HOW TO CANCEL TRADEMARK REGISTRATION IN INDIA 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 […]
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SECTION 44AB: RECENT AMENDMENTS UNDER INCOME TAX ACT INTRODUCTION: There are various kinds of audits being conducted under different laws such as company audit/statutory audit conducted under company law provisions, cost audit, stock audit, etc. Similarly, income tax law also mandates an audit called ‘Tax Audit’. As the name itself suggests, a tax audit is
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CRYPTOCURRENCY AND ITS TAXATION HISTORY: Bitcoin has been one of the first cryptocurrencies which entered the market in the year 2009, and it was invented by Satoshi Nakamoto. After that, several Cryptocurrencies came into the market, and some of the popular currencies are Bitcoin Cash, Ripple (XRP), Litecoin, etc. As per an estimate, thousands of
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GENERATION OF E-WAY BILL FOR TRANSPORTERS USING COMMON ENROLLMENT NUMBER What is Common Enrolment ID Common Enrolment ID is a 15-digit number starting with 88, followed by Permanent Account Number and the last three digits are system generated. Why Common Enrolment ID for Transporter? There was a demand from Transporters that, they want to have
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CUSTOMS DUTY ON IMPORTED GOODS AS PER SECTION 12 An import or export of goods we often use the term custom duty which is payable or to be paid but at what point of time and when the importation of goods would be treated as complete makes us confused. As per section 12 of the
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CONVERSION OF LOAN INTO EQUITY UNDER COMPANIES ACT, 2013 What is Equity? Equity is the amount of money that a company’s owner has put into it or owns. On a company’s balance sheet, the difference between its liabilities and assets shows how much equity the company has. The share price or a value set
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START-UP RECOGNITION: HOW TO OBTAIN A START-UP CERTIFICATE OVERVIEW: The term ‘start-up’ or “start-up company” means a private company incorporated under the Companies Act, 2013 (18 of 2013) or the Companies Act, 1956 (1 of 1956) and recognised as start-up in accordance with the notification issued by the Department of industrial Policy and Promotion,
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GSTN: CHANGES IN TABLE 4 OF GSTR-3B RELATED TO CLAIM OF ITC Procedure to be followed to correct the reporting of information in Form GSTR 3B – It may be noted that the ineligible ITC, which was earlier not part of the calculation of eligible/available ITC, is now part of the calculation of eligible/available ITC
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RBI’S NEW DIGITAL LENDING GUIDELINES Digital lending is one of India’s fastest-growing fintech segments, with volumes increasing from US$9 billion in 2012 to nearly US$110 billion in 2019. The digital lending market is expected to be worth around 350 billion dollars by 2023. The Reserve Bank of India constituted a Working Group on ‘digital lending
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EVERYTHING ABOUT EQUALISATION LEVY Equalisation levy is a direct tax that was introduced by the Government of India in the year 2016 vide Finance Act, 2016. Equalisation Levy was not a part of the Income Tax Act, 1961 but rather it was introduced in the Finance Act, 2016. In the year 2020, the Government of
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