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As your income increases, so does your tax liability. If you come in the bracket of earning more than ₹7 lakhs per annum, it becomes extremely essential to understand how to save on taxes to keep your hard-earned money. Given the changes in the Indian tax laws and the new provisions made in Budget 2024, […]
The industries in Punjab play a critical role in economic development and have significant environmental impacts. To control these environmental impacts, the Punjab Pollution Control Board ascertains that the industries follow environmental laws by obtaining Consent to Operate (CTO) for operating any industry. It is very important from the point of view of industries emitting […]
In a surprising trend, Bollywood celebrities seem to open their doors to the world of farming, not as an alternate mode of lifestyle, but because this forms a smart financial deal. Land acquisitions by celebrities such as Suhana Khan, R Madhavan, and Juhi Chawla etc, sparked curiosity and debates surrounding agricultural investment trends. While farming […]
A company registration number, also referred to as a Corporate Identification Number or CIN, is a 21-digit unique identifier issued by India’s ROC. It is provided at the time of incorporation with a company to keep track of its legal as well as operational status. The ROC maintains detailed records regarding every entity that is […]
The automobile recycling sector is undergoing a fundamental transformation in order to meet environmental, economic and legal requirements. By 2025, new trends will emerge to determine how end-of-life vehicles (ELVs) will be processed, and how materials will be utilized and made ecologically sound. Therefore, in this blog we are going to look at these trends, […]
The Food Safety and Standards Authority of India (FSSAI) recently classified packaged drinking water as a high-risk category in its regulatory framework. This move, designed to prioritize consumer safety, reflects the critical importance of water quality and hygiene in a rapidly growing market. Packaged drinking water has become an essential commodity in India due to […]
The collaboration between NASSCOM (National Association of Software and Service Companies) and the Dubai International Financial Centre (DIFC) is a significant milestone in strengthening ties between India and the Middle East in the realms of FinTech and Artificial Intelligence (AI). A formal agreement, i.e., MoU (Memorandum of Understanding), is signed between NASSCOM and DIFC, aiming […]
An important announcement has been made by the Central Board of Direct Taxes (CBDT) regarding the extension of the deadline for filing income tax returns. The extension is especially for taxpayers involved in international transactions and specified domestic transactions under Section 92E of the Income Tax Act. This extension provides relief to businesses and individuals […]
GST is a uniform tax system that makes tax payments easier and reduces the burden on businesses. Businesses with a turnover exceeding a certain threshold (currently ₹40 Lakhs) are required to register for GST. Even small businesses need to be GST-registered if their turnover exceeds the set limit, making the tax system fair for all. […]
Filing ITR is a mandatory process through which individuals are required to report their income and taxes to the government. ITR should be filed by every individual and business earning an income. It allows the government to track an individual’s income, assess tax liabilities, and ensure that they are compliant with tax laws. Taxpayers are […]
In today’s world, due to the increased demand for energy and the requirement for environmental conservation, renewable energy has become an important alternative. The national capital, Delhi, is taking some strong steps towards using solar energy as a main element in its energy transformation strategy. Developing and implementing the Delhi Solar Portal was a pioneering […]
In a major breakthrough for the Indian Tea Industry, the Tea Board of India, under the Ministry of Commerce and Industries, has announced a new scheme for its development and growth. This new scheme comes after the Tea Board observed in May that Tea production, especially in Assam, one of the largest tea-producing states, had […]
The electric vehicle revolution gained pace in India, with the government ever willing to walk the extra mile towards attaining sustainability and green energy. However, FICCI opines that a more favourable taxation policy would help hasten the process. FICCI recently urged the government to reduce the GST on electric vehicle batteries and charging infrastructure, stating […]
Coffee is one of the finest agricultural exports from the country and enjoys a reputed position in the international market. Having a distinctive aroma, body, and flavour, Indian coffee’s quality is renowned, particularly Coorg coffee coming from Karnataka state. In recent years, the industry has faced many challenges like fluctuating global prices, a shortage of […]