Cancelled Cheque – How to Write, Purpose, Leaf and Example
In today’s post, I will show what a cancelled cheque is and how to cancel a cheque? A cheque is a kind of slip that the bank provides to the bank account holder and agrees to pay a specific amount from the bank account. There are three parties to a cheque are: Drawer of the cheque: The person who signs the cheque or orders the bank to pay a specified sum of amount through a cheque is known as the drawer. Drawee of the cheque: The bank which is ordered to pay the specified amount as per the cheque is
Read moreHow To Get An Amul Franchise in India?
The several upcoming flourishing businesses and the increased purchasing power have brought forward newer opportunities, including small-scale franchisees. This attractive avenue for business involves giant industries and brands bringing their business to the streets through small business owners. Among the many companies doing this, the dairy giant Amul has also developed various opportunities for young entrepreneurs. Amul full form is (Anand Milk Union Limited) was founded in 1946 through the efforts of Tribhuvandas Patel. Getting an Amul franchise is quite simple. Individuals who have a sense of entrepreneurship and a small capital base can directly apply for the franchise. If
Read moreWhat Exactly is Tan And How Can It Help You?
A Tax Collection Account Number, commonly known as TAN, is a ten-digit unique number provided in India to individuals who remain bound by the Indian Income Tax Act of 1961 to reduce or collect the taxes on the amount paid by them. The tax deducted at source or indirect taxes of India on cash payments by assessments gets placed under TAN. This allows assessing who obtained the funds to claim the tax deducted at source in their overall revenue for their yearly tax returns. The Indian Income Tax Law requires using a designated form (Form 49B) to apply for TAN
Read moreWhat is Professional Tax – Different Tax Slab Rates and How it is Calculated
Since it is included on their payslips/form 16, many salaried employees are likely to be familiar with the term ‘professional tax.’ However, they may or may not understand what it is and why it appears on their payslips/form 16 as a deduction from their salary income. As a result, the goal of this website is to explain what “Professional Tax” is, why it is deducted, and whether it is entirely borne by the salaried class. What is professional tax? Professional tax, like the name suggests, is a tax imposed primarily on professions. It’s a direct tax and is placed on
Read moreWhat is The Best Way to Start A Gym Business In India?
According to Smergers, the Indian fitness business is valued at Rs. 4,500 crores and is growing at a pace of 16-18 percent each year. With the growing popularity of fitness, it’s worth noting that opening a commercial gym, even with a business loan online or MSME loan online, is a potential prospect for anyone with an entrepreneurial spirit. In the country, gyms have long been popular. This blog includes all the information needed on how to start a gym business in India and make it into a lucrative business in the long term for anyone considering a gym startup, including
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