During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh company incorporations as compared to 1.55 Lakh companies during FY 2020-21. The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The incorporations during FY 2021-22 are …
As part of the Aatma nirbhar Bharat Initiative, Ministry of Food Processing Industries is implementing a Centrally Sponsored PM Formalization of Micro food processing Enterprises (PMFME) Scheme for providing financial, technical and business support for setting up/ up gradation of 2 lakh micro food processing enterprises through credit linked grant during five years from 2020-21 …
Following measures have been taken for promotion of Micro, Small and Medium Enterprises (MSMEs) in defence production sector:- Cases with Acceptance of Necessity (AoN) cost < Rs 100 Crores are reserved for MSMEs, provided there are at least two or more MSMEs eligible to participate in the category. In order to encourage startups/MSMEs, procurement cases …
The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to corresponding period from April, 2019 to December, 2019 in the Financial Year 2019-20 (till 31-12-2019) has actually increased by about 21% as is evident from the following details: This was stated by …
Document Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus …
As a measure which directly benefits Startups & Innovators in the country, especially those who are supplying products & services on e-commerce platforms, and in order to bring in more unincorporated businesses into the organized corporate sector, the incorporation of One Person Companies (OPCs) is being incentivized by amending the Companies (Incorporation) Rules to allow …
With the implementation of GST, 2017 saw a complete change in the way we used to pay our taxes. Scroll down for more details on how the government of India gets it money and pick the trend you want to see: personal income tax, corporate taxes, service tax, excise or customs duties. SOURCES OF REVENUE …
Document The good news for millions of taxpayers who have given declarations under the Vivad Se Vishwas scheme, and want to add some changes or improvements or something to it. The IT department has given answers to all such questions in its new FAQs set. You also understand. If you have given the Declaration under …
PAN card is currently the main instrument for financial transactions. PAN is use like a ID card. If you work in organized sector then it is necessary to have PAN card to get salary. It is a 10 digit alphanumeric number that everyone wants to understand. You will also have a PAN card, in which …
Document Most of us think about tax saving when it comes time to file income tax returns. In this also, we cannot think further than the relaxation of 1.5 lakh rupees only available under section 80C. The limit of 1.5 lakh rupees is fulfilled by including ELSS, life insurance, school fees, etc., after this we …