Year: 2023

ROC stands for “Registrar of Companies. “It is a statutory body in India that is responsible for regulating and maintaining the database of companies registered under the Companies Act, 2013”. The ROC is responsible for ensuring compliance with various provisions of the Act, such as:- 1. Registration of companies 2. Maintenance of statutory registers 3. […]

Decoding Section 148 of the Income Tax Act, 1961 When we talk about Income Tax Assessment, Section 148 of the Income Tax Act 1961 is one of the section which comes to our mind that deals with the issuance of a notice by the Assessing Officer (AO) to the taxpayers whose income is deemed to […]

Non-Disclosure Agreement Non-Disclosure Agreement- A Non-Disclosure Agreement (NDA) is a valid contract that establishes a confidential relationship between two or more parties, where one or every parties agree to keep certain information shared between them confidential. NDAs are commonly used in business settings to protect sensitive information such as trade secrets, intellectual property, and confidential […]

Key Takeaways from RBI Monetary Policy Committee Meet 2023 RBI’s Monetary Policy Committee (MPC) lead by RBI Governor Sh. Shaktikanta Das on Thursday announced the monetary policy statement of Reserve Bank of India. MPC has unanimously decided to keep the repo rate, its key lending rate, unchanged at 6.50 per cent. Here are the key […]

How can Senior Citizens avoid TDS on Fixed Deposits? What is FD? • FD refers to the fixed deposit in which you deposit a large sum of money with your bank for a specified period in exchange for a set interest rate. • Fixed deposit is the safest and most preferred investment option because it […]

Still looking around accounting services in Delhi NCR or elsewhere, to understand what to take care of when registering for GST? To those who are not yet aware of what GST means, it stands for Goods and Services Tax, a tax imposed on the sale of goods and services. It is levied on the value […]

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) revealed the UPI-PayNow linkage. It is a real-time payment system connection between India’s Unified Payments Interface (UPI) and its corresponding network of Singapore, PayNow. It will make it easier for residents of India and Singapore to send money across borders quickly. What […]

An improvised version for small value payments When e-payment systems were not there earlier, the transaction procedure could have been more extensive and manageable. National Payments Corporation of India (NPCI) developed Unified Payments Interface (UPI) for instant transactions to facilitate the payment system. UPI marked a revolution in digital payments. Nowadays, people are afraid to […]

How to Claim Tax Benefits on Premiums for Multi-year Health Plans Instead of looking at health insurance as an investment instrument with returns, one should get it to protect their resources in the case of unforeseen circumstances. Health insurance is now strictly required and not simply a luxury due to the escalating cost of healthcare. […]