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Various advantages for owners upon registering their startup

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  Various advantages for owners upon registering their startup Start-up culture has turned out to be a revolution. The first step that is emphasized for the start-ups is to fulfill the start-up registration proce ss . There are many benefits of startup registration that make things significant for the owners, as discussed below. Advantage of creating a profile Simply upon creating a profile (a part of the registration process), a start-up can go for applying different types of incubator programs, acceleration programs, mentorships, etc. At the same time, it provides access to a range of resources, like the schemes under the government for the startups, bringing policies of state, including pro-bono services.        Advantages through DPIIT Recognition Start-ups often have to avail the DPIIT Recognition through the start-up registration process. Obtaining it provides them several benefits, like access to top-notch intellectual property resources and ser...

What is Trademark Status and How to check it online?

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  Trademark status  basically defines the state of trademark application through the course of its processing. How to check Trademark Status Online? One can check trademark status online   by following the below steps. Steps: ·  First of all, log on to the below website http://ipindiaonline.gov.in/eregister/eregister.aspx ·  You can find the first option as ‘Trade Mark Application/Registered Mark’ at the left of the page. A couple of options appear but click on IRDI Number among these. ·  Provide the trademark application number and captcha code correctly, and then tap on ‘View.’ ·  After clicking ‘View,’ one can easily get to know about the application status. It is important for the applicant to understand the meaning of different terms used for defining the status. Basically, the applicants come across with below terms defining status of their application. New application It means that the application has been received recently. It has to be gone th...

Income Tax department identifies undisclosed payment of over Rs 160 cr from an Andhra firm

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  The Income Tax Department recognized an undisclosed payment of over Rs 160 crore. It happened after it assaulted an Andhra Pradesh-based organization occupied with financing and appropriation of movies and some different organizations. The CBDT said this on Thursday. Ventures directed on January 28 at 21 areas in Andhra Pradesh and Telangana against the Eluru-based organization. The main highlights of the case The significant highlight of the hunting activity is capturing an incredibly massive measure of money and gold. These have been captured in mofussil stations like Rajamahendravaram and Eluru, as per the Central Board of Direct Taxes.  Over the span of inquiry activity, transcribed books, arrangements and free sheets portraying undisclosed money transaction are seizing," according to statements. Reports again added Rs 14.26 crore money, bullion, and silver; gold ornaments, etc., esteem at Rs 3.42 crore are charge. The outcome of the inquiry Altogether, the inquiry has b...

GST officers detain 4 in 3 diverse cases of ITC scam of Rs 178 crore

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GST officers recently detain four persons in three different fake invoicing cases. And the cases involve a total input tax credit scam of INR 178 crore. The finance ministry on this Monday has reported about this scam. As per the reports, the authorities of the Central Goods and Services Tax comissionerate have unveiled a network of a fabricated organization that generates fake invoices. Yes! You are reading it right. The Delhi CGST team catches a group that made good fewer invoices and passed on fake ITC to many beneficiaries. However, there was a total of four individuals detained. All four are from three different cases of scams. The thing that will astonish you is the total amount of ITC involving in these three cases is INR 178 crore. And the ministry itself declares it in a statement. In one of the cases, four non-reality organizations created by the main culprits. And they were passing on ITC of INR 54 crore primarily to 14 other organizations. However, the main culprits caught ...

Tax on EPF interest: In what way will TDS be deducted?

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  The income tax department clearly indicates that the interest that you earn from your provident fund would also be taxed like fixed deposit interest. However, if your interest income is below INR 2.5 lakh, then you don’t have to pay tax for it. In brief Budget 2021 brings a great sigh of relief to the income taxpayers. This is because; the income tax rates and slabs are still the same. There is no change in rates and slabs. However, there is a change introduced in this year’s budget. And that is the taxation of the interest earned from the Employee’s provident fund. Further, the government also clearly states that the tax will only be applicable if your interest income is more than INR 2.5 lakh. However, there is a lot more to be clarified by the finance ministry. It includes how the tax will deduct, what would be the interest rates, and many more. What part of the Employee’s provident fund is taxable? Well, coming back to the core of the topic, many readers must have a common do...

Explore the Top Startup Sectors that will Witness Growth Post the Pandemic Situation

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  Explore the Top Startup Sectors that will Witness Growth Post the Pandemic Situation Businesses around the globe witnessed drastic changes due to the outbreak of the Covid-19 pandemic. While many businesses came to a halt, there are several startup sectors that were greatly benefitted. Moreover, the ease of  startup registration online  helped in giving shape to innovative ideas and transforming dreams into reality. Here are some of the top startup sectors that will experience growth in the post-pandemic situation. ·  Ed-Tech The online learning trend is most likely to observe the maximum surge in demand post-Covid-19 era. While parents are still hesitant to send their children to school, tutoring and online education startups will help in meeting the learning needs of students. It will enable the students to gain knowledge and enhance skills in the safety of their homes.     ·  Fintech Startups The need for contactless financial solutions will ...

MSME Udyog Aadhaar eligibility and requisite documents

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  MSME Udyog Aadhaar eligibility and requisite documents Prior to going for  MSME Udyog aadhaar registration , it is important to be aware of eligibility criteria. However, the eligibility criterion depends upon the scale at which the business operates. Those with proprietorship business can be eligible for it. Similarly, Pvt Ltd Company, LLPs, Public Limited Company, and co-operative societies can also apply for this registration. Apart from this, Hindu Undivided Family (HUF) and one-person company (OPC) can also obtain this registration. Businesses operating with the association of one person or under someone’s undertaking can also register under this.       One can do  MSME registration online  upon visiting udyogaadhaar.gov.in. Micro Enterprises: Micro Enterprises up for  MSME Udyog aadhaar registration   should not cross above 15 lakh INR investment. Specifically, they should not cross this investment amount on plants and machinery...