Pankaj Tyagi

On Monday, CBDT took the vital decision in the direction of income tax rule 1962. This time authority makes some changes by implementing Rule 2DB that advocates a couple of conditions that pension funds ought to be met. The Central Board of Direct taxes, aka CBDT issues condition for pension funds for income tax exemption. […]

A Non-Governmental Organization (NGO) refers to a non-profit organization that serves the people and society to safeguard their rights and interests. The NGO is driven by a group of volunteers, individuals, activists, and social persons willing to aid the needy ones. Role of NGO as an Organization Volunteers who run the Non-Governmental Organization (NGO) don’t […]

NGO and INGO’s perform a variety of tasks to safeguard humanity from adversity, either caused by natural disaster or economic catastrophe. NGO and INGO work on similar grounds and their objective is also identical. However, they may differ from each other when it comes to the organization’s hierarchy and mode of operations. Both these organizations […]

BIS is a legal body, established to deploy the extensive guidelines for manufacturers to ensure the quality, reliability, and safety of the products. As of now, thousands of manufactures from different sectors have obtained this license for certifying their product for quality. BIS is increasingly becoming popular among the industries that care about the quality […]

Both NGOs and NPOs work for public and society welfare. They are staffed with a team of volunteers that works rigorously for the betterment of society and human lives. Such firms work without government intervention and focus on facilitating support to those who require the most. Despite their similar structure and design, there are some […]

BIS is a statutory body that provides quality certification to the manufactures for maintaining product quality as per prescribed standards. After being launched in 1986, BIS rolled out diverse standardization guidelines for the manufacturing units across the country. As of now, BIS has laid down quality guidelines for nearly 900 products. The primary objective of […]

On Monday, the Central Board of Direct Taxes (CBDT) announced the Income Tax Rules 2020 regarding FORM No. 49BA and non-furnishing of PAN by non-resident. The CBDT made this declaration in the view of the amendment of Income-tax Rules, 1962. Rule 37BC – The section 206AA As per rule 37BC – The section 206AA provisions […]

Quality is the utmost priority for the end-users that pays a significant amount of money to purchase the products. In the absence of a legit standard or certificate, the products could be questioned for its credibility, which impacts its sale in the given market. On the other hand, the products that are tested and certified […]

Bureau of Indian Standard, aka BIS, is a government-driven body set up three decades ago to ensure the quality and safety of the end-users’ product. Every tangible product has some health hazards and quality issues. The aim of BIS is to eliminate these disparities from the product through an in-depth inspection based on the predetermined […]

A sole proprietorship rank amongst the best business models due to the ease of establishment and unlimited liabilities. Precisely, anyone who intends to open such a business needs not to raise any formal certification from any authority. Sole Proprietorship business could be started with a minimum investment, unlike other business models. Neither the sole proprietorship […]

Establishing a new business can be a daunting errand for anyone. Starting from tedious paperwork to the procurement of manpower, one has to look into every aspect of a business model while taking the budget and foreseeable liabilities into account. If you aren’t in the condition to predict the best business models, then Sole Proprietorship […]

GST portal has rolled out an important feature that allows the composition taxpayer to fill the GSTR-4 annual return form offline. The newly embedded feature is incorporated for taxpayers’ ease, who often fails to file the return due to lethargic server response. The offline form is available in the Excel-based format allowing the taxpayers to […]

Sole Proprietorship is regarded as one of the most popular business models in India. It is easy to form and requires less registration formalities from any authority. It is suitable for entrepreneurs whose intension is to work independently without any legal obligations. Sole Proprietorship business model gives the complete authority to an individual to run […]

Sole Proprietorship is the simplest business form that can adapt by anyone without interfering with stringent compliances. It is perhaps the most convenient form of business that defies any connection with the specified law. Unlike mainstream business forms, Sole Proprietorship could be set up with minimal paperwork and process. Let’s move forward how you can […]