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Showing posts from October, 2023

Why is forming an Indian subsidiary not as tough as you think?

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Introduction India is a country that attracts a lot of private equity and foreign direct investment (FDI) due to its rapid expansion. India has the second-largest population in the world and a wealth of skilled IT workers, which makes it an appealing destination for investment from foreign businesses and individuals. This article will explain why establishing an Indian subsidiary is not as tough as you may believe. In this article, we will also include information on What is an Indian Subsidiary? It is discussed how important it is to have an Indian subsidiary and what paperwork needs to be done to get one. What do you mean by Indian Subsidiary Company? An Indian subsidiary is a business whose interests are controlled or owned by another organization. The connection between the holding company and subsidiary company can be determined by looking at the preference share capital and paid-up equity share capital of the subsidiary company. It could be wholly or partially owned by another fi

Difference Between PAN Card and TAN Number

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  Introduction An individual must understand the key differences between Tax Account Deduction Number (TAN) and Permanent Account Number (PAN) Card before starting a business. Any business owner should be very familiar with these three-letter terms because they will help you understand the compliance requirements when starting a company in India or engaging in any financial activity to making money from it. So in this blog, we will learn the difference between a PAN Card and a TAN Number in India. What is the TAN Number? Tax Deducted Account Number or a TAN, is an important consideration in setting up a business and hiring employees. The TAN is a number provided to employers or individuals who must subtract taxes from business payments in accordance with the Income Tax Act. A business that deducts taxes at source (TDS) and does not have a valid TAN will be subject to legal penalties. It is the duty of a company to file TDS returns on a quarterly basis after obtaining a TAN. What is a P

VAT Strategies for Business Growth & Optimization in India

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Introduction Value-added tax (VAT) is a consumption tax that is levied on the value added to goods and services at each stage of production and distribution. VAT strategies are essential for businesses to optimize their tax strategy and ensure business growth. In this article, we will discuss the VAT strategies for business growth and optimization. What is Value Added Tax (VAT)? Value Added Tax, commonly known as VAT, is an indirect tax levied at multiple stages of the supply chain. It is collected by businesses on behalf of the government and is ultimately borne by the end consumer. The VAT is an important source of revenue for the government and serves as a replacement for the erstwhile sales tax system. With a well-structured VAT system, businesses can enhance their tax planning strategies. What are the VAT Strategies for Business Growth & Optimization in India? The following are the VAT strategies for business growth & optimization in India: Tax Planning Tax planning is the

All you need to know about Form CHG-1 for Registering a Charge

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  Introduction The act of filing a charge provides security and enables the charge holder to collect the claim amount from the security that the company has charged in the charge holder’s favor in the event that the charge holder defaults on the loan. In this blog, we will discuss the form to be filed to register a charge, which is eForm CHG-1 for  company registration . What is a charge? According to Section 2(16) of the Companies Act of 2013, a “Charge” is any interest or lien placed as security on a company’s assets, real estate, or any of its projects, and it may consist of a mortgage. What is Form CHG-1? Every company must submit details to the relevant Registrar of Companies within a given time frame in order to register charges that are created or updated. The charge can be made against a variety of assets located in India or elsewhere, and it can be made in favor of lenders like banks or financial institutions. The charge must be submitted in eForm CHG-1 to the relevant ROC. Wh

Why is digital transformation required for sales alignment and marketing?

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  Introduction The public’s attention has been raised, and more sales have resulted from marketing techniques for digital transformation. Digital marketing uses audio, graphics, and engaging content to draw in customers. In this article, we will talk about “Why Digital Transformation for Marketing and Sales Alignment Is Required?”. What is Digital Transformation for Companies? Finding a common definition for digital transformation can be challenging because it is going to look different for every company. In general, we define digital transformation as the integration of digital technology into every area of an organization, resulting in significant shifts in how businesses function and give value to their customers. In addition, it’s a culture transformation that requires businesses to experiment regularly, challenge the existing quo, and accept failure. This occasionally includes doing away with established business practices that served as the foundation for businesses in favor of m

What are the steps to copyright a speech or words internationally?

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  Introduction In a digital age where words hold immense power and value, protecting your speech and written content is crucial. Copyrighting your work internationally is a vital step in safeguarding your intellectual property. But how do you navigate the complex words of international copyright law and ensure your words remain your own? In this blog, we will discuss copyright protection on speech and words. What is Copyright? Copyright is a legal concept that grants exclusive rights to the creators of original works. These rights prevent others from using or reproducing the work without permission. In essence, copyright safeguards your intellectual property. The copyright act in most countries is similar in principle. However, the specifics can vary from one nation to another. In the United States, for instance, copyright protection is automatic as soon as a work is created and fixed in a tangible form. The author doesn’t have to register the work for it to be protected. Registration,