DIN i.e. Director’s Identification Number is compulsory for all the directors. It is just like an identity proof of a director. DIN is allotted by a simple procedure i.e. filling forms and submitting with necessary documents and requisite fees on MCA Portal. Today in this article we will discuss that if a person who wishes…

When an individual chooses to start a business, the most important decision is to select the structure of the business. Facts such as taxes, the liability of an individual, or how to raise fund depends on the structure.  Before starting the business and selecting the structure the business owner should take advice from the expert,…

Cryptocurrencies, or “cryptos”, are being billed as the future of money. While some people see them as having limitless potential and uses, others are less than convinced. Cryptocurrency are not yet mainstream, but a growing number of companies and financial institutions are buying into them and their burgeoning influence around the world. Let us help…

गैर सरकारी संगठन कानूनी रूप से स्थापित संगठन हैं जिन्हें आम तौर पर गैर-लाभकारी उन्मुख समूह माना जाता है जिसका अंतिम उद्देश्य जनता के कल्याण, बाल शिक्षा, एक सामाजिक एजेंडा, पर्यावरण की देखभाल, वन्यजीवन आदि के लिए सार्वजनिक हित के लिए काम करना है और वे स्वतंत्र रूप से काम करते हैं सरकार से। आम…

The company that does not want to carry out any business operation and only bearing the annual compliance, can proceed with the closure of the business. The Company can ask the Registrar of the company to remove the name of the company from its register. Section 248 of the Companies Act, 2013 provides the provision…

Running a company is no cakewalk, sometimes the founders of the company take tough decisions to close down the company. In the last 3 years, nearly 3.8 lakh companies are struck off under the Companies Act, 2013. Many companies are finding it difficult to function during the pandemic. There are two ways for closing a company,…

Goods and Service Tax or GST is a major reform of the government in India. It was enforced in 2017 under 101st Constitution Amendment Act, 2016. GST is a comprehensive multi-stage taxation system applied on the sale of the goods and services in India. Before the implementation of the goods and service tax or GST…

The income tax returns filed by any assessee are subject to the processing by Income Tax Department. There are different provisions for assessment and scrutiny in the Income Tax Act. Now, in this article our scope of discussion will be powers/jurisdiction of Assessing Authorities for Reassessment u/s 147. As per Section-147, an assessing officer has…

Residential status plays an important role in determining the taxability of income. Act has laid down clear provisions to determine the residential status. These provisions are based on total stay in India, origin of the person etc. So let’s see in detail that what the concept of Residential Status under Income Tax is Contents Meaning…

Income Tax return is a well recognised income proof. So, filing an income tax return is very important for all. As per law the return of income should be filed when the taxable income exceeds more than the basic exemption limit. Then you may think that why we are writing about something which is not…

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