Leave Travel Allowance (LTA) serves as a pivotal component of employee compensation, offering tax benefits. Essentially, it involves remuneration provided by employers to facilitate employee travel within the country during periods of leave, whether with family or alone. LTA is a tax-free allowance, exempted under...
In the realm of business, trademarks play a pivotal role, offering exclusive rights to employ specific shapes, symbols, and colors on goods associated with a particular enterprise. The process of securing a trademark necessitates meticulous planning and execution, especially in India, where approval from the...
In the realm of corporate finance, comprehending the disparity between authorized capital and paid-up share capital is essential. When companies opt to raise funds through share issuance, they delineate their capital structure in financial statements, which often includes these two terms. While confusion may arise...
The IT sector in India has undergone substantial transformation with the introduction of the Goods and Services Tax (GST) regime. Prior to GST, the taxation system in India was convoluted, burdened with multiple taxes, intricate compliance requirements, and tax cascading issues. However, with the implementation...
The Food Safety and Standards Authority of India (FSSAI) enforces regulations governing food businesses in accordance with the FSSAI Act 2006. It is imperative for individuals involved in food-related enterprises to acquire an FSSAI license. Renewing the FSSAI license is of equal significance as obtaining...
In contemporary corporate governance, Secretarial Audit emerges as a crucial mechanism for evaluating compliance with a spectrum of legislative frameworks, including the Companies Act and related economic laws. This audit entails an independent evaluation by a certified professional, typically a member of the Institute of...
Ever pondered upon how companies utilize their accumulated profits or respond when their share prices surge? Frequently, they opt to distribute bonus shares to existing shareholders based on their current shareholdings. These bonus shares are extra shares provided by a company to its current shareholders...
Companies rely on various financial mechanisms to sustain their operations successfully. Shareholders, as stakeholders, play a pivotal role in providing funds for the company's activities. In return, they expect a share of the company's profits, known as dividends. Shareholders, being the owners of the company,...
In the realm of corporate finance, dividends play a crucial role in shaping investor sentiment and rewarding shareholders for their investment in a company's equity. Unlike debt, where companies borrow capital, equity financing entails a commitment to sharing profits with shareholders through dividends. These dividends...
The tonnage taxation scheme is a notable mechanism applicable to shipping companies, offering a unique approach to taxation based on the net tonnage of operational vessels. Unlike conventional tax methods, tonnage tax is structured to assess taxable income, considering the size (net tonnage) of ships...
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