A Moratorium Period is a time period during the loan span when the borrower is not compelled to make any repayment. However, it is a waiting period before which repayment via EMIs comes into effect. Normally, the repayment commences after the loan is distributed and the repayment of the loan Read more…
A Partnership Firm could be formed by anyone where one or more individual agrees to share the profit earned through the business which is run by all the partners. A Partnership Firm could be either a written or an oral agreement. Also, for the purpose of Income Tax, Partnership Firms Read more…
According to the Goods and Services Tax Act 2017, any business in India with a turnover of 40 Lakhs and above must register for GST. There is a slight change when it comes to the North-eastern and hill states, the turnover threshold for them for GST registration is 20 Lakhs. Read more…
On 13th May 2020, the Prime Minister of our nation Mr. Narendra Modi announced the “Aatmanirbhar Bharat” package which proposes the people of the nation to become ” self-reliant” during this pandemic. Since 13th May, everyone online and offline is busy asking “How many zeroes in 20 Lakh Crore?” More Read more…