Pankaj Tyagi

An optimal account receivable management can drastically improve the cash flow of the medical business. To make the Medical Account Receivable process seamless make sure to go through the following tactics mentioned below. Is your healthcare company is dealing with an improper cash flow because of substandard Account Receivable management? This is a complex problem; […]

Section 194M exhibits about taxing high valued transactions that occur at a personal level introduced by the government with an aim to cover said transactions under TDS.  In this blog, we will be providing a brief explanation about section 194M deducting Taxes on Payment to Professionals and Resident Contractors. What is Section 194M? An individual […]

A payment bank is a new form of the financial institution conceptualized by the RBI. These banks are permitted to accept a deposit of Rs 100,000 per customer. These financial institutions don’t hold the right to issue credit cards or loans. However, they are allowed to issue debit or ATM card and render mobile banking. […]

Diwali is the festival of light which is celebrated all across the nation with full of energy and positive vibes. Exchanging of gift is quite common in this festival. But what we never realized that gifts we received on this auspicious occasion attract taxes to a considerable extend. That means that some of the gift […]

Every individual who is earning taxable income is needed to file ITR to report their tax obligations and income. However, the IT laws in our country provide for deduction/collection of tax at source (TCS/TDS) itself. Nonetheless, this ensures the uninterrupted flow of revenue towards the Indian Government and also curbs tax evasion activities. It is […]

Before GST implementation, taxpayers have to confront strings of indirect taxes in India. Every state in the Indian province has its specific indirect tax structure. After the arrival of GST, all the indirect taxes have been integrated into one tax. Positive Impact of GST on the automobile sector As expected, the Impact of GST on […]

Converting a business into a legal entity is probably the most important phase for any organization. Task carried out by the company are regulated through statutory documents that outlines do’s and don’ts for it. Memorandum of Association (MOA) and Articles of Association (AOA), are the commonly known company charter, specifies the scope of operations of […]

The Indian government has issued a scheme for the grant of ex-gratia payment to the borrower in a specified loan account from 1/3/2020 to 31/8/2020. The decision is taken in the view of the COVID 19 pandemic. The government of India has directed all the financial institutions including NBFCs to implement the scheme. Here the […]

Goods And Services Tax has already been implemented in our country and it has affected nearly every sector across the Indian Territory. This includes the well- established and reputed Information Technology sector as well. Undeniably, Goods & Services Tax has simplified our tax system to a great deal by superseding numerous indirect taxes with a […]

Insurance broker license is availed by those individuals or firms who wish to sell insurance products of other Insurance companies. The issuance authority of the insurance broker license in India is the Insurance Regulatory and Development Authority, aka IRDA. This article will reveal the list of the documents required for the insurance broker license.  Overview […]

NBFCs have to comply with the local bylaws to carry out their activities in the financial sector. While borrowing credit from the overseas location, an NBFC has to comply with the regulation of the Foreign Exchange Management Act (FEMA). FEMA’s regulation applies on NBFCs in case of Foreign transaction and Foreign direct investment (FDI). This […]

NBFCs make their way to the financial market about six decades back and since then they are playing a commendable role in serving the lower strata of society. Unlike banks, they are easier to access and facilitate lucrative financial services to the needy ones. Apart from providing easy finances, the NBFC also deals with numerous […]

Nearly every expert in the taxation domain expects GST to render countless benefits to the agriculture sector. The agricultural sector is one of the major contributors to the Indian GDP. It encompasses around sixteen percent of Indian GDP. The implementation of GST has affected various sections of society in one way or another. One of […]

Digital Signature Certificate (DSC) has been made compulsory by the MCA during company registration. Furthermore, it may also be needed by the partners and directors of the LLP or registered companies. Post incorporation, the individual is needed to apply the Digital Signature Certificate else he/she would not be able to verify the documents or file […]