Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by…
Have you ever wondered what a company does with its accumulated earnings or when its shares price goes up? Often it issues bonus shares to its existing shareholders based on the shares owned by them. Such shares are additional shares that a company provides to its current shareholders without any additional cost. These are the…
Depreciation means a reduction in the real value of tangible used by the assessee in the course of business or profession. Depreciation can be claimed as a deduction by the assessee for investing in assets like furniture, plant & machinery or other such tangible assets, for the previous year. The concept of depreciation was introduced…
At the time when all the ITRs be filed in physical mode than the role of identifying the ITR form for the specific income of the taxpayer was a very important and a technical task. But now in the era of technology, this work is done by the software’s and no one requires to apply…
A Secretarial Audit is an audit to examine the compliances of various legislations including the Companies Act and other cooperative and economic laws applicable to the company. The Secretarial Audit is an audit where the Secretarial Auditor expresses an opinion as to whether there subsist appropriate systems and processes in the company proportionate with the…
Table of Content: Introduction Who requires Renewal of Food License? What are the types of Renewal of Food License? Importance of Renewal of Food license What is the validity and renewal period for FSSAI License? What is the online Procedure for FSSAI Food License Renewal? Offline Procedure for FSSAI License Renewal What are the documents…
Non-Governmental organizations are autonomous organization that neither form part of a government nor was originated by any state. Therefore, it is free from government involvement. These organizations are set up or initiated by group of individual or citizens across the globe who intend to serve their members or others in several ways for their betterment….
IT industry is one of the sectors which is impacted by the implementation of GST in India. Prior to the GST regime, the tax system in India was complicated because of multiple taxes, many compliance obligations, and tax cascading. In GST regime, the complicated system converted into a simpler tax regime, especially for the IT…
Companies issue shares for many purpose like for expansion of their business, for paying off liabilities of company. And all the companies who issue share for raising funds needs to show capital structure and classify the share capital structure in their financial statements. Many people have confusion and not able to differentiate the term authorized…
The GST effect the market for several commodities, including gold, to a great extent. Gold & silver are one of the few items that attract different GST rates at different levels, right from purchasing to manufacturing. As a result, GST on gold & Silver applies to both on the supply of the precious metal as…