Thursday, 23 June 2016

Registration of TM is not mandatory.  If TM is registered it provides a remedy against violation, However, violating a non registered TM  is passing off.  A TM is registered in the following way- STEP 1: An application for registration of TM is filed to the registrar. STEP 2 : After filing application, an application number is allotted. STEP 3: The...

Monday, 20 June 2016

VAT (Value Added Tax) is tax levied on the sale of goods and services when it is ultimately sold to the customers. VAT is levied on the producers and sellers by the Government which is ultimately collected from the customers. It is a multi stage procedure. VAT Registration is mandatory if the turnover of the trader is more than Rs. 10 Lac in Delhi. Procedure for...

Thursday, 2 June 2016

The year of 1991 marked a new beginning of the Indian economy downturn. The earlier rigid model was repealed with the introduction of ‘Globalisation and Privatisation’ in various sectors. The then Finance Ministry, under the leadership of Dr. Manmohan Singh, envisaged the forward-looking step which was approved by the Government under P.V. Narsimha Rao’s leadership. In...
To steer the attention of public away from the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the government has decided to shift its focus from foreign black money to domestic black money in the union budget 2016-2017. However, the idea of bringing back the black money seems turning out to be a mirage. The Act, which came into force...
As per the FDI policy, contained in the ‘Consolidated FDI Policy Circular 2016’, amended from time to time, the decision has been taken to permit 100% Foreign Direct Investment in B2B (Business to Business) e-commerce through automatic route. The Governmental notification for permitting 100% FDI in the market based model of e-commerce has caught many eyes. The decision...

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