Read on to know all about Section 80IAC Act, the benefits and eligibility criteria to claim tax benefits under this section in detail. What is Section 80 IAC Act? The Section 80-IAC of the Income-tax Act,1961, was introduced on April 1, 2017 in India. According to this section, any startup making a profit is entitled to 100% tax deductions for
Introduction Payroll management is the process of overseeing the payment of wages and salaries to employees within an organization. It encompasses various tasks, including calculating employee earnings, withholding taxes, and distributing payments accurately and on time. Effective payroll management, including Payroll Services In Chennai, is crucial for maintaining employee satisfaction, ensuring regulatory compliance, and fostering smooth operations within the organization.
The government and the Income tax Act of India have permitted tax exemptions on donations made to any charitable organization under Section 80G in order to further this charitable cause. The purpose of this act is to provide tax advantages to people and businesses in exchange for their charitable contributions. Read on to know more about the section in detail!
In today’s increasingly complex business environment, staying compliant with Goods and Services Tax (GST) regulations is essential for businesses to thrive and avoid legal pitfalls. While some businesses may attempt to manage their GST obligations in-house, the intricacies of tax laws and frequent updates can pose significant challenges. This is where professional GST services come into play, offering businesses the
In the culinary landscape, where flavors tantalize and aromas beckon, there exists a fundamental necessity beyond taste: trust. Trust that the food we consume is not only delicious but also safe and compliant with stringent regulatory standards. At the heart of this trust lies the Food Safety and Standards Authority of India (FSSAI) registration—a badge of assurance that resonates from
In the bustling landscape of business, where competition is fierce and opportunities are abundant, the journey to success often begins with formal recognition. For Micro, Small, and Medium Enterprises (MSMEs), obtaining official registration marks a pivotal milestone not only in legal compliance but also in unlocking a plethora of benefits and opportunities. In this comprehensive exploration, we delve into the
In the thriving business ecosystem across various regions, GST registration is a pivotal requirement for small businesses seeking to navigate the regulatory landscape and unlock growth opportunities. While mandatory thresholds exist, voluntary GST registration in Chennai offers strategic advantages for businesses. This article delves into the benefits and considerations of voluntary GST registration, highlighting its importance for small businesses in
What is ESI? The Employees State Insurance Scheme, or ESI, is a type of insurance that employees can utilise to help them through sickness and other ailments during employment. It is a contributing fund under the ESI Act of India, 1948, and is regulated by the Employee State Insurance Corporation. Both the employer and employee’s contributions go into this fund,
Employee’s State Insurance Corporation (ESIC), an Indian government body, offers financial security to workers in many professions. It provides the employees’ families with economic and healthcare benefits. The employees must register under the ESIC system to get these benefits. If done correctly, registering under ESIC is a simple process. Here is all the information you want to know about the
Companies that sell organic food are growing in popularity as consumers’ concerns about the environment and their own health get higher. But entrepreneurs need to know the legal and regulatory requirements before starting an organic food business. In this blog, we have included all the information you need to start an organic business in India! What is an organic food