Legal Blog2018-10-23T09:26:49+00:00

Section 44ADA – Presumptive Tax Scheme for Professionals

India has a wide variety of businesses, and India's economy is strong. India is the world's fastest-growing major economy with its booming industries, including construction, automobile manufacturing, and mining production. India is also one of the largest importers and exporters in the world. With such a diverse range of businesses happening in India--and so many opportunities for success--it’s no wonder [...]

Overview of MSME Registration

It's vital to define MSME before trying to comprehend what MSME Registration implies. The backbone of the frugality is Micro, Small, and Medium Enterprises, or MSME. MSME is the administrative agency in charge of regulating and administering the rules, regulations, and laws that govern Micro, Small, and Medium Enterprises. Manufacturing and service diligence can also apply for MSME enrollment.  It's [...]

By |December 2nd, 2021|Categories: MSME|Tags: , , , , , , , , |Comments Off on Overview of MSME Registration

How To Get A Wine Shop License In India

If you want to sell alcohol in India, you'll need to get a liquor license first. Liquor is sold in India in bars, hotels, some restaurants, clubs, pubs, and discos. As a result, if you want to create a bar or restaurant, you'll require a liquor license. Selling alcoholic beverages without a valid license is illegal and penalized by law. [...]

Clubbing of Income under Section 64

There are a variety of situations in which you may need to combine someone else's money with your own. Hold off on transferring any of your assets or income to another individual as a tax planning strategy to prevent having the income taxed in your hands. Clubbing provisions may be attracted as a result of such transfers to the income [...]

By |December 1st, 2021|Categories: Business|Tags: , , , |Comments Off on Clubbing of Income under Section 64

CERSAI – Central Registry of Securitization Asset Reconstruction and Security Interest of India

The Indian Registry of Securitisation Asset Reconstruction and Security Interest, frequently known as CERSAI, was established to combat fraudulent behavior in lending deals with fair mortgages.  CERSAI is a registry that was created in India to combat fraudulent exertion in lending deals against indifferent mortgages. The Securitisation and Reconstruction of Financial Means and Enforcement of Security Interest Act of 2002 [...]

By |December 1st, 2021|Categories: Business|Tags: , , , , |Comments Off on CERSAI – Central Registry of Securitization Asset Reconstruction and Security Interest of India

Section 112A of Income Tax Act, 1961

INTRODUCTION Through the Finance Bill 2018, the govt has presented Section 112A under the tax Act, 1961. The new section 112A has been embedded to collect long-term capital gain charges on the exchange of value share, units of value arranged assets, and units of a business trust. The justification behind the presentation of new section 112A, as given by the [...]

By |November 30th, 2021|Categories: Income Tax|Tags: , , , , , , |Comments Off on Section 112A of Income Tax Act, 1961