Hon’ble Union Minister for MSME Shri Narayan Rane, launched the “Revamped CreditGuarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme” on27.04.2023 at Mumbai. CGTMSE has been provided with an additional corpus supportof Rs. 9,000 crores in the Union Budget for FY 2023-24 to revamp the Scheme and toprovide guarantees for additional Rs. 2 lakh
For any startup one of the most important document or process involves creating an impactful pitch deck. Every business/startup is different and so there pitch deck will be. A pitch deck is a presentation used by entrepreneurs, startups, or businesses to communicate their business idea, product, or service to potential investors, partners, or stakeholders. It’s
The pivotal role of distinguishing goods and services in the market is played by trademarks in the dynamic landscape of intellectual property rights. The Indian Trademarks Act of 1999 establishes a comprehensive legal framework for safeguarding these distinctive marks. However, the eligibility for trademark registration does not extend to all names or marks. Specific prohibitions
The Income Tax Act provides several tax reliefs to reduce the taxable income of individuals and companies. One of such deduction is made under Section 80JJA of the Income Tax Act and is commonly known as 80JJAA deduction. Section 80 JJAA of the Income Tax Act is a significant provision that aims to promote employment
A company being an artificial person managed by natural persons who are technically called as directors and collectively known as Board of directors. Every form of company should have directors to run and manage its business-like one-person company (OPC) needs to have at least one director, a private limited company needs to have at least
Every individual plan to reduce their tax liability and to support tax planning. The growth of the financial/insurance sectors government has allowed various deductions from taxable income. Section 80C to 80U of the Income Tax Act, 1961 in India provides various deductions to individuals and Hindu Undivided Families (HUFs) to reduce their taxable income and
There was a prolonged debate going on whether Hostel accommodation provided to students falls under Entry 13 of Notification No. 09/2017 dated September 28, 2017 namely ‘Services by way of renting of residential dwelling for use as residence and was exempt or the same will be covered under S. no. 12 and 14 of the
Funding refers to the money needed to start and run a business. It represents a financial investment in a company to support activities such as product development, manufacturing, expansion, sales and marketing, working capital, and inventory. While some startups opt not to raise funding from third parties and instead rely on funding from their founders
It is essential for companies to prepare their financial statements accurately and disclose them in a standardized manner that can be easily understood by stakeholders. This is crucial for maintaining the credibility of the company and ensuring sound investment decisions by investors. The audit process under the Companies Act of 2013 plays a key role
