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Income tax laws have been relaxed, allowing you to pay in cash for Covid treatment worth Rs 2 lakh or more.

Hospitals, pharmacies, and COVID-19 treatment centres will accept cash payments of more than Rs 2 lakh from patients or their family members until May 31, the government announced on Friday. According to the Central Board of Direct Taxes (CBDT), such entities would be required to obtain the patient’s and payee’s PAN or Aadhaar numbers, as…
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TOP QUESTIONS TO ASK BEFORE APPLYING FOR FSSAI REGISTRATION/LICENSE

Before applying for an FSSAI registration or licence, here are the top 50 questions you should ask yourself. Do you want to start a company in the food industry? It may be catering or home kitchen (or) hotels (or) supermarkets (or) bakeries (or) ice cream parlours (or) juice shops (or) milk companies (or) organic stores,…
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GST and Non-GST Net Indirect Tax Collections Increase by 12% to Rs 10.71 Billion.

Indirect tax revenue (including GST and non-GST) totalled Rs 10.71 lakh crore in FY20, up 12% from real revenue receipts of Rs 9.54 lakh crore the previous fiscal year. Provisional collections account for 108.2 % of the FY21 Revised Estimates of Rs 9.89 lakh crore, according to the finance ministry. As a result of Covid,…
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The common perception of “startup success” is far from reality

Every other day, there’s a hot new startup company in the spotlight, but the fact is that 90% of them are failures If you keep up with digital news, you already know the most discussed topic of today. Everyone is looking for the next big thing, whether it’s due to a need of the hour…
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How Tech Mahindra transitioned from a conventional software services company to a big startup enabler

The country’s fifth-largest IT firm is nurturing in-house startups, incubating external projects, collaborating with technology ecosystems around the world, and aiming to build some serious “deep tech” startups in India. In 2015, Tech Mahindra was one of ten Indian firms named to Forbes Asia’s prestigious “Fab 50” list. It was ranked alongside TCS and HCL,…
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Timesaverz, India’s leading on-demand home services startup, has announced its launch in Chennai.

Timesaverz, a one-stop-shop for home services, revealed today that it has begun operations in Chennai. Along with the vertical expansion in its business segments, the company’s next phase of growth will include expansion into newer markets. The company’s operations were previously only available in Mumbai, Delhi/Gurgaon, Bengaluru, Hyderabad, and Pune. Timesaverz’s founders are targeting a…
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Big Changes by Ministry of Company Affairs from 1st April 2021 to enhance transparency

Schedule III of the Companies Act 2013 contains the general instructions for preparation of the Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA: 1. Now companies have to round off…
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Latest News – 30 March 2021

Latest News – 30 March 2021 Ø India, US agree to revamp strategic energy partnership Ø Adani, Torrent submit EoIs for South-East UP Power Transmission Company Ø Government not inclined to bear loan moratorium costs Ø Solar installations on pace for biggest growth in five years, IHS Markit says Ø CCI’s WhatsApp probe order a…
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SEBI – Amendments approved at SEBI LODR Regulation Board Meeting

BRR – Substitute Business Responsibility Reporting for Business Responsibility and Sustainability Reporting (BRSR). – BRSR reporting to be applicable to the top 1000 listed companies on a voluntary basis for FY 2021-22 and on a mandatory basis from FY 2022-23. Dividend Distribution Policy – Dividend Distribution Policy Formation was extended to the top 1000 listed…
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Latest Updates – 26 March 2021

Ø BPCL divestment process progressing well, with a sale completed by end of September: DIPAM Secy Ø Reliance Retail tells govt e-commerce players to avoid foreign investment norms Ø Focusing on investment from an odd 1,000 foot including Tesla: secy industries Ø Amazon urges India not to change e-commerce investment rules: Sources Ø Edelweiss Yield…
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