Two types of taxes are levied in India, a direct tax, which is levied directly on the income of a person, and an indirect tax, which is levied indirectly. An example of direct tax is income tax, and an example of indirect tax is Goods and Services Tax, or service tax. Income tax is payable…
What is Professional Tax?
Professional Tax – What is Professional Tax? Rates & Compliance The term ‘professional tax’ would have been mentioned on the payslips/Form 16 issued to salaried employees, so they might already be very familiar with it. There are those who may not understand what it is and why it is listed as a deduction on their…
Process of Foreign Direct Investment in India
How does Foreign Direct Investment work? Investments from other countries (foreign countries) are made in a country’s business by investors from that country. Such investors can be individuals, corporations, or firms. Generally, the investor will acquire assets of the business or establish operations to acquire a controlling interest in the business in a foreign country….
The Future of Online Shopping in India: The Scope of eCommerce
E-commerce can be defined as the act of purchasing and selling goods online or through the internet. Before we talk about the future and scope of e-commerce in India, let’s get a basic understanding of what it means. In simple terms, e-commerce is the act of purchasing and selling goods online. In addition to images…
Starting a Sustainable Agriculture Business
As defined by the Sustainable Agriculture Research and Education (SARE) program, sustainable agriculture involves using innovative strategies to produce and distribute agricultural products. Long-term profitability: Economic Sustainability: Protecting the air, land, and water of the country Agricultural quality of life: farmer, rancher, and community quality of life Agricultural practices that are sustainable are different from…