Registering a One-Person Company (OPC) is Favoured among entrepreneurs who desire limited liability and a distinct legal identity. OPC is a unique business structure that permits a single person to function as a company, giving them the benefits of limited liability while retaining complete control. In an OPC, the individual serves as both the director […]
Press Release of 55th GST council meeting Recommendations of the 55th GST Council Meeting The 55th GST Council meeting, chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, was held on December 21, 2024, in Jaisalmer, Rajasthan. The meeting was attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief […]
Union Finance Minister Holds Pre-Budget Consultation in Jaisalmer Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired a pre-budget consultation meeting with Finance Ministers of States and Union Territories (with legislatures) in Jaisalmer, Rajasthan, on 20th December 2024. The discussions focused on suggestions for the upcoming Union Budget 2025-26, emphasizing enhanced collaboration between the Centre […]
A number of banks have revised their fixed deposit (FD) interest rates in December 2024. This is a significant development since FDs are some of the most popular investment options in India, with a large number of people putting a significant portion of their savings into them. This is primarily due to the fixed and […]
The Finance Act 2023 inserted Section 43B(h), which stipulates that any sum owed to Micro and Small enterprises for goods supplied or services given may be deducted in the same year if it is paid within the deadline stipulated by the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. This amendment aims to address the issue of working capital scarcity in […]
Amendment to Section 200(3): Timeline for Filing Correction Statement the Finance Act (No. 2), 2024, introduced a crucial amendment to Section 200(3) of the Income-tax Act, affecting the timelines for filing correction statements related to tax deducted at source (TDS) or tax collected at source (TCS). This change seeks to streamline the correction process and […]
Are you an experienced professional in the field of accounting and taxation, ready to advance your career with a reputed and dynamic firm? Here’s your chance to shine! We’re on the lookout for skilled individuals to join our esteemed team at Singh and Associates. About the Opportunity: We are thrilled to announce a vacancy for […]
If you’re in your 20s, you may think that financial planning is something you can put off until later in life. However, the reality is that the earlier you start developing sound financial strategies, the more successful you’ll be in achieving your goals and building wealth. In this article, we’ll go over some key financial […]
In a development that may encourage increased investment in commercial real estate, the Supreme Court granted the industry relief on Thursday by permitting the application of input tax credits (ITC) on construction expenses for commercial buildings meant for leasing. “If the construction of a building was essential for carrying out the activity of supplying services, […]
A trademark serves as a valuable asset for businesses, safeguarding their identity and ensuring brand recognition. However, during the process of registering a trademark, the application may face objections from the Trademark Registrar. Trademark objection does not mean rejection—it’s an opportunity to defend and explain your application. Let’s dive into what trademark objection is, why […]
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