The primary purpose of the PAN is to bring a universal identification to all financial transactions and to prevent tax evasion by keeping track of monetary transactions, especially those of high-net-worth individuals who can impact the economy.

Tax Deduction & Collection Account Number (TAN) is a 10-digit alpha-numeric number allotted by Income Tax Department to person who is required to deduct or collect income tax of any other person.

TAN is required to be quoted in all TDS/TCS returns, all TDS/TCS payment challan and all TDS/TCS certificates to be issued.

GST is the biggest tax reform in India in recent time. It has been introduced by Government to subsume a number of taxes which was levied by state and central government on goods and services. It is a destination-based consumption tax.

Every shop or commercial establishment is required to get itself registered with the labour department of the state government.

The shops or commercial establishment which are required to get registered under Shops and Establishment Act differs from state to state as every state has its own Act in this respect.

MSME is priority sector for Government of India, Government of India offers various scheme and benefits to MSME’s. Further banks also offer priority loan at low rate of interest to these units.

To avail benefits/ schemes offered by Government or other Agencies to MSME, one should be registered as MSME unit with Government of India.

Professional Tax is a tax which is levied by some state on the income earned by professionals and salaried employees.

Trademark is a registering your ‘brand’ or ‘logo’ with the Registrar of Trademarks for restricting any other person to use the same.

It distinguishes your product from your competitor’s product and thereby creates a standing of your product in the market. Trademark is an intangible asset for your business and also protects your brand.

FSSAI is Food Safety and Standards Authority of India. Any person starting any food business is mandatorily required to get FSSAI License.

The First step towards starting business is opening a bank account. After demonetization and introduction of stringent controls over black money, no business can be started without opening a bank account.

In India all government and private banks provide the facility of opening a bank account. However due to complex regulatory requirement it often become a tedious task to open a bank account.

Each company or the management have the different vision and style of working, therefore to achieve the objective and to get the same vision and style follow at all levels of hierarchy policies are drafted.

Policies ensures smooth flow of all day to day operations, therefore, drafting of company policies plays a very important role in setting up of business.

For a company to go big it’s very important to have an effective internal control system and that could be achieved through efficient processes.

A good process not only achieve internal control but also help in increasing efficiencies, reduction of waste, stop revenue leakages and enhancing of company image.

Business environment has become more complex and disputes are prone to arise in each and every business transaction.

Agreements are required for resolving disputes between stakeholders and record these complex transactions. Further, Agreements are required to safeguard interest of parties and enforce it to other party if other party escape from its liability.