Companies ultimately have two options when choosing accounting software for their business: cloud-based or desktop. Although desktop software has traditionally been widely used, companies are increasingly moving to the cloud for a number of reasons. Cloud software offers inherent benefits, such as enabling finance teams to manage accounting from anywhere and on any device. In…
Company and LLP name reservation application is an important step in the registration process of any business entity. However, it is not uncommon to face rejection or resubmission of the application due to errors or discrepancies in the application. This can lead to delays in the registration process and affect business operations. In this article,…
A Class Action is one in which a class or group of persons who have a common grievance band together to seek remedy. It is a low-cost procedural instrument that allows a small number of people to suit the benefit of a larger group. The notion of class action has existed in other nations’ legal…
On 3rd October 2022, the Federal Tax Authority issued Federal Decree Law No. 47 of 2022 which shall be effective from 15 days from the issue of date of decree in continuation of UAE Ministry of Finance announcement of Federal Corporate Tax (CT) in UAE w.e.f. 1 June 2023. Such decree consists of Article 1…
The Finance Minister, Nirmala Sitharaman, unveiled the Union Budget 2023 on 1st February 2023. Generally, the budget before general elections is always a much-anticipated one with everyone hoping for big, bold moves. Various tax relief measures were introduced under the new tax regime. It looks like the government wants taxpayers to switch to the new…
As of February 2023, there are various legal obligations in India that individuals and businesses must be aware of to avoid potential legal consequences. In this article, we will discuss some of the important Legal Obligations & updates in India for February 2023. Table of Content February 2023 Legal Obligations February 2023 Legal Obligations: Goods…
The finance minister has made several announcements in Budget 2023 regarding personal income tax amendments, including an increase in the tax rebate limit, an increase in the tax-exempt income slab, an increase in the tax-exempt leave encashment limit, and so on. The Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman announced several Direct…
The Companies (Auditor’s Report) Order, 2020 (CARO 2020) lays down the format for the independent auditor’s report. The auditor’s report is an important document that is prepared by the auditor of a company, outlining their opinion on the financial statements and internal control systems of the company. This article gives you the format of Independent…
On February 10, 2023, the Rajasthan Budget 2023-24 has been presented by Chief Minister Ashok Gehlot, in which the youth and middle-class people have been given focus, The Rajasthan government has really presented such a budget which is going to benefit both the middle class and the youth, who are looking for employment. Table of…
The Union Budget is presented by Finance Minister Nirmala Sitharaman, on 1st February 2023 in the backdrop of rising worldwide inflation and low economic growth. The industry has huge expectations from the approaching budget from an Indirect Tax and Customs perspective towards the development of a friendly tax system and bringing much-needed impetus to economic…