What is Food license or FSSAI?

FSSAI stands for the Food Safety and Standards Authority of India. It is an autonomous body established under the Ministry of Health & Family Welfare, Government of India. FSSAI is responsible for regulating and supervising the safety of food products to ensure they meet the standards of qua

What is DSC or Digital Signature?

DSC stand for “Digital Signature Certificate” it’s like a virtual stamp that you can use to prove who you are when you're doing things online, like signing documents or making transactions. It's a way to make sure that your online activities are secure and legally valid. Just like a physic

UTILISATION OF INPUT TAX CREDIT

RULE 1: Credit can be utilized to pay off the liabilities in the following manner:(a) IGST input tax credit shall first be utilized towards payment of IGST liability and the amount remaining, if any, may be utilized towards the payment of CGST, SGST/UTGST liabilities in any order, before utilizi

KINDS OF BANK ACCOUNTS IN INDIA

In India, there are several types of bank accounts, each designed to cater to the diverse financial needs of individuals and businesses. The common types of bank accounts in India include: Savings Account: A basic account meant for regular savings. It usually offers interest on

Benefit of Income Tax filing

Filing income tax returns in India offers several benefits, both for individuals and the government. Here are some of the key advantages of filing income tax returns in India:1. Legal Compliance: Filing income tax returns is a legal obligation in India if your income exceeds the specified threshold.

ITRs were filed till May 28 for AY 2023-24, Latest updates and data

Written by Gagandeep Arora As many as 14,65,641 ITRs were filed till May 28 for AY 2023-24, according to data on the Income Tax e-filing website. Of these, over 12 lakh ITRs have been verified and the tax department has processed 3834 returns. Till the end of April 2023, there were more than 11 cr

What Happens If I Die Without a Will?

Though many people not only ask this question and worry about its answers, according to AARP 60 per cent of the population dies without a will (intestate). No matter whether you are a young adult or a retiree, taking the risk of dying without a will is not a good plan. Understandably, no matter what