Section 43B of the Income Tax Act is an important provision which deals with various types of expenses allowed as deduction. It lays down the conditions for claiming deductions for certain expe...

People are always looking for ways to pay less income tax and there are numerous ways to accomplish this. Everyone wants to save more money and build a strong financial future that can support ...

Independent director refers to a director who is not connected or related to the company in anyway and acts only to protect the interest of the members who cannot look after their interests the...

As business grows, the financial data becomes more and more difficult to handle in spreadsheets because it is time-consuming, prone to errors and confusing. With growth, there is a need for a s...

Payroll is a process of paying your employees. However, it also includes choosing a payroll schedule, calculating salaries, wages and taxes, and making sure everything is completed accurately a...

An LLC that has been revoked or administratively dissolved must be granted active status in order to be reinstated. Incorporating an LLC (Limited Liability Company) is recommended if the compan...

There are many different types of business entities, and the term "company" refers to a group that has acquired the distinction of being a separate legal entity. The founder of a company has an...

The Income Tax Act of India governs the taxation of income earned by individuals, companies and other entities. Section 194F is one of the sections of the Act, which deals with tax deduction (T...

Franchising is a good option for individuals who want to set up their business idea in the food service sector. If such an individual is operating under the umbrella of a popular brand, you can...