Soumya Bajpai

About Soumya Bajpai

Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.

Renew FSSAI License – When and How to Do it!

Acquiring Food License from FSSAI (Food Safety & Standards Authority of India) is mandatory for every food business operator in India. To renew FSSAI License within due time is mandatory to make sure that a FBO can legally continue with the business and comply with the regulations of FSSAI. If a food license renewal is […]

Know About FSSAI Registration in India for Operating Food Business

FSSAI Registration in India is important as it ensures the safety of food products supplied or manufactured by other establishments. It is basically the food safety certificate issued by the respective food authority (FSSAI) of India. What is meant by FSSAI License and Registration? FSSAI stands for Food Safety and Standards Authority of India. The […]

Do you want to Choose an LLP? Know more about this!

There are various forms of business present in the market to start with. However, the latest and beneficial among them are LLP (Limited Liability Partnership). LLPs are a flexible legal entity which allows partners to benefit from economies of scale by way of working together, reducing their liability for the actions of other partners. Being […]

Is it easy to maintain Annual Compliance for LLP? Let us know in detail!

Limited liability partnership is a type of entity having features of a partnership firm and a company. Their partner manages the LLP and it is a separate legal entity from its partners. The incorporation process of LLP is easy and it does not require much annual compliance for LLPs, hence, LLP registration are preferred by […]

What are the Different ways to claim the TDS Refund Online? Here’s what you need to Know!

The individuals who have made financial declarations at a start of the year, which are less than the proof of investment submitted at the end of a year, will be eligible for a TDS refund. If a projected investment declared at a beginning of the year is less than actual investment made at the end […]

Government Issues Directions for Interest Waiver on Loan to Borrowers

In a festival gift to borrowers, the Government has notified a Scheme for grant of ex-gratia payment of difference between compound interest & simple interest for 6 months of loans up to Rs 2 crore for borrowers in specified accounts from 1 March, 2020 to 31 August, 2020. The Supreme Court has directed further to […]

Now Long Term Capital Gains Tax does not apply to indirect transfer of Indian Assets

The Delhi bench of (ITAT) Income Tax Appellate Tribunal has ruled that long term capital gains tax will be not imposed on an indirect transfer of Indian assets. This matter came up with the sale of Singapore-based Accelyst startup Augustus Capital PTE Ltd to Jasper Infotech Pvt Ltd (JIPL) in a Financial Year 2016. The […]

What are the Required Documents for LLP Registration in India?

Limited Liability Partnership is considered a business that is formed with the combination of company and the partnership firm. LLP consists of all the benefits and characteristics of the private limited company, however it can be operated flexibly just like the normal partnership firm. Compliances are less in LLP as compared to a company, although […]

Pay TDS Online with E-Payment Tax- TDS Challan ITNS 281

In year 2004, a manual process of collection of taxes was replaced by an OLTAS (Online Tax Accounting System). It was introduced with the intention to minimize human intervention and reducing errors and also facilitating online transmission of all details of tax collected, deposited, refunded etc. OLTAS issues the single copy of Challan and enables […]

Income Tax Department has Released New Tax Audit utility Schema Version under Form 3CD

The Income Tax Department has notified Form 3CD Schema Changes under e-Filing Project released by New Tax Audit utility, Schema Version under Form 3CD. The Form 3CD consists of a statement of particulars required to be furnished under section 44AB of the Income tax Act[1]. The department released a document which tracked various the changes […]

What is Tax Deducted at Source & TDS certificate?

Tax Deducted at Source forms a major part of direct taxation mechanism applicable to various heads of an income to collect taxes at the very source, i.e., at a time of payout. The TDS deducted right at the source helps to check the tax evasion and also relieves the taxpayer from a burden of paying […]

What is TDS Payment Due Date through Challan?

Taxes must be deducted at the rates specified in the relevant provisions of Income Act or First Schedule to the Finance Act. The concept of TDS was introduced with an aim to collect tax from the very source of income. TDS means tax deduction at source while the TCS means tax collected at source. One […]

DHC has Allowed GSP Power System to file Revised Returns under DVAT

DVAT Act is made to consolidate and amend the law related to levy of tax on sale of goods, transfer of right to use goods, transfer of property involved in execution of works contracts, and entry of motor vehicles by way of introducing a value added tax regime and file revised returns under DVAT in […]

Is Professional Tax Salary Deduction a Special Tax? Let’s Understand in Depth!

Professional tax is a type of special tax levied by respective state governments on an individual who makes a living by any profession or occupation. Additionally, one must not take Professional tax for its word meaning that only professionals need to pay this tax. Instead, it includes the tax that someone has to pay because […]