1. Introduction to 12A and 80G Registration Non-profit organizations play a crucial role in societal development by addressing various social, economic, and environmental issues. To support such organizations and incentivize donations, the Indian government has introduced provisions like Sections 12A and 80G under the Income Tax Act, 1961. These sections provide tax benefits to donors…
GST Applicable on Rent: Understanding the Tax Implications In India, the Goods and Services Tax (GST) has simplified the taxation system. However, many individuals and businesses still have queries regarding its application on rent. This comprehensive guide aims to provide clarity on GST implications for rent payments, along with FAQs to address common concerns. Introduction…
GST for Sole Proprietorship: Understanding Taxation for Single-Owned Businesses Introduction to GST for Sole Proprietorship Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It has replaced many indirect taxes that were previously imposed by the Central and State governments. GST has simplified the taxation…
Brand vs. Trademark: Understanding the Key Differences In the realm of business, terms like “Brand” and “Trademark” are often used interchangeably. However, they represent distinct aspects of a company’s identity and legal protection. Let’s delve into the nuances of each concept to understand their differences and significance. 1. Definition and Scope 2. Legal Protection 3.…
Conditions for Registration of Trademark: A Comprehensive Guide Introduction Trademark Registration is a crucial step for protecting intellectual property. Learn about the conditions for registering a trademark in this guide. FAQs Q1: Can I register a common word as a trademark? A: No, common words that describe the product or service are generally not eligible…