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Benefits available to trusts in India

Benefits available to trusts in India

According to the Indian Trust Act of 1882, in a trust, the person who owns the property is the “settler/ author of the trust.” The person who accepts the confidence and manages the trust is the “trustee.” The person who gains the benefits of the trust is the “beneficiary.” Trusts help in reducing taxation on incomes or capital. Trusts are...

What are the benefits under the Startup India Initiative

What are the benefits under the Startup India Initiative

Startup India is an initiative taken by the government of India, launched on 16 January 2016. The Prime Minister of India, Shri. Narendra Modi had announced about the campaign for the first time during his speech on 15 August 2015. The scheme aims at providing support to entrepreneurs. The main objective of this initiative includes building a strong eco-system to...

How to register an NGO in India

How to register an NGO in India

Non-Government-Organizations (NGOs) are institutes independent of the government which is created to serve the downcast, marginalized, or those in need. They are closely connected to non-profit-organizations as they utilize their funds to uplift the downtrodden and restore balance. They include institutes that are funded to accomplish social and environmental justice. It extends from human care to the needs of animals...

Registration of Trusts

Registration of Trusts

Hello, hope many of you are familiar with the terms trusts? If not, don’t worry, we will introduce them through this article, and we will make you understand the basics functionalities and the actions performed by trusts. Trusts come under non-profit organizations as they are designed for a common cause for the betterment of society. The activities are not restricted...

woman in sportswear

Smart Tips on Shopping Fitness Gear and Accessories!

Which is your better motivation to work out – the new, stylish and vibrant fitness gear or the perfect figure and physique that you want to achieve? You will agree that your primary motivation is the comfy-fit new gym gear that you want to flaunt. Then as you flaunt the stunning trendy outfit, you feel awkward about the bulges and...

How to form a Partnership firm in India?

How to form a Partnership firm in India?

A partnership is a type of business where two or more people engage in the activities and take up the responsibility to manage the company and bear the business’s income or losses. There can be a maximum of 50 partners in a firm. Partnerships are a common form of business arrangement in India. It is easy to set-up a partnership...

10 tips for women riding motorcycles

If you are one of those women planning to set out on your motorcycle, then you are not alone. More and more women are now hitting the streets on their two-wheeled machines. There are about 7 million women motorcycle riders making up more than a quarter of all riders. Over the years, it has been observed that women have a...

How to save your Income Tax in India – Deductions from Taxable Income

How to save your Income Tax in India – Deductions from Taxable Income

Looking for some Tax Planning? Do you wish to save your income tax? There are many options available for an individual to reduce his tax burden. Most of them are investment options while some are expenses deductible, which forms part of daily life. They are termed as “Deductions from Gross Total Income” under Chapter VI A of the Income Tax...

Which are the Blocked Credits under GST in India?

Which are the Blocked Credits under GST in India?

GST is the good and services tax. It is an indirect tax that came into effect in India on 1st July 2017. Under GST, Input Tax Credit/ITC is the credit that one can claim on GST after paying for goods and services. You can use these goods and services for further business. ITC is the backbone of GST as it...

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