All the companies (whether it is Private Companies, Public Companies, or Limited Liability Partnerships) that have received Foreign Direct Investment or made any foreign investment, have a compulsion to file FLA (Foreign Liabilities and Assets) returns. Foreign. FLA is an annual return. In this blog, we will talk about the Foreign Liabilities and Assets (FLA) Return. Table of…
The launch of Legal Entity Identifier (LEI) has been targeted to improve the quality and accuracy of financial data system for managing the risk in a better way post the evolvement of Global Financial Crisis. This enables to identify the party’s financial transactions worldwide. The Reserves Bank of India vides its notification bearing reference no….
All the business minds have inner desire to take their goods at international level. Their desire for the same is only fulfilled when such entity gets Importer-Exporter Code (IEC) number. This code number is a key business identification number of the business. In this blog we will talks about the documents for the IEC (Importer-Exporter…
One of the most relevant pieces of documentation used as identity evidence is the Aadhaar card, which has a unique 12-digit number. It is on behalf of the Indian government by the Unique Identification Authority of India (UIDAI). In this write up, we will talk about what is Aadhaar Authentication History? One of the services available…
Every business has a goal to make their product a global. No export or import is possible without IEC unless specifically exempted. An Importer -Exporter Code (IEC) is a main business identification number. It is mandatory number for export from India or Import to India. There is phase in business maybe closure of business, completion…
New beginnings are always great as you can bring changes to your existing plans. Well, this is pretty much true in the case of mutual fund investments as well. And if it’s a new year, it is perhaps a great time for investors to check, re-evaluate, and reflect on their investment portfolio for making necessary…
Every business house today wants to enhance its productivity, management, and operational efficiency by using the power of technological solutions. Companies usually do prefer investing in cost-efficient solutions that make work smoother without much human intervention. Thus, there is a high demand for solutions that boosts business productivity and ROI in the market. At this…
Well, to begin with, we all know that according to the Motor Vehicle Act, 1988, the registration of a leased motor vehicle should always be in the name of the lessee and not the lessor. But this was not so according to the Income Tax Act, 1961 for claiming depreciation of assets. Over here, the…
A scheme for presumptive taxation got introduced which is Section 44ADA which provides an easy as well as simple method of taxation for small professionals. The section offers a scheme of presumptive taxation of both profits and gains from professions which are mentioned under Section 44AA(1) of the Income Tax Act, 1961. There was a…
Owning a car and maintaining its every little issue is something that massively affects the pocket. As if this was not enough, the fuel rates have touched the sky which is making driving a car an expensive proposition. However, what would be your reaction if you could decode the trick of reducing the annual budget…