Retrospective Effect POCSO Act
Introduction to the Protection of Children from Sexual Offences (POCSO) Act The Protection of Children from Sexual Offences (POCSO) Act was originally enacted in 2012 and was enforced on 14th November. It aims to provide comprehensive protection to children from sexual assault, sexual harassment, and pornography. It establishes a legal framework that prioritizes the well-being […]
Understanding Cheque Bounce Notice under Section 138 of the Negotiable Instruments Act (NIA)
Introduction: In the world of business and commerce, the use of cheques as a mode of payment is quite common. They are considered a reliable and convenient way to transfer funds. However, cheque dishonour, commonly known as cheque bounce, is uncommon. A returned unpaid cheque due to insufficient funds or other reasons can severely impact […]
Presumptive Taxation Scheme under Section 44AD, 44ADA and 44AE of the Indian Income Tax Act
Introduction: The Presumptive Taxation Scheme under Sections 44AD, 44ADA, and 44AE of the Indian Income Tax Act provides a simplified method for calculating and paying taxes for specific categories of taxpayers. This scheme primarily aims at small businesses and professionals needing help maintaining detailed accounting records. Section 44AD: This provision applies to small businesses engaged […]
Simplifying the Process of MSME Registration
In a significant stride towards fostering social development and bolstering the Indian economy, Nitin Gadkari, the driving force behind the Ministry of Micro, Small & Medium Enterprises (MSMEs), has introduced a game-changing approach to streamline the registration of MSMEs. The process, which is designed to be efficient and accessible, is poised to unlock new avenues […]
Making Your Import-Export Business Seamless with ICEGATE
In the dynamic landscape of international trade, a streamlined and efficient customs clearance process can make all the difference for import-export businesses. The Customs Department of India has introduced an innovative solution to enhance the ease of doing business and bolster the country’s export competitiveness – the Indian Customs Electronic Data Interchange Gateway, commonly known […]
What is a Franchise Agreement?
A specific agreement granting permission to utilise a franchisor’s exclusive knowledge, operational methods and Intellectual Property Rights is known as Franchise Agreement. Legal drafting and this arrangement empowers the business to offer products or services using the franchisor’s brand name. In return, the franchisee pays the franchisor an initial fee and recurring fees which could […]
10 Common Mistakes to Avoid When Filing GST Returns in India
Introduction: Goods and Services Tax (GST) is a comprehensive indirect tax introduced in India to streamline the taxation system. Filing GST returns accurately and timely is crucial for businesses to comply with the law and avoid penalties. However, many taxpayers make common errors that can lead to unnecessary complications and financial liabilities. In this article, […]
Employees’ State Insurance Corporation
An Introduction to the ESIC Registration Scheme The government-operated organization, Employees State Insurance Corporation (ESIC), works to manage the Employees’ State Insurance Scheme. The said Scheme of the government of India provides medical and financial assistance to the employees registered through ESIC registration. In case the employee is unable to work due to sickness, employment […]
Registration of a Society in India
Society Registration acts as the backbone of various charitable initiatives and aims at solving social issues and encouraging public good. These registration help in running military orphan funds, museums and co-operative societies. Thus, making sure that there operations is within legal boundaries and adhere to particular rules. These laws provide a framework for the societies […]
Right to Information- A not so commonly used Right
Introduction Empowering Citizens through the Right to Information (RTI) The Right to Information (RTI) is a fundamental right granted to Indian citizens, allowing them to access information from public authorities. It empowers ordinary citizens to hold the government accountable and promotes transparency in the functioning of government bodies. Despite being a significant tool for ensuring […]
