The vibrant city like Jodhpur, where tradition meets with modern culture, and social welfare continues to thrive. The process of Section 8 Company incorporation checklist is for those, who motivate the society and make a positive impact on it. As per the Companies Act, 2013, a Section 8 Company is not for making a profit…
The process of filing Income Tax Return (ITR) is subject to regular updates and for the Assessment Year 2024-2025, several major changes have been implemented. These modifications make the filing procedure easier, improve clarity, and adjust to the changing financial environment. Taxpayers need to grasp knowledge about ITR Updates for Financial Year 2023-2024 to meet the…
Section 185 of the Companies Act, 2013, is a crucial provision that governs the granting of loans, guarantees, or securities to directors and related parties by companies. It’s like a legal safety net to prevent potential conflicts of interest and misuse of company funds. In this blog, we’ll break down the complexities of Section 185…
Tally, along with other software designed for GST (Goods and Services Tax) compliance, has proven invaluable to Indian businesses since the GST’s implementation in 2017. These software solutions simplify and automate GST-related procedures such as tax calculation, invoicing, and return filing. Tally, provides comprehensive capabilities that allow firms to easily manage their accounting, inventory, and…
Foreign trade and foreign investment are significant drivers for economic growth and prosperity. In today’s world of the interconnection of trade distribution both these terms involve cross-border transactions. These both have different purposes and unique features. In this article, we are discussing the differentiating between foreign trade and foreign investment. Let’s take a look into…
The Submission of Investment Proof is a crucial component of the income tax procedure in India. The process of tax filing provides the accurate determination of an individual’s tax liability and facilitates the identification and utilization of eligible deductions and exemptions. The procedure may initially appear a bit hectic; however, be assured that we have compiled…
Understanding GST Implications. In the business sector, interest-free loans are a typical way for corporations to support its subsidiaries financially. It is essential to know the GST effects of these loans to prevent non- compliance and guarantee a smooth corporate operation. The article explores the specifics of GST on interest-free loans to subsidiaries and offers…
Incorporation of Section 8 company in Delhi through the MCA V3 portal is a significant step for individuals and organizations looking to promote charitable and non-profit activities. Section 8 companies are specially designed for social welfare and not for making profits. The MCA V3 portal rationalize the process, making it easier for individuals to establish…
Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) are a way of communication and decision-making between a company’s shareholders and their leadership. Make sure that the business operations coordinate with the shareholder’s interests. In this article, we explore the AGM/ EGM provisions under the Companies Act, 2013. In this article we’ll discuss about corporate…
Knowing the tax environment and complying with tax compliances may cause difficulties for small enterprises, leading the Government to implement the Composition Scheme inside the framework of the Goods and Services Tax (GST) system. This alternative scheme has been developed to simplify GST compliance and reduce related expenses. It proves to be a viable solution…