Shop & Establishment License has to be taken by every shop and establishment within 30 days of commencement of business. This license is issued by Labour department of State Government. As this is such a basic license, many other licenses require this as proof of a commercial business. For example, most banks will require you […]
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Limited Liability Partnership (LLP) or LLP registration is a newer form of business which is a mixture of a company and a partnership firm. While it has benefits and characteristics of a private limited company, it can be operated flexibly just like a normal partnership. Compliances are lesser in LLP as compared to a company,
Proprietorship firm registration in Jharkhand A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work ‘alone’—it is
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A Section 8 Company is named after the Section 8 of the Companies Act, 2013. The segment applies to the fuse of a relationship for advancing business, religion, workmanship and culture, training, philanthropy, inquire about, science, sports, social welfare, ecological security or some other beneficent goal; , gave that any conceivable earned benefits may be
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Secretarial Audit is compliance audit, it is a part of total compliance management in an organization. The Secretarial Audit is an effective tool for corporate compliance management. The Secretarial Audit is an audit where the Secretarial Auditor expresses an opinion as to whether there subsist appropriate systems and processes in the company proportionate with the
Under the Indian Income Tax Act of 1961, income tax must be deducted at source as per the provisions of the Income Tax Act, 1961. Any payment covered under these provisions shall be paid after deducting a prescribed percentage of income tax. It is managed by the [Central Board for Direct Taxes] (CBDT) and is
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Profession tax is levied and collected by the Commercial Taxes Department of State Governments, in some states by particular Municipal Corporations and majority of the Indian states are collecting this tax. Profession tax is the tax levied and collected by the state governments in India. It is a indirect tax. Professional Tax Applicability Applicability of
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Trust registration in Jharkhand. Trust is registered and governed by the Indian Trust Act. In simple word, it is a financial vehicle which transfers property from its owner to a trust for the lawful purpose. In India, some societies are registered as a public trust. Often, you’ll even hear of the wealthy creating private trusts;
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Trade license in Jharkhand. Process, cost, checklists and other details. Trade License is a certificate/document which grants the permission to carry on a particular trade or business for which it is issued. It does not confer ownership of property or permission for any other activity other than for which it is issued. Categories of trade
Provident fund registration is another name for pension fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is mandatory for organizations with total employee strength more than 20. Documents required for PF Registration Any business that wishes to apply for PF needs to submit the following
