Section 115BAC of the Income Tax Act: New Tax Regime Deductions Allowed, Exemption List & Benefits

by Parul Bohral on 2024-11-26

The Indian Income Tax Act has witnessed critical amendments as Section 115BAC was brought into the Finance Act 2020. The section has provided individual taxpayers and Hindu Undivided Families (HFU) with an alternative to a new tax regime, which allows these to be charged at reduced rates of tax.

Annual filings

CDSCO Form 27 for Blood Bank Licensing in India

by Parul Bohral on 2024-11-26

CDSCO is a national regulatory body for pharmaceuticals as well as medical devices in India. Form 27 is the most important application form issued for obtaining or getting the renewal of licenses required to be made functional in a blood bank.

Business Certifications

Factory License Renewal Process

by Parul Bohral on 2024-11-26

Factory License Renewal is one of the compliance requirements for manufacturers operating in India. Factories Act 1948, has legally brought a compulsory licensable pre-requisite under which any factory must acquire its license before it can commence operations, as well as ensure that high standards of safety and health are there in place for its workers.

Business License

The Essential Guide to Partnership Firm Registration

by Mahek Sancheti on 2024-11-25

Partnership firm registration is the legal process of formally recognizing a partnership business, ensuring it operates within the legal framework, and benefits from legal protections and credibility. It gives legal recognition, credibility, and protection to the rights of partners. It facilitates smooth operation, aids in getting loans, and ensures smooth transitions.

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