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FRRO Process for Hosts in India: A Comprehensive Guide
RJA 22 Sep, 2024
FRRO Process for Hosts in India: A Comprehensive Guide Foreigners Regional Registration Office (FRRO) requirements apply to hosts accommodating foreign nationals in India. The process ensures the proper tracking and registration of foreign visitors. Here’s an overview of what hosts should know about submitting Form C and other ...
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USA Individuals 1040 Series Tax compliance and Filling of Tax Return
RJA 18 Sep, 2024
USA Individuals 1040 Series Tax compliance and Filling of Tax Return The 1040 series of forms is the primary set of forms used by individuals in the US to file their federal income taxes. Each form in the 1040 series serves different taxpayer needs based on income types, deductions, and credits. Summarized ...
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US Corporations 1120 Series Tax Compliance and Return Filling
RJA 18 Sep, 2024
Summarized scope of work for the US Corporations 1120 Series Tax Compliance and Return Filling The 1120 series tax forms are used by US corporations to report income, calculate tax liability, and claim deductions and credits. Corporation 1120 Series (Basic) US Federal Corporate Income Tax Return (Sch G, ...
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Private aviation industry is started adopting cryptocurrency payments
RJA 11 Jun, 2022
Why the private aviation business is started adopting cryptocurrency payments? Despite the rise in the popularity of the cryptocurrency in current years, even the most popular Bitcoin supporters would have to admit that few peoples use their digital coins to buy their necessities used on regular basis. Along with many ...
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CA's can check C&AG Provisional Empanelment Status for FY 2022-2023
RJA 06 May, 2022
CA Empanelment with the Office of the C&AG for FY 2022-23 From 06.05.2022 to 17.05.2022, the status of provisional Empanelment, as well as provisional score points, for LLPs and Chartered Accountant firms that have applied for empanelment with the Office of the C&AG of India for the FY 2022...
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ICAI Clarification with reference to CA in Practice/ CA Firms Registering on GeM Portal
RJA 08 Mar, 2022
ICAI issue the Guidance & issue clarification with reference to Chartered Accountants in Practice/Firms of Chartered Accountants registering themselves on GeM Portal As members are aware, the Government of India has mandated that government departments and organisations purchase products and services through the GeM (Government e-marketplace) platform. ...
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Extension of deadline Date for filling applications for scrip-based claims - FTP Schemes
RJA 03 Jan, 2022
Extension of deadline Date for filling applications for scrip-based claims - FTP Schemes Directorate General of Foreign Trade has extended the due date for filling applications for the below scrip-based claims from 31st Dec 2021 to 31st Jan 2022 : For Service Exports from India Scheme (SEIS): To encourage and maximize ...
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Minimum Wages Revision by the Govt of Delhi or National Capital Territory
RJA 15 Dec, 2021
Minimum Wages Revision by the Govt of National Capital Territory of Delhi The minimum wage is the amount paid to workers in order to maintain their standard of living. It also tries to protect workers from exploitation. The Minimum Wages Act of 1948 ('the Act') now oversees the determination of the ...
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What are the Statutory Compliance of Manufacturing Industry?
RJA 07 Nov, 2021
What are the Statutory Compliance of Manufacturing Industry Statutory compliance refers to a company's procedures for adhering to legislation created by the local, state, or federal governments. Manufacturing industries employ a large number of labourers, employees, and workers, who provide a wealth of human resources and potential. As a ...
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What are the Roles of a Chartered Accountants ?
RJA 05 Nov, 2021
How does a Chartered Accountants help in tax planning? Tax planning is not about avoiding taxes; it's about minimising them by taking use of allowances, deductions, refunds, concessions, and exclusions that are available within the legal framework. In reality, it's not as simple as it appears. A Chartered ...
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Are you looking for a Top CA firm in India?
RJA 01 Nov, 2021
Are you looking for a Top CA (Chartered Accountant) firm in India? We've compiled a list of the Top 11 Chartered Accountants Firms in India as of today, complete with descriptions. There are Top CA firms based in India that have branches both in India and internationally. We also witness ...
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Why do you need to hire a Top CA Firm in India?
RJA 01 Nov, 2021
WHY DO YOU NEED TO HIRE A TOP CA FIRM IN INDIA ? Everyone believes that a Chartered Accountants is only needed once a year to file our returns and pay our taxes, which is a major fallacy. CA can assist a company in growing and improving its financial situation. ...
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8.5% interest rate on PF Deposits: Approval by Ministry of Finance for FY21
RJA 30 Oct, 2021
8.5% interest rate on PF Deposits: Approval by Ministry of Finance for FY21 The board of retirement fund body of EPFO had recommended an 8.5 percent interest rate for FY21. Ministry of Finance endorsed a 8.5 % interest rate for FY 2020-21 for PF, Board of retirement fund body Employees Provident Fund Organization (...
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DICGC issue a list of banks whose a/c holders will likely get up to INR 5 lakh
RJA 30 Oct, 2021
DICGC issue a list of banks whose a/c holders will likely get up to INR 5 lakh. Deposit Insurance and Credit Guarantee Corporation Act was amended to increase the deposit insurance from earlier INR 1 lakh to INR 5 lakh. DICGC on September 21 announced it shall pay the depositors of the insured ...
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Prime Minister Employment Generation Programme (PMEGP)
RJA 21 Oct, 2021
Prime Minister Employment Generation Programme (PMEGP)-Eligibility, Features PMEGP scheme was founded in 2008 by merging two schemes that were in operation till 31.03.2008 namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well ...
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“THOSE WHO USE PUBLIC FUNDS MUST ACCEPT A RESPONSIBILITY TO THE PUBLIC”
RJA 10 Sep, 2021
As per the Audited Balance Sheet of ICAI as on 31-03-2020 (https://resource.cdn.icai.org/61365annualreport-icai-2019-20-english.pdf) the Institute had Surplus and Earmarked Funds of Rs. 2269.74 Crores (PY Rs. 1963.34 Crores) and it earned a Net Surplus of Rs. 299.19 Crores (PY 283.39 Crores) for the Year ended on 31...
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All about the APEDA (RCMC) Registration
RJA 27 Aug, 2021
APEDA (RCMC) Registration- Meaning, Benefits, Documents Required for an APEDA License The Agricultural and Processed Food Products Export Development Authority (APEDA) is a government agency that was formed to develop and promote the export of scheduled products. APEDA is a government agency that offers financial aid, knowledge, and rules ...
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CRYPTOCURRENCY SECURITY: A DIGITAL WAY TO PROTECT INVESTMENT
RJA 27 Jun, 2021
CRYPTOCURRENCY SECURITY: A DIGITAL WAY TO PROTECT INVESTMENT How does one retain a high standard of workflow? How are you able to keep your team connected and receptive to collaboration when they’re separated? is that this the proper time ...
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Required Only Aadhaar and PAN Card to Complete MSMEs Registration
RJA 19 Jun, 2021
Entrepreneurs who want to start a Micro, Small, or Medium Enterprise should rejoice. Shri Nitin Gadkari, Minister of Micro, Small, and Medium Enterprises (MSME), announced the streamlining of the Micro, Small, and Medium Enterprises (MSME) registration process. Shri Gadkari declared on an occasion that for MSMEs registration, only Aadhaar and ...
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Food Law Relaxations/Extensions for Covid-19-Affected Food Industries
RJA 04 Jun, 2021
Food Law Relaxations/Extensions for Covid-19-Affected Food Industries The Food Processing Industry (FPI) is extremely important because it develops crucial linkages and synergies between agriculture and industry, which are the two foundations of the economy. After China, India produces the second-largest amount of fruits and vegetables in the world, ...
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Frequently Asked Questions on FSSAI -Compliance Mechanism
RJA 04 Jun, 2021
Compliance Mechanism under FSSAI: Mandatory compliance was implemented on April 1, 2021. W.e.f FY 2020-21, online submission of Annual Returns on Food Safety Compliance System (FOSCO - https://foscos.fssai.gov.in) has been made mandatory for food businesses involved in food manufacturing and importing (window for return ...
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RISK AND SAFETY GUIDE FOR INVESTMENT IN CRYPTO
RJA 18 May, 2021
ANSWERS TO SOME BIG/TOP QUESTIONS RELATED TO CRYPTO Cryptocurrency is gaining the attention of investors worldwide. The beginning of 2021 saw a huge spike in crypto prices as Bitcoin hit its record high of $62,575 in April and Ethereum price soared above $4,000 with the rest following the trend. Presently, Bitcoin is ...
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WHAT ARE THE TOP CRYPTOCURRENCY OF 2021
RJA 08 May, 2021
Cryptocurrencies are making investors enthusiastic and are creating thought in their minds. It is such a hot popcorn from the media’s outlook due to its volatile price highs and lows. In case one knows only about Bitcoin, then they are underestimating the strength of the crypto market. There ...
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RISE IN ETHER: A THREAT TO BITCOIN
RJA 01 May, 2021
RISE IN ETHER: A THREAT TO BITCOIN Ether price went beyond $4,000 on 10th May, Monday, thereby hitting its all-time high. Though it is the second-largest cryptocurrency, this new record is seen as an out beat to Bitcoin for the world’s largest cryptocurrency. Ether runs on the ...
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Basics of RoDTEP Scheme – Remission of Duties or Taxes on Export
RJA 19 Feb, 2021
RoDTEP Scheme: The Govt of India announced the Remission of Duties & Taxes on Export Product (RoDTEP) Scheme, which is a combination of 2 existing GOI schemes, including MEIS (Merchandise Export from India Scheme) and RoSCTL (Rebate of State & Central Taxes and Levies Scheme) to ensure compatibility with the World ...
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Govt has introduced legislation to ban crypto-currency in India
RJA 13 Feb, 2021
What's Cryptocurrencies-Bitcoin? Bitcoin is a cryptocurrency invented by a few unknown groups of people. You can buy or sell bitcoins on a bitcoin exchange. The currency is not controlled by any bank or government. Blockchain is the leading technique behind bitcoin and other cryptocurrencies. It's a public ...
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Highlights on key changes related to start-up Budget 2021
RJA 05 Feb, 2021
Brief Glance at key changes related to start-up Highlights Budget 2021's: The finance minister has announced the first-ever digital financial budget, and the finance minister's red cover tab had several offers for the business world, especially start-up businesses, this year. key changes related to start-up Highlights Budget 2021's: 1. Start-up ...
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Govt approved : Startup India Seed Fund Scheme to provide funding for start ups
RJA 02 Feb, 2021
The Government launched the “Startup India Seed Fund Scheme" to provide funding for start-ups powered by technology. The 'Startup India Seed Fund Scheme (SISFS)' has been approved by the Central Government to provide startups with financial assistance for proof of concept, prototype creation, product trials, market presence, ...
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Govt to amend Laws for effective Disciplinary points for ICAI, ICWAI, ICSI
RJA 31 Jan, 2021
Govt to amend Laws for effective Disciplinary points for ICAI, ICWAI, ICSI The Govt. of India is ready to amend laws to streamline the workings, in particular disciplinary dimensions, of the three professionals in ICAI, ICWAI and ICSI. The invoice for amending the relevant provisions of the laws governing the ...
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Key Points to Consider Before Choosing Types of Business
RJA 28 Jan, 2021
Key Points to Consider Before Choosing Types of Business Ease: The easiest business structures to create are sole proprietorships. It is typically as easy as opening a checking account at your local bank to set up a sole proprietorship. It is also relatively easy to set up partnerships, but you ...
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Key Considerations when you launch a startup business
RJA 28 Jan, 2021
Want to Startup Business in India? Here is some Guidelines for YOU! A startup refers to a company that's in the initial stages of business. Startups are created by one or more entrepreneurs who want to create a product or service to be marketed by the founders. ...
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Single Point Registration Scheme
RJA 15 Jan, 2021
Single Point Registration Scheme Overview of Ministry of Micro Small & Medium Enterprise Scheme In 1955, the Indian Government launched the National Small Industries Corporation Limited to foster the growth of small industries in our country. Under this Single Point Registration Scheme (SPRS) for participation in Government Transactions, NSIC registers all ...
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President promulgates Ordinance on Arbitration and Conciliation (Amendment) Ordinance, 2020
RJA 04 Nov, 2020
President promulgates Ordinance on Arbitration and Conciliation (Amendment) Ordinance, 2020 The President of India today passed the Arbitration and Conciliation (Amendment) Ordinance, 2020, which amended Section 36 of the Arbitration and Conciliation Act byways of amendments. The Eighth Schedule of the Arbitration Act, which addresses the qualifications and experience of arbitrators, has been ...
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MEF Form FY 2020-21 Re-extended last date: ICAI
RJA 24 Oct, 2020
MEF Form FY 2020-21 Re-extended last date: ICAI Multipurpose Empanelment Form MEF Form For FY 2020-21 the last date extended again: ICAI Committee The MEF for the year 2020-21 is live on https:/meficai.org w.e.f. 23 September 2020. The initial submission date was 12 October 2020 and was increased to 23 October 2020. ...
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Document requirement Import Export Registration
RJA 16 Oct, 2020
Document requirement Import Export Registration What's the Import Export Registration (IEC)? Importer and Exporter Code is abbreviated as IEC, which means that you will need an Import Export Registration certificate if you are operating in foreign countries or if you are carrying out any import and export procedures. It ...
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key takeaways Digital Signature Certificate (DSC) - process of getting DSC, DSC Categories, Benefit
RJA 03 Oct, 2020
Digital Signature Certificate Digital Signature Certificate is a technique of verifying and validating the authenticity of a digital document or a message. It can provide the assurances of evidence of origin, transaction and can acknowledge informed consent by the signature. Compliance with statutory requirements Businesses and individuals needed to ...
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Ready-Made Shelf Company Service
RJA 03 Oct, 2020
Ready-Made Shelf Company Ready-made shelf companies are the best way to get a business started and to create corporate longevity which may boost investor’s confidence. According to a general rule, a company can be incorporated in India within a minimum period of 16 weeks and employees’ lower level ...
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Foreign Exchange Management Act Service
RJA 03 Oct, 2020
FEMA Indian Central Bank regulates the business ventures and investments of foreign companies. Ca in India share expertise in getting approvals, clearances for foreign companies in India. We provide compliance services in proper sync with the provisions under the Foreign Exchange Management Act and under the Reserve Bank of India. ...
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Copyright Services as per Copyright Act, 1957
RJA 03 Oct, 2020
Copyright Services Having copyright is necessary for the art piece to retain its unique identity and value and it protects the expression of ideas and thoughts in the literary or artistic domain. It protects the economic rights of individuals and assures monetary benefits. Copyright grants your creative work a legal ...
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Design Registration Service in India
RJA 03 Oct, 2020
Design Registration in India Every person or the creator would like to secure his unique endeavour be it a unique pattern, style, shape, configuration, or composition applied to a website. It doesn’t include a trademark or logo which makes it essential for getting registered ethically going by the ...
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GST on Permanent transfer of IP right related Services attracts 18% GST
RJA 03 Oct, 2020
GST Liability on Permanent transfer of IP right Related Services attracts 18% GST What is IPR(Intellectual Property Right)? IPR(Intellectual Property Right) has not defined in GST Law. Intellectual property is generated by the application of intelligence, which can take the form of a design, an invention, technology, a ...
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Trademark Registration in India
RJA 03 Oct, 2020
Trademark Registration in India Trademark is an intellectual property that consists of a recognizable sign or design which expresses the services of a particular source. The main purpose of a trademark is to restrict and prevent unfair competition by protecting its mark in the form of a design or logo. ...
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SEZ Consultancy services in India
RJA 03 Oct, 2020
SEZ Consultancy services Special Economic Zone (SEZ) is introduced by the Government to provide an internationally competitive and smooth processing environment for earning foreign direct exchange and foreign Direct Investment. It is mainly set up with the main purpose of duties, tariffs, and operations. The goods and services supplied from ...
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ICAI Announcement Financial assistance up to Rs.1.5 Lakes for COVID-19 (CABF) for CAs & family
RJA 01 Oct, 2020
CHARTERED ACCOUNTS 'BENEVOLENT FUND (CABF): Financial support to Covid-19 for Chartered Accountants, Parents, Children & Dependents. ICAI provides medical support for members and their CORONA dependants The Management Committee of the Benevolent Chartered Accountants Fund (CABF), ICAI, considered the difficulty facing members during a pandemic and decided to ...
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Mergers and Acquisition Advisory
RJA 01 Oct, 2020
Mergers and Acquisition Advisory Mergers and Acquisition is a type of business alliance that is adopted by the companies for diversifying their business. The aim of the acquisition is to obtain or acquire a major portion of other company’s assets and the merger concludes to the total absorption ...
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Business Process Re-engineering service
RJA 01 Oct, 2020
Business Process Re-engineering Business Process Re-engineering is the act of recreating the core business strategies with the major objective of improving output, costs, and quality of the business operations and their implementations. It involves an analysis of the company’s workflow, figuring out the major loopholes, and rectifying them ...
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Operational Excellence Service
RJA 30 Sep, 2020
Operational Excellence Operational excellence accounts for the execution of the business strategy more strategically and in a consistent manner. The model thus created should encourage business development. It is aimed at rectifying the issues which pop up with the organization while undertaking various business alternatives. Operational Excellence Services in Delhi ...
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Performance Optimization Services
RJA 30 Sep, 2020
Performance Optimization For sustainable profitability, it is imperative for any business to deploy financial and technological resources in an effective and productive way. Optimization of business applications is required for maintaining the flow of business operations. Performance Optimization Services in Delhi Performance optimization is aimed at improving the wheel on ...
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Outsourcing Customer Services in India
RJA 30 Sep, 2020
Outsourcing Services A process in which the company contacts other companies for the efficient management of its business operations and for solely concentrating on the major areas of the company. It is a strategic step in getting a core advantage. In this, the business process outsourcing provider is considered an ...
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Major Changes in the New Code of Ethics 2019
RJA 18 Sep, 2020
The present Code of Ethics contains Two Parts Part-A - [Based on IFAC/IESBA Code of Ethics, 2005 edition] Chapter 1 – General application of the Code Chapter 2 - Professional Accountants in public practice Chapter 3 – Professional Accountants in service Part –B - [Based on domestic Indian provisions ] Chapter 4 – Accounting ...
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Various type of Business Strategy
RJA 18 Sep, 2020
Entry Strategy The rapidly growing economy provokes the interest of foreign investors and business owners. With India being one, a well-planned entry strategy for a comfortable start will redeem you of excessive challenges encountered during business set up in India. What are market entry strategies? Market entry strategies are methods ...
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Virtual Office Facility in India
RJA 17 Sep, 2020
Virtual Office Facility A virtual office is an ideal resort to the small and medium business owners which offers prestigious address and landline phone numbers without any requirement of dedicated office space. Professionals can enjoy the privilege of working from home and relish the reputation of a city address. It ...
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Five reasons why you should use a Credit Card
RJA 26 Jul, 2020
Five reasons why you should use a Credit Card A credit card is a service that allows you to earn a credit of up to forty-five days from the bank without any interest. You will use a card to pay travel expenses for your regular grocery expenses. A credit card ...
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ICAI claims that Institute ICWAI has not approved & unlawfully used the term ICAI
RJA 26 Jul, 2020
ICAI claims that Institute ICWAI has not approved & unlawfully used the term ICAI The trademark 'ICAI' is a registered trademark of the Indian Chartered Accountants Institute (ICAI) [Trade Mark No. 2121118] with the date of product 01.07.1949. Therefore, the Institute of Indian Chartered Accountants (ICAI), as its licensed owner/owner and ...
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Business Set up Outside India - Resident Indian made Investments outside India/abroad:
RJA 24 Jun, 2020
Business Set up Outside India When a business flows globally it is bound to be successfully assisted by professionals. Relocating your existing business or setting up business outside India is more of a challenging task that requires proper financial planning, knowledge of marketing policies, tax incentives, and a few jurisdictions. ...
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Complete understanding about Senior Citizen Savings Scheme (SCSS)
RJA 04 Jun, 2020
Complete understanding about Senior Citizen Savings Scheme (SCSS) In 2004 the government announced the Senior Citizens Savings Scheme to ensure a guaranteed return to senior income, thereby creating a guaranteed regular income flow. Investing in the Senior Citizen Pension Fund is a successful way for senior citizens aged 60 years of age ...
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The Prime Minister cares fund is now entitled to accept donations under the CSR
RJA 27 May, 2020
The Prime Minister’s CARES Fund is now entitled to accept donations under the CSR The Center has also made it available for contributions from multiple organizations through the PM CARES Fund for Corporate Social Responsibility ( CSR). The Ministry of Corporate Affairs has proposed changes to the Companies Act. ...
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ICAI shall extend the time for the initiation of the Practical Article Training to 31 July 2020
RJA 21 May, 2020
I ICAI official statement Extend the period of time for the beginning of practical training on or before 31 May 2020 until 31 July 2020 for inclusion in the final examination to Be conducted ...
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COVID-19 and Disappointment of Lease Deeds:
RJA 07 May, 2020
COVID-19 and Disappointment of Lease Deeds: A Perspective – Shubham Garg We are facing an ongoing global health problem, as a result of which the Indian Government placed a national lockout under the Disaster Management Act of 2005 as a protective measure to restrict the dissemination of COVID-19 to the population. ...
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Pnb Scam Case Sunny Kalra And Cbi Bring Accused Sunny Kalra To India From Muscat
RJA 07 May, 2020
PNB SCAM CASE SUNNY KALRA AND CBI BRING ACCUSED SUNNY KALRA TO INDIA FROM MUSCAT Fact of the Company: White Tiger Steels Private Limited is a private company. it was founded on 18 December 2012. It is listed as a non-government corporation and registered with the Registrar of Companies, Delhi. The approved ...
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Complete Information about Service Export from India Scheme (SEIS)
RJA 06 May, 2020
Complete Information about Service Export from India Scheme (SEIS) The Government of India launched the Service Exports from India Scheme (SEIS) under the Foreign Trade Policy (FTP)-2015, replacing the existing scheme 'Served from India Scheme' under the Foreign Trade Policy 2009-15. The key goal of the scheme is ...
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New Revised UDIN- FAQ for Bank Audit published by ICAI
RJA 05 May, 2020
New Revised Unique Document Identification Number (UDIN) Frequently Asked Questions for Bank Audit published by ICAI Question 1. When conducting a bank audit, if separate UDINs are needed for LFAR, tax audit, statutory audit report, etc.? Answer No, since UDIN must be generated by assignment to the signatory on a given ...
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Complete Understanding on Business Valuation
RJA 01 May, 2019
Complete Understanding on Business Valuation Business valuation is primarily the approach for identifying a business's "economic value." This builds mainly on some financial assumptions and various limitations relating to the valuation date information available to assess the value of the company. The business can be assessed in ...
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SERVICE EXPORTS FROM INDIA SCHEME
RJA 06 Sep, 2018
To encourage the export in the country the Foreign Trade Policy- 2015-2020 has been introducing a Service Exports from India Scheme (SEIS) with effect from 1 April 2015. This scheme provides benefits to ‘Service Providers located in India’ i.e. all service providers of notified services, ...
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Business Set up in India- Startup India scheme Benefits
RJA 12 Jun, 2018
Business Set up in India- Startup India scheme For expanding business across the international frontiers is considered as an important aspect for the business to establish milestone. Rapid economy growth with resources and inexpensive labors makes India the topmost choice for the business owners to establish a business in. Apart ...
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HOW TO APPLY TO RBI FOR MOBILE WALLET/ PREPAID PAYMENT INSTRUMENTS
RJA 13 Apr, 2018
The Reserve Bank of India issued guidelines for prepaid payment instruments (PPI) such as closed, semi-closed and open wallets. According to the new guidelines, all the PPIs will now be interoperable, which means will allow transactions with each other A non-bank entity desirous of setting up payment systems for issuance ...
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QUICK REVIEW Of PREVENTION OF MONEY LAUNDERING ACT, 2002
RJA 13 Mar, 2018
Money laundering is the process by which large amounts of illegally obtained is given the appearance of having originated from a legitimate source. So basically, all the ways to convert black money into white money are Money laundering. But in Money laundering, the black money must ...
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APPROVES ARBITRATION AND CONCILIATION (AMENDMENT) BILL, 2018
RJA 09 Mar, 2018
The Union Cabinet on Wednesday approved the Arbitration and Conciliation (Amendment) Bill, which seeks to establish an independent body to make arbitration process user-friendly, cost-effective and ensure speedy disposal and neutrality of arbitrators. The Bill seeks to encourage institutional arbitration for settlement of disputes and make India a centre of ...
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Future of Accountancy Profession
RJA 08 Mar, 2018
Future of Accountancy Profession Accountancy profession will face significant challenges in coming times with the evolving technologies, globalization and new form of regulations. Along with tough challenges come exciting opportunities which accountants in business and practice are going to face. Emerging technologies and global trends are definitely reshaping the accountancy ...
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Everything You Need to Know About SIDBI Loan Schemes
RJA 24 Feb, 2018
SIDBI has proved to be a great support system for all kinds of small businesses in India. This is because they create a series of equity and loan schemes for MSME sector to sanction their growth. In the following article, we will observe some famous SIDBI schemes like- SME IT ...
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Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018
RJA 24 Feb, 2018
In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to introduce the following bills in the Parliament:- (a) Banning of Unregulated Deposit Schemes Bill, 2018 in parliament & (b) Chit Funds (...
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AMENDMENT TO LAW ON CHEQUE BOUNCE
RJA 20 Feb, 2018
Cheques are used in almost all transactions such as re-payment of loan, payment of salary, bills, fees, etc. A vast majority of cheques are processed and cleared by banks on daily basis. Cheques are issued for the reason of securing proof of payment. Nevertheless, cheques remain a reliable method ...
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MSME CONSULTANCY & REGISTRATION
RJA 19 Feb, 2018
Micro, Small & Medium Enterprises - The Engine of inclusive growth & development The registration under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small, and Medium enterprises.MSME stands for micro, small and medium ...
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HIGHLIGHTS OF UNION BUDGET 2018-2019
RJA 02 Feb, 2018
HIGHLIGHTS OF UNION BUDGET 2018-2019 Slab rates kept the same. Education Cess and SHEC rates increased to 4% from the existing 3%. Charitable / Religious Trusts claiming exemption under section 11 & 12 or under section 10(23C) for a business conducted by them will be needed to follow the provisions of sections 40(a)(ia), 40A, ...
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THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT ACT, 2016
RJA 25 Jan, 2018
INTRODUCTION Benami property means any property which is the subject matter of a Benami transaction and also includes the proceeds from such property Benami transaction As par section 2(9) "benami transaction" means,— (A) A transaction or an arrangement— (a) Where a property ...
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Quick Review on RERA Act: Registration Requirement & Process
RJA 28 Dec, 2017
Quick Review on RERA Act: Registration Requirement & Process Who is a Real Estate Agent? Section 2 (zm) of RERA defines real estate agents. According to the definition, a “real estate agent” means any person, who negotiates or represents other persons for transfer of a real estate property by ...
