Accounting treatment for Bad debt | Professional Utilities
BAD DEBTS WRITTEN OFF Bad debt: The amount which is not recoverable from debtors is called as Bad debt. It is also termed as an Uncollectible amount. Bad debt is…
Industrial Activity Code & Business / Profession Code for Company – LLP Registration: e-Form Spice+ and FiLLip Forms
Industrial Activity Code and Business / Profession code Industrial Activity Code and Business / Profession code are required to be filled in the Spice+ MCA forms for Company Registration and…
Whether GST Registration is required for a medical store run by Charitable Trust?
Under GST law, Section 9 levies a tax on intra-state supply of goods or service or both and the scope of supply is defined in Section-7 which is reproduced hereunder…
Govt. Extends the deadline for e-Filing Forms under the Income Tax Act amid Glitches on Portal
Income Tax India Releases New Due Dates for e-Filing Forms The Central Board of Direct Taxes has extended the date for filing various forms under Income Tax Act, 1961. The…
10 Food Business Ideas with Higher Success Rate in 2021 – Professional Utilities
If you think that the food business only includes the typical dine-in restaurants. Then you should wake up! It is 2021. There are so many new types of food businesses…
DGFT Extended Last Date for IEC Updation/ Modification to 31st August, 2021
DGFT Extended the Date for IEC Renewal to 31 August, 2021 Key Points of the notification: Date for IEC code renewal/ updation extends to 31.08.2021.No fee shall be charged on…
How to Start a Food Business in 5 Simple Steps – Professional Utilities
If you have always wanted to be a part of the food industry, but have been unsure of how to get started, then this article is for you. We will…
Different Types Of Legal Deeds In India And Their Significance
There are various types of deeds with the requirements for each varying by jurisdiction. A deed is generally any legal instrument in writing which passes, affirms, or confirms the interest,…
No Permanent Establishment Declaration from the non-resident payee under DTAA
On the Letter Head of the Payee Date:- To Name of the payer Address of the payer Dear Sir/Ma'am, Re: Declaration for Indian income-tax purpose in relation to the income…
How to Sell and Grow on Amazon in 2021
The Indian E-commerce industry has been on an upward growth trajectory. It is expected to surpass the US to become the second-largest E-commerce market in the world by 2034. The…
Complete Guide to Spice Export Business in India – Professional Utilities
Indian Spices have always been in great demand since the very beginning. Their aroma, spiciness, tanginess, and marvelous quality define the legacy of Indian Spices worldwide. Out of 109 different…
43rd GST Council chaired by Finance Minister Nirmala Sitharaman
43rd GST Council chaired by Finance Minister Nirmala Sitharaman The 43rd GST Council chaired by Finance Minister Nirmala Sitharaman made a Key decisions as follows: GST Exemption to some COVID-19…