As per Section 139 (A) (i) of the Act, the following persons are eligible to apply for a PAN in India: Every person whose total income during the year exceeds the maximum amount which is not chargeable to tax; or Every person who is being assessed on behalf of another where such person’s total income during the year exceeds the maximum amount which is not chargeable to tax; or A charitable trust who is required to furnish return under Section 139(4A) of the Income Tax Act, 1964; or Every person who is carrying on any business or profession whose total sale, turnover, or gross receipts are or are likely to exceed Rs. 5,00,000 in any financial year; Every person who intends to enter into specified financial transactions as mentioned below in which quoting of PAN is mandatory: Opening up of a bank account; or Application for issuance of a debit/ credit card; or Opening of a Demat account with a depository, participant, custodian of securities, or any other person registered with the Securities Exchange Board of India; or Payment in cash of an amount exceeding Rs. 50,000 to a hotel or restaurant against the bill at any one time; or Payment in cash of an amount exceeding Rs. 50,000 in connection with travel to any foreign country or payment for the purchase of any foreign currency at any one time; or Payment of an amount exceeding Rs. 50,000 to a Mutual Fund for purchase of its units; or to a company or an institution for acquiring debentures or bonds issued by it or to the Reserve Bank of India for acquiring bonds issued by it; or Deposits of cash exceeding Rs. 50,000 during any one day with a banking company or a cooperative bank; or Sale or purchase, by any person, of shares of a company not listed in a recognized stock exchange for an amount exceeding Rs. 1,00,000 per transaction or any immovable property for an amount exceeding Rs. 10,00,000 or valued by stamp valuation authority referred to in Section 50C of the Income Tax Act, 1964 at an amount exceeding Rs. 10,00,000; or Sale or purchase of goods or services of any nature other than those specified above for an amount exceeding Rs. 2,00,000 per transaction; or Purchase or sale of any motor vehicle except two-wheeled vehicles.

Property tax is a direct tax levied by the State Government through municipal/civic bodies in their State.

The Department of Information Technology implemented the Bihar RTPS under the Government of Bihar through Service Plus, which is the delivery and grievance redressal software framework of the National Informatics Centre (NIC), Government of India.

What are the accounts that are governed by the Golden Rules?

Though it’s just some clicks away, still applicants should be aware of the terms & conditions entangled with brand registration in India.

So let us now have a look into the Startup India Scheme.

Police Clearance Certificate (PCC) is allocated to Indian Passport holders when they apply for these purposes - residential status, visa for a long term, employment, or immigration.

The State Government levies the professional tax on the income of the professionals.

Provision of the Companies Act, 2013 governing the Director’s Remuneration: Section 197 provides the details in regards to the director’s remuneration.

Some other examples before the incorporation of the business operation are as follows: Any government and court-related fees Professional fees of the lawyers, Chartered Accountants, etc.