The firm M/s M.B. YARAGA & CO. is a proprietary concern where I, Mallikarjuna B Yaraga proprietor.
I am a Chartered accountant qualified in 2016. I started my career assosiated with Umapathi Desai and Co Chartered Accountants. where I worked in various departments starting from Internal Audit, Budgeting, Costing and accounts.
Having gained experience in working in a Manufacturing organization for three years manufacturing unit to set up the entire accounting systems in the factory and co-ordinate with Sales Tax, Customs and Excise authorities and bankers in establishing and running the manufacturing unit.
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Read MoreA Shop and Establishment License in India is mandatory while establishing a shop, hotel, theatre, public amusement, or any commercial place. Documents required for the Incorporation Certificate, registration under Shop and Establishment Act. ·The licenses are important for shop and establishment registration.
Most of the business operations in India such as shops, restaurants, cafes, and so on are regulated as per the provisions of the Shop act license. However, the rules and regulations may be different from state to state, the aim of this act is to provide a proper working environment and conditions to the workers and taking care of their wages, rights and holidays.
MSME Registration is the new process for registering MSME (micro, small and medium enterprises) launched by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. The Ministry had also revised the definition of MSMEs from the same date. An enterprise for this process is known as Udyam, and its Registration Process is known as Udyam Registration. A permanent registration number along with a recognition certificate will be issued after Registration.
Profession Tax is levied by State Governments in India. We are covering the details of Karnataka Tax on Profession, Trade, Callings and Employment Act, 1976 (Call it as PT Act). We at KLN & Associates - Chartered Accountants, Bangalore help the entities to obtain new registration, amendment of existing registrations, filing of monthly and annual returns, etc. Our team is well versed with Profession Tax matters. In case, you need these services, we would be glad to assist you.
Employee Provident Fund (EPF) is a scheme that offers retirement benefits to all the salaried employees irrespective of working in Government or Public or Private Sector organizations. The term, “employee” includes the range starting from experienced professionals to Security Guards, Housekeeping, etc. However, an apprentice, intern, and a migrating employee are excluded from the ambit of the EPF Scheme. EPF registration is regulated and administered by the EPFO (Employee Provident Fund Organization).
Employee State Insurance (ESI) is governed by the ESI Act, 1948, a self-financing social security scheme and health insurance plan for the Indian workers. ESIC manages the fund required as per the rules and regulations set by the Act. It is an autonomous corporation managed by Employees State Insurance Corporation (ESIC) under the Ministry of Labour and Employment.
Software Technology Park of India (STPI), an autonomous society under the Ministry of Communication and Information Technology, Dept. of Electronics and Information Technology, Govt. of India has been set up with a distinct focus to boost up Software export from the country. STPI is constantly working with an objective to implement STP/EHTP scheme formulated by Govt. of India, to set up and manage infrastructural facilities.
There is a tax levied on the severance pay proposed to the laid-off employees, and certain options would be made for them to claim the income tax exemptions/relief. The below-mentioned options are available for those employees who are finding tax exemptions on severance payments under the income tax rules.
The TDS idea was introduced with the intention of collecting tax at the source of revenue itself. Tax filing is a time-consuming process that is subject to unavoidable mistakes. The TDS returns and statements must be accurate. However, the Income Tax Department has introduced a procedure for submitting revised TDS return "correction returns/statements" in order to correct any error in the original returns or statements.The mistakes can be informational, computational, or human errors. In this article we are going to talk about the types of mistakes in TDS Return and the corrections which can be done.
The taxpayer is an NRI and has the business of furnishing the services provides by the plant and machinery on hire for the mineral oils extraction.