Who doesn’t want a well-flourished business? But as they say change is the law of nature and ups and downs are part of every business. Sometimes, there comes a situation when one has to take the big step and step down from being an entrepreneur and close the business. We all know that Company is…

MAT stands for Minimum Alternate Tax. As the name suggest, it means minimum tax that any company needs to pay if other conditions are satisfied. Just like MAT has been introduced for companies, AMT (Alternate Minimum Tax) is brought for certain other entities. In this article we will discuss about MAT Credit Concepts and its…

The Companies (Creation and Maintenance of data bank of Independent Directors) Amendment Rules, 2021, came into existence on 21st June, 2021. It was introduced for the amendment of the 2019 Rules on creation and maintenance of data bank of independent directors. Now as per the amendment, Indian Institute of Corporate Affairs (The institute) will charge…

Any public limited company is authorised to issue share capital, so as to raise funds for its business. The share capital can be of two types- equity and preference shares. Shareholders of the preference shares as the name suggests are preferred over equity shareholders. In this article we will discuss the process for issue of…

India is among the top growing economies with a large-scale market and human resources.  Establishing operations in India will give foreign companies a break in India’s emerging market. Global entrepreneurs and companies looking to establish a business in India can start their business in India without being a resident. Foreigners don’t need a residency visa…

As date of filing income tax return is approaching, there is a conscious thought in everybody’s mind that how to take maximum benefit of the provisions of Income Tax Act, so as to minimize tax liability for the AY 2021-2022. At present, the qualified youth of the country is mostly employed in service sector due…

To eliminate physical interference the tax department has introduced a Faceless Income Tax Appeal. All the process of appeal is conducted through an online process only. Appellant is not required present physically in the department even the appellant can take part through video conferencing. On 13th August 2020, it was introduced in Income Tax Act,1961…

When a foreign entity wants to enter India for establishing an office, the main question revolves around the entry route. One of the main entry routes is by establishing an office. Based on the requirement the foreign company can establish a branch, liaison, or project office. Project Office is the best method for entry if…

Share trading is really popular in our country as a source to earn easy and quick money. Well, though it’s not that easy to make money in share market. It is neither all luck nor all knowledge, it is mix and match of both. Be it luck or knowledge, be it easy or difficult income…

Tax Audit is required to be done for the entities that crosses the threshold as specified by the act. Tax Audit is conducted as per Section 44AB of the act. The report needs to be signed by a chartered accountant and is required to be filed electronically. The main purpose of tax audit is to…

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