It is governed by the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and licensed under the Companies Act, 1956.

The government has come with a way out wherein any business person is not required to go into technical accounting and prompt filing returns.

An income certificate acts as proof of an individual's earnings required to be submitted for receiving various benefits introduced by the government for the welfare of the citizens.

While the payment of taxes can be a little harsh for the taxpayer, the government has made various provisions that allow the taxpayer to claim deductions that eventually reduce taxable income.

The focus of this article is to unfold the Passport Renewal Process in India.

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.

Step Four: Buy e-stamp paper from Stock Holding Corporation of India as per the calculated value in the previous step.

FSSAI stands for Food Safety and Standards Authority of India.

The incorporation of the Company is governed by Section 7 of the Companies Act, and it states that the Registrar issues the incorporation certificate in the format as prescribed under the Act, which shall have a distinct identification number for the company.

On the basis of the TDS certificate, the taxpayer can claim the credit and the refund (if there is any) TDS certificates can be used to check the details of the TDS amount deposited with the Government by comparing it with Form 26AS.

Here a general format of the Rent Agreement India has been provided.

The Caste Certificate is required: To benefit from welfare schemes introduced by the Central Government/State Government such as subsidies.

Service category: Group A/class I service officers of All India Central and State Services (direct recruitment).

  Objective behind RCM In some situations, creating liability on the supplier is not feasible; therefore, the government has reached to way out for this issue with the Reverse Charge (RC) tagline, which is often called 'RCM'.

Before summing up, the writer would like to highlight a pertinent point that encumbrance certificates come under state government domain, usually issued in a regional language only.

The whole arrangement of understanding is governed by a separate statute, i.e., the Indian Trust Act, 1882.

Moving ahead with this notion, the Ministry of Corporate Affairs, India (MCA) has amended some rules in Jan. 2021.

A birth certificate is a vital document that records a person's birth in India.

Eligible for getting government funding or domestic/international grants easily.

  Online Procedure for Application in Assam: The applicant has to visit the official website of the Government of Assam.

  A person is eligible to apply for a domicile certificate in Haryana when they fulfill the following criteria: The person is a resident of India, and The person has permanently resided in Haryana for a continuous period of at least 15 years, or The person’s parents or guardian has resided in Haryana for a continuous period of at least 15 years Mandatory Documents to be Procured: The requisite documents for the domicile certificate application in Haryana are: Proof of birth in the form of a Birth Certificate.

  Eligibility to obtain a domicile certificate in West Bengal:  The individual applying needs to be an Indian citizen.

  Term of Patents in India Patents filed under the provisions of the Indian Patent Act- When a patent holder chooses to file and register their patent under the provisions of the Indian Patent Act, 1970, they are granted protection for a term of twenty years.

  The obligation of compulsory licenses: During certain events, if the patentee, in the eyes of the Government, is not exercising the use of the patent fairly and reasonably, then the Government has the right to authorize the exploitation of the patent by other parties in light of public interest.

Design patents are granted in India under the provisions of the Indian Designs Act.

Professional Tax is not levied only on professionals, indicating people such as doctors or Engineers.

Donations made to trusts registered outside India do not qualify for tax deductions under this section.

Whereas I am the owner of immovable properties in India described in Schedule I hereto.

The Companies Act, 2013 (“Act”) introduced the concept of small companies in India.

The Central Government vide the Central Goods and Service Tax Act, 2017 (“Act”) introduced the Goods and Services Tax (“GST”), which as per the Act is levied on the supply of goods or services or both, in India.

This year the government has extended the due dates of filing income tax returns for the second time due to technical issues with the e-filing portal.

It is a legal document issued by the Department of Revenue, Government of NCT in Delhi.

An Individual resident of India below 60 years of age or by a Hindu Undivided Family (HUF).

In the matter of a mandatory acquisition, the period of acquisition or construction will be defined from the date of permit of payment (whether original or additional compensation) The new residential house should be located in India.

In the case of Mallcom (India) Limited & Anr vs.

 A business recognized by the competent authority as “startup” as per startup India initiative, and 2.

To ensure ease of obtaining protection in other countries, India became a member of the Paris Convention.

The Design Right is an Intellectual Property Right that protects the visible presence. In India, designs are registered and protected by the Designs Act, 2000. The Designs Act, 2000 was introduced on 11th May 2001, repealing the earlier Act of 1911.

As per the Designs Act, 2000 The design includes qualities of an article in terms of: Shape Configuration Pattern Ornament Composition of lines/colors The article can be 2d/3d, or both, and such article has been processed through industrial means  It does not include a mere mechanical device, trademark, property mark as per the Indian penal code, any artistic work as per the copyright act.

The Locarno Classification provides 32 main classes (further divided into subclasses), some of which includes the following: Foodstuffs Brush ware Clothing and haberdashery; Travel goods Textile goods Furnishing Household goods Hardware Packages and containers for the transport Measuring and signaling instruments  Articles of adornment Means of transport and hoisting Electricity Equipment for production/distribution/transformation Communication equipment Lighting apparatus Machines Cinematographic and optical apparatus Musical instruments Office machinery Tobacco and smoker’s supplies Stationery and office equipment  Sale/advertising equipment, signs Games, toys, tents, and sports goods Sanitary/heating/ventilation/air condition equipment  Medical and laboratory equipment Building units and construction elements Pharmaceutical/cosmetic products, toilet articles Accident prevention devices and equipment Articles used for care and handling of animals Machines used preparing for preparation of food/drink Other articles How is Locarno Classification connected to India?

As provided by Section 19 of the Designs Act, 2000, the following grounds must be present in order to apply for cancellation of design registration: The design was registered earlier in India, The design has already been published prior to the date of registration in India/any other country, The design is not original/new, It cannot be registered under this Act, It is not covered under the definition of design under section 2.