TRADE UNION red Rubber Stamp over a white background.
09
Sep

Trade Union

Trade Unions are organization of Workers as well as of Employers formed in order to protect and promote the interest and works for the rights of their members. The Trade Unions Act was passed in the year 1926 and gave legal status to the Registered Trade Unions in the country. The present review presents information in respect of Workers and Employers Unions, of Registered Trade Unions submitting ....

Author Name: Omkar
CAG2
07
Sep

Understanding CAG

Comptroller and Auditor General (CAG) of the Supreme Audit Institution of India is appointed by the President of India for tenure of 6 years is the sentinel or warden of the national purse. And the role, function and duties of the Comptroller and Auditor General (CAG) are detailed by an act of the Parliament passed in 1971.The primary duty of CAG is to see that neither the union government nor the....

Author Name: Omkar
MKB2
05
Sep

Mann ki Baat: PM Talking about Teacher’s day, Swach Bharat, GST & More

On August 28, Mann Ki Baat Honorable Prime Minister Shri Narendra Modi addressed the nation and talked about various issues and happening in country. He talked about major issues and problems faced by people in country and how they can be resolved and how the government and people are working together to resolve them and achieve better future and living conditions , he talked about Clean Ganga mis....

Author Name: Higrit
NITI
01
Sep

NITI Aayog- ‘Think Tank’ of the Government of India

Through a resolution of Union Cabinet the ‘National Institution for Transforming India’, also knows as NITI Aayog, was formed on January 1, 2015 as the premier policy ‘Think Tank’ of the Government of India. NITI Aayog provides both directional and policy inputs and also provides relevant technical advice to the Centre and States while designing strategic and long term policies and program....

Author Name: Higrit
Trademark1
31
Aug

Importance of Trademark for Start-ups

A trademark or popularly known as “brand name” in layman’s terms is a visual symbol which could be a word signature, name, device, label, numerals or combination of colors or alphanumeric used by a person’s enterprise on goods or services or other articles of commerce to differentiate and make it stand out distinctively from other similar goods or services originating from a different ente....

Author Name: Higrit
old
30
Aug

Tax Benefits available to Senior Citizen

Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers i.e., a quantum of income up to which they are not liable to pay tax. Senior citizen A resident of the age of 60 years or above but less than 80 year at during the respective years. A senior citizen is granted a higher tax exemption limit compared to non-senior citizens. The exempt....

Author Name: Higrit
TDS2
26
Aug

Tax Deducted at Source-TDS

The Income-tax Act has incorporated a system of deduction of tax at the point of generation of income for quick and efficient collection of taxes. This system is called “Tax Deducted at Source” commonly known as TDS. Under this system, tax is deducted at the point of origination of income. Tax is deducted by the payer and the same is directly paid to the Government by the payer on behalf of th....

Author Name: Higrit
Tax Collector
24
Aug

Tax Collector (TCS)

Every person responsible for collection of tax at source (TCS) is required to obtain TAN i.e., Tax Collection Account Number (TAN). It is a 10 digit alphanumeric number (eg-DELM12345L) where first 3 alphabets of this number represent the jurisdiction code (here DEL for Delhi), 4th alphabet is the initial of the name of the TAN holder. The next 5 digits of TAN are system generated numbers between 0....

Author Name: Omkar
NRI HiGrit
24
Aug

Understanding Non-Resident Indian & their Taxes

Non-Resident Indian is defined as a person who is not a resident and a tests of residency for different taxpayers are involved. To determine taxability of income earned by such a taxpayer, it is necessary to determine residential status of taxpayer. If the taxpayer is a resident of India all his income would be taxable in India, irrespective of the fact that whether the income is earned or has acc....

Author Name: Omkar
trust-tax2
24
Aug

Understanding Trusts and its legal liability

Trusts formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, and exemption. The term “religious purpose” is not defined under the Income-Tax Act but “charitable purpose" is defined as to provide relief to the poor, education, medical relief, preservation of environment (including water....

Author Name: Higrit