The EPF was established by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Government. It states that every organization having 20 or more permanent employees across different departments working, should compulsorily register with the EPFO. In the case of an organization which employs less than 20 employees or meet certain […]
Eligibility of Input Tax Credit (ITC) on Prepaid Expenses Introduction: – Section 16 of CGST Act 2017 provides that every registered person shall be entitled to take Input Tax Credit of tax paid on input and input service, subject to such conditions and restrictions as may be prescribed. Section 16(2) of CGST Act 2017 provides […]
Who doesn’t like discounts or some sale offers? Everyone likes them. And that’s the reason why various stores and dealers offer you goods at discounted prices or with some amazing offers. This in turn, helps them to increase their sales and create a strong customer base. These are generally referred to as “Promotional schemes”. But […]
NBFC stands for Non-Banking Financial Company and is registered under the Companies Act, 2013 and managed by RBI with activities very similar to the bank except for some major differences. NBFC is known to provide financial support and services to businesses and individuals. One of the principal objectives of a Non-Banking Financial Company is to […]
In a layman’s language, Employee Stock Option Plan (ESOP) is an option given as a right and not an obligation to the employees of the Company to purchase the Company’s shares at a fixed price during a specified period of time. We can say that ESOP drives benefit to the both the Company and the […]
