Praveen Agrawal And Associates

Introduction The Employees Provident Fund (EPF) scheme, initiated by the government, is a crucial measure to safeguard employees’ financial futures post-retirement. EPF registration becomes mandatory for companies surpassing a specified employee count threshold. This article outlines the significance of EPF registration, its procedural aspects, and requisite documentation. Importance of Employees Provident Fund (EPF) Account An…

In India, obtaining a Tax Deduction Account Number (TAN) is imperative for businesses. Issued by the Income Tax Department, this unique identifier is designated for individuals or entities responsible for tax deduction or collection at the source. It must be included in all TDS returns and other income tax-related documents, with penalties for non-compliance. IndiaFilings…

The terms ‘Search’ and ‘Seizure’ have not been defined in the Income-tax Act. The word ‘Search’ has varied meanings and it should be given the general meaning ‘to look for’ or ‘seek’ which are well known meanings attributable to the word”. “Seizure is an expression which implies a forcible exaction or taking possession from either…

Distressed assets refer to financial instruments or properties that are under significant financial or operational distress, usually due to their inability to meet financial obligations. These assets typically belong to companies facing bankruptcy, default, or severe financial hardship. The primary characteristic of distressed assets is that they are sold at a significantly lower value than…