademark is a symbol and can be anything from a name, logo, picture, and word to even a label or a sound. Registering a trademark is the first step towards protecting your brand name. In
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