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Showing posts from February, 2023
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  Tax Exemptions Available To Startups In India A 3-year tax break that lasts between 7 and 10 years (Section 80IAC Tax Exemption): Tax holiday of 3 years for between 7 and 10 years (Section 80IAC Tax Exemption) Startups that were formed between April 1st, 2016 between April 1, 2016, and March 31, 2021, were eligible for the tax holiday.   The budget for 2021 has been extended until 30 March 2022.   Startups can claim an unlimited tax-free deduction for three years of a seven-year block provided that the annual profits do never exceed Rs.25 crores for any fiscal year.   This will allow new entrepreneurs to meet their operating requirements in their first year of being in operation. Tax exemptions on long-term capital gain: The new Section 54 of the EE has been included in the Income Tax Act, 1961 so that entrepreneurs who are eligible can deduct tax on interest earned over a long period of time if the is a long-term benefit, or a part of it is put into a fund that is announced
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Difference Between Digital Signature vs Digital Certificate This article gives an overview of the differences between a  Features of a Digital Signature Integrity of Messages In the process of signing and verification algorithms, the integrity of the message is maintained through the hash function. Message Authentication Authentication of the message is performed using the sender's public keys. When X transmits an email to Y. Its public key X is utilized by Y to verify the message. The keys that are public to X aren't able to make the same signature as Z's private keys. Nonrepudiation of Message Non-repudiation guarantees that the sender of a message will not deny the validity of any previous messages, promises, or actions. What is a digital certificate? Imagine the digital certificate as a type of identification card, similar to a driving license or passport.   Certificates issued digitally are provided by an authorized party.   If someone asks for an el
  Can one person start a Pvt. Ltd. Co. in India? The company can be established in India by putting in a minimal sum of money. There isn't a set amount, and investors of the business that is being formed can decide the amount of capital they would like to contribute. In establishing the structure for the capital of the business Here are a few of the principles to keep in mind.
Can the registrar of companies reject the name of the company? Some Reasons Behind Company Name Rejection In India The use of offensive words such as Central, Union, National Federal, and so on. The name of the business or organization is not approved by the Ministry. Therefore, it is the MCA (Ministry of Corporate Affairs) will disapprove of the names that contain such terms. The use of terms like India, Bharat, Corporation, International, Asiatic, etc. These keywords will only be permitted if the size and size of the business warrant the usage of these terms. Therefore the MCA will refuse to grant the Name using these words when the size or scope of the activity is deemed to be tiny.