Category: Blog

Tally is a widely used accounting software in India and worldwide, renowned for its user-friendly interface and robust features. One of the essential functionalities of Tally is the ability to make changes to a company that has already been created. Our dedicated expert team from FileWithCA provides a detailed, step-by-step guide on how to make changes to a created company in Tally, ensuring that you can manage your accounting data accurately and efficiently. Understanding the Basics of Tally Before diving into the process of making changes to a company in Tally,…

Section 44D of the Income Tax Act, 1961, focuses on the taxation of foreign companies or non-residents earning income in India from royalties or technical services. This section is relevant for entities that are involved in the transfer of technology or providing technical expertise to Indian businesses. The income covered under this section is taxed on a gross basis, making it a crucial area of concern for multinational companies. This article explores the provisions of Section 44D, including the rates applicable, exemptions, and its relationship with other sections of the Income…

The Goods and Services Tax (GST) system in India has brought a unified tax structure for goods and services, making it easier to manage and implement. Among the various items that fall under the GST purview, scrap materials are crucial for many industries, especially manufacturing, recycling, and waste management. Scrap materials refer to unused or leftover goods that still hold value and are sold for recycling or reuse. This article delves into the GST rates on the sale of scrap materials and the HSN codes applicable to different types of scrap…

The appointment of an auditor is a crucial element for any company under the Companies Act, 2013 in India. Auditors are vital as they review and verify the company’s financial statements, ensuring accuracy and compliance with various statutory and regulatory requirements. Section 139 of the Companies Act, 2013, lays down the procedures and rules for the appointment, reappointment, and rotation of auditors. Understanding these provisions is essential for maintaining the integrity of financial reporting in companies. This article will explore in detail the appointment of auditors as prescribed by Section 139…

With the ever-evolving tax regulations in India, businesses dealing in footwear, especially those made of rubber and plastics, must stay updated on Goods and Services Tax (GST) rates and the Harmonized System of Nomenclature (HSN) codes. Footwear, being an essential commodity, is subject to specific tax rates depending on its material, price, and classification. This article aims to provide a detailed overview of GST rates and HSN codes for footwear made of rubber and plastics for 2024-25, along with actionable insights. We will also explore how these changes impact businesses and…

Taxation may be rocket science with its jargons and labyrinthine clauses. Yet, a proper understanding of critical sections of the Income Tax Act can make all the difference in strategizing your tax planning. We will discuss three important sections of the Indian Income Tax Act, namely, Section 111A, Section 112A, and Section 112- dealing with capital gains taxation. These sections are significant for all investors who are dealing in stocks, mutual funds, and all other forms of capital assets. So we break down their provisions and draw out all the latest…

In India, trademark registration is managed by the Office of the Controller General of Patents, Designs, and Trademarks (CGPDTM), under the Ministry of Commerce and Industry. Various entities can apply for trademark registration online to protect their brands and ensure that their logos, slogans, or product names are not legally used without their consent. Here’s who can apply: Documents Required for Trademark Registration Online in India The documents required for trademark registration vary depending on the type of applicant: For Individuals/Sole Proprietors For Companies/LLPs For Trusts/Societies For Joint Owners For Foreign…

When it comes to protecting intellectual property, conducting a trademark search is a crucial preliminary step. This search not only helps ensure that your proposed mark does not infringe on existing trademarks but also increases the likelihood of approval during the registration process. Let’s know more about the types of trademark searches and their importance, and then explore a specific instance known as Trademark IP Salem Public. Types of Trademark Searches The Importance of Trademark Searches Conducting these searches is vital for several reasons: Trademark IP Salem Public Assuming “Trademark IP…

Registering a trademark is a crucial step for protecting your brand’s identity. It secures your legal rights over your brand name, logo, or slogan and ensures that no other entity can use them without your permission. In this guide, we’ll walk you through the process of registering a trademark online, followed by a detailed overview of all trademark classes. Step-by-Step Guide to Online Trademark Registration Step 1: Trademark Search Before you apply for a trademark, perform a comprehensive search to ensure that the trademark you intend to register is not already…

Acquiring a liquor license in Uttar Pradesh is a crucial step for businesses that intend to sell or manufacture alcoholic beverages. The process involves several stages, including preparation, documentation, and adherence to specific regulatory requirements set by the Uttar Pradesh Excise Department. Here’s a detailed guide on how to get a liquor license in this region. Understanding the Types of Liquor Licenses Before applying, it’s important to understand the different types of liquor licenses available in Uttar Pradesh: Each license type has specific criteria and application processes, tailored to different business…