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

Tax benefits on home loan are a significant incentive provided by Government to encourage home ownership and investment in real estate. These benefits allow individuals to save money by reducing their tax liability. The Indian government provides a way to fulfil this dream by encouraging citizens to invest in a house property. It offers various

Startup is a buzz word around the world and India is of no exception. The current generation of Indian youth has decided to not follow the traditional path of their parents and grandparents to restrict themselves to jobs or small-scale businesses. The technological advancement has also motivated young entrepreneurs to take this challenging path of

In India, trademark registration, protection and prevention of illegal use of trademark is governed by the provisions of the Trademark Act, 1999. It provides the provisions related to procedure for registration of trademark, rights of the owner of a trademark, penalties in case of infringement, various remedies to owner of a trademark, objection, dispute resolution,