E-Way Bill is an electronic way bill for the movement of goods that can be generated on the E-Way Bill Portal. Goods of more than RS 50,000 (Single Invoice, bill/delivery challan) in value in a vehicle cannot be made by a registered person without an E-Way bill.
Appointment of a director in a company.
Small companies enjoy some benefits when compared to regular companies. This blog post discusses various benefits small companies enjoy per the Companies Act, 2013.
An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an NRO account is a bank account opened in India in the name of an NRI, to manage the income earned by him in India. These incomes include rent, dividends, pension, interest, etc.
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A Sole proprietorship is an enterprise owned exclusively by one natural person and in which there is no legal distinction between the owner and the business entity. The entrepreneur exercises his activity without having created a distinct legal person
A limited liability partnership (LLP) is a partnership in which some or all partners have limited responsibility. Hence, it can display the characteristics of both partnerships and corporations. In an LLP, no partner is responsible or liable for the negligence of another.
A permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any "person" who generally applies for it. PAN enables the department to link all transactions of the "person" with the department
Section 80TTA allows a deduction for taxpayers from the interest income earned from the deposits available in a savings bank account (not being a time deposit). While Section 80TTB allows a deduction for taxpayers from the interest income earned from any bank deposits, including fixed deposits.
