Any person, being a buyer who is responsible for paying any sum to any resident (seller) for purchase of any goods of the value or aggregate of such value exceeding 50 lakh rupees in any…

Introduction: In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS).  This package is…

Objectives The Scheme proposes to incentivize employers, registered with EPFO, for giving employment to new employees and re-employing persons from low wage bracket (<15000) who lost their jobs during COVID-19 pandemic. Validity of Scheme Benefit…

Key Highlights of the Union Budget 2021-22 This year’s budget lays focus on the six pillars for reviving the economy. Health & Wellbeing Physical & Financial Capital and Infrastructure Inclusive Development for Aspirational India Reinvigorating…

Income Tax Proposals The ‘tax audit limit’ under Section 44AB has been increased from Rs.5 crores to Rs.10 crores where 95% of business transactions are done in digital mode. Delay in remittance of employee share…

Introduction In a world where technology is evolving every day, we need to keep ourselves updated and keep a track of what’s happening around us. Out of all the technologies and management that have grown…

Introduction Currently, employee pay structures in terms of basic pay and allowances are not standardised across organisations. There are multiple ranges of basic pay prevailing. New Wage Code The government has come out with new…

When a group of investors creates a fund to invest in various businesses that are too risky for a bank to provide any loan, they are called a venture capital (VC) firm. VCs normally invest…

90% of Startups in India fail within five years of operations. One of the widely accepted reasons startups fail to continue their operations beyond 5 years is their inability to raise funds which helps them…