Payslip Checklist

Checklist for Payslips After creating your employees’ salary slips using the simple Salary Slip Format, you need to make sure nothing has been forgotten. In order to avoid making mistakes, you should follow a payslip checklist. This will ensure no information has been missed out and save everyone time and stress. Download our free payroll checklist template below to ensure everything is covered. Make sure your leave is accrued Despite not being a legal requirement, some companies include employee leave accrual on their payslips. Checking employee leave accrual is a common mistake. If you’re going to do so, be sure […]

Farmer Producer Company Registration Process Online – India

The term producer refers to anyone who has an interest in an industry that is relevant to or close to the primary production. Thus, the term “Producer Company” is used to catch all of the items listed below under the umbrella term. This may include the following activities: gathering, purchasing, sorting, pooling, managing, promoting, reselling, selling the local producers of membership, or importing products or services. What are the aims of a producer company? A farmer producer company registration process is primarily concerned with its members’ output, which is a primary focus of its activities. The committee may engage in […]

GST Introducing in Jammu & Kashmir: What to expect?

Introduction GST is finally here in Jammu & Kashmir, and there are a few things to keep in mind. The most important thing to keep in mind is that the Goods and Services Tax (GST) will apply to both physical and digital items. This means that you’ll have to start getting used to the new system—and it won’t be easy. If you don’t have time or the inclination to learn about GST, we recommend checking out our guide on how to shop online with gst registration in jammu and kashmir. What is GST? The Goods and Services Tax is a […]

What Is Voluntary Winding Up of Company?

Companies were wound up under the Companies Act, 2013 before the Insolvency & Bankruptcy Code, 2016, (IBC, 2016). Regardless of the facts and circumstances of the case, companies can be wound up under either the Companies Act, 2013 or the Insolvency & Bankruptcy Code, 2016. Winding up of a Company Companies are wound up when their life is ended and their assets are sold and then distributed among creditors and shareholders by their administrator. Modes of winding up of a Company As far as winding up a company is concerned, there are two ways in which you can do this […]

Features about public companies

Its shares are offered to the general public by a Public Limited Company (PLC). Anyone can purchase its stock, either privately through an initial public offering (IPO) or publicly through stock trades. The financial health of PLCs must be disclosed to shareholders in strict compliance with regulations. Shareholders and the public will be held more accountable as a result. Features of public companies: According to the Companies Act, 2013, public limited companies must have at least three directors, and there is no limit on the number of directors. Shareholders of a public limited company are limited in their liability. The […]

Exemption and Taxability of Leave Encashment

As per labour law, every salaried employee is entitled to a minimum number of paid holidays. Employees do not have to use all their annual leave entitlements. Unused paid leaves can usually be carried forward by employers. When the employee retires or resigns, he or she will invariably have an unutilised leave balance. Unutilised paid leave must be compensated by the employer. Leave encashment is the term used to describe this concept. Encashment of accumulated leave during service and retirement or resignation encashment of accumulated leave during service. As part of ‘income from salary’, any leave encashed during service is […]

VPF in India: The Tax Benefits to Foreign Investors!

Introduction If you’re looking to invest in the Indian economy, VPF is a great place to start. With low corporate tax rates and a wealth of resources at your disposal, VPF has everything you need to make sure your investment pays off. In this article we’ll explore some of the most important benefits of investing in India through VPF. Let us know more about What is VPF- Voluntary Provident Fund Benefits in this Blog. The Tax Benefits to Foreign Investors in VPF VPF is a type of foreign investment that is currently being offered by some Indian companies. VPF allows […]

GST applied on laptops in India –What to know before you buy!

Introduction:- The Indian government has introduced a new tax on laptops and accessories, known as the Goods and Services Tax (GST). This new tax will apply to all sales of laptops and accessories in India, whether they are made in India or exported to India. The GST on Laptops, which will be added to the price of the products sold in India. The goal of the GST is to reduce the amount of investment that firms make in products that are not likely to be used or consumed by Indian consumers. If you’re planning to buy a laptop in India, […]

Registration Guide For Small Scale Company in India

The Registration Process for Small Scale Company:- In order to start a small-scale business in India, you will need to register with the relevant government body. There are a few different registration processes available, but the most common and straightforward process is the online application form. Once you have filled out the online form and submitted it to the appropriate authorities, they will review your application and send you a confirmation notice. You will then have 7 days to respond to the confirmation notice and lodge any necessary documentation. After responding to the confirmation notice, you will again have 7 days […]