Ilma Siddiqua

A total of 42 schemes of ELSS were there as of March 31st, 2024, in India, with a net AUM of Rs 2,13,000 lakh crore as per the statistics of the Association of Mutual Funds in India. There is a wide range of tax saving mutual funds. In simple words, a mutual fund is when a pool of money is […]

Accounts payable problems are increasing daily since it is very hard to maintain the books of accounts. Businesses need to address this issue to survive in the market; otherwise, it won’t take long enough for them to suffer losses. They need to adopt severe measures to bring it under control.  Introduction to Accounts Payable Problems […]

Ever heard of a bonafide certificate? In Latin, the word bonafide means in good faith. The bonafide certificate is of great importance and value in many scenarios. Like other vital documents, a bonafide certificate is helpful in validating crucial information about the person. The bonafide certificate in India functions as an all-purpose certificate for verifying […]

The Department of Administrative Reforms and Public Grievances (DARPG) and the National Informatics Centre (NIC) collaborated to establish the online portal known as the Centralized Public Grievance Redress and Monitoring System (CPGRAMS). Its main goal is to make it easier for people to resolve public complaints that they may have effectively. CPGRAMS guarantees that the […]

In the past, in the absence of a reliable verification method, the Income Tax Department approved deductions under Section 80G of the Income Tax Act based solely on taxpayer claims or donation receipts. To solve this, the NGOs that have NGO registrations that receive gifts are now required to provide a donation certificate to contributors […]

For any business, the management of documents is essential. Similarly, for all the importers and exporters, managing all the paperwork related to their imports and exports is equally important. The whole process of import and export consists of many stages, and all require different documents. The documents and bills related to shipping, landing, and entry […]

As of 2022, the average global energy consumption per person is 0.7 tons, which is half that of Asia. In 2022, the amount of electricity consumed per person in Asia was 930 kWh, roughly one-third of the average. There are 46 compressed biogas plants in India, with a combined daily capacity of 272 tonnes. The […]

Amidst the always-changing terrain, accounts payable encounters distinct obstacles and prospects. Businesses need to adjust their systems to ensure efficiency, accuracy, and security in managing their financial commitments as traditional office environments become less common. This calls for a reassessment of tactics and the implementation of creative solutions to optimize accounts payable processes in remote […]

Any operator of a food business who loses their license from the Food Safety and Standards Authority of India (FSSAI) may find it extremely difficult to run the food business. That being said, getting an FSSAI duplicate license doesn’t have to be as difficult as it might seem. The regulatory body has defined a simple […]

BIS certification is a consumer product quality standard used by the Government of India. It is administered through a body known as the Bureau of Indian Standards (BIS) and ensures that consumer products, goods, and electronic and industrial goods meet the required energy efficiency and safety standards. The examination and certification process involves preparing applications, […]

The chief financial officer or CFO is the key managerial person of a company who oversees the entire financial and regulatory framework and suggests a strategy for the future growth of the business. CFO is necessary for any business venture, as well as for small and new enterprises that struggle to navigate the complex territory […]

It takes careful planning and compliance with regulations to start a currency exchange company in India. India’s economy, which is among the fastest-growing on global level, offers a rich opportunity for these kinds of businesses. To begin this venture, prospective business owners need to make sure they comply with Anti Money Laundering (AML) standards and […]

GSTN Advisory for OPC Registration: The Goods and Services Tax Network (GSTN) Advisory for One Person Company (OPC) Registration highlights how India’s tax system is changing and how this affects sole proprietors. The OPC structure has been popular in India as a result of its limited liability advantages and easier compliance requirements, particularly in light […]

The guidelines that govern how we must keep our records up to date, submit invoices, report sales and purchases, and, in the end, pay taxes and file returns have been established by the GST Council. To put it simply, GST compliance is the act of adhering to specific laws and regulations. For businesses, GST compliance […]