Essential Elements of a Partnership Firm in India – 6 Important Rules
Overview: A partnership firm is formed when two or more persons agree to carry on a business and share its
Hiring Fresh Graduates? Apprenticeship, PF, ESI and Employer Compliance
Overview: Finance Minister Nirmala Sitharaman has highlighted the gap between graduate skills and industry requirements, noting that employers often spend
Business Expansion in India: Incorporation, GST Registration and Compliances
Overview: Finance Minister Nirmala Sitharaman recently said that she was seeing companies come forward with fresh investment proposals as consumption
Cash Transaction Rules in India: Limits, Penalties and Compliance
Overview: Income tax law restricts certain cash receipts, loans, repayments and business payments to discourage unaccounted transactions. The applicable limits
SEBI Proposes SME IPO Rule Changes: What Founders Should Review Before Listing
Overview: SEBI has proposed changes to SME IPO eligibility, profitability, investor participation and listing requirements. The proposals include market-capitalisation thresholds
Section 263 & 377 Notice: When Can the PCIT Revise an Assessment Order?
Overview: The Income-tax Act, 1961, gives tax authorities revisionary powers under Section 263. The corresponding provision under the Income-tax Act,
Business Current Account in India: Which Account Suits Your Business Structure?
Overview: A business current account handles customer receipts, supplier payments, payroll and other routine expenses. The right account depends on
Can a New NGO Get Registration Before Starting Activities? ITAT Ruling Explained
Overview: The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, has held that a charitable society’s failure to begin full-scale operations
GIFT IFSC Treasury Centres: Rules, Benefits and Compliance Requirements
Overview: GIFT City’s International Financial Services Centre (IFSC) is attracting businesses seeking to manage funding, investments and currency risks across
LLP vs Partnership Firm in India: Key Differences, Liability and Compliance
Overview: Choosing between a Limited Liability Partnership (LLP) and a Partnership Firm affects how a business operates, manages financial risks
EPFO Amnesty Scheme 2026: PF Trusts Face 28 December Deadline
Overview: The Employees’ Provident Fund Organisation (EPFO) is urging eligible employers to apply under AMNESTY 2026, a one-time scheme for
MSME Export Opportunities: Quality and Cost Key to FTA Benefits
Overview: India’s expanding network of free trade agreements (FTAs) is creating opportunities for micro, small and medium enterprises (MSMEs). However,
Foreign Investment in India: Blackstone Targets $100 Billion in Five Years
Overview: Blackstone aims to increase its investment in India from $50 billion to $100 billion over the next five years.
Income Tax Law: Depreciation Rates for Furniture, Computers, Plant & Machinery
Overview: Businesses invest in furniture, computers, machinery and other assets to run their operations. Indian income-tax law allows eligible businesses
India’s $170 Bn FTA Opportunity: How Exporters & MSMEs Can Benefit from New Markets
Overview: India’s expanding network of free trade agreements (FTAs) could open new markets for exporters, manufacturers and micro, small and
GST Revenue Growth 2026: Wider Tax Base and Better Compliance
Overview: The Centre expects a wider GST tax base and better compliance to drive future revenue growth. Following the September
GST E-Invoicing Expansion: What Businesses Need to Know
Overview: The 57th GST Council meeting on 8th October 2026 recommended extending e-invoicing to imports of services and specified domestic
GST ITC on ICEGATE Challans: Exporters Face Uncertainty
Overview: Exporters may face difficulty claiming input tax credit (ITC) on integrated GST (IGST) paid through ICEGATE challans to regularise
HSN Codes and GST Rates on Coal, Petroleum Products, Bitumen & Tar
Overview: Chapter 27 of the Harmonised System of Nomenclature (HSN) covers coal, petroleum products, mineral oils, tar, bitumen and mineral
GST Registration Limit 2026: ₹10 Lakh, ₹20 Lakh or ₹40 Lakh?
Overview: GST registration in India depends on aggregate turnover, the nature of supplies and the State or Union Territory concerned.
