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Understanding the taxation of goods and services include knowing that the goods or service is free
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Starting in July 2020, the Treasury introduced a new MSME Registration system and categories for Small
Can IT Freelancers/Professionals opt for Presumptive scheme of Income tax?
The presumptive scheme under income tax is a popular scheme used by businesses and professionals. This
Compliance & Reporting CSR-2 | A Step Towards Corporate Governance
In this 21st century dynamism, the social responsibility of business is a developing sector in which
Basics of Accounting: Conventions, Principles & Concepts
In India, there are a number of rules that need to be followed when traveling or
All About Deposit and Loan of Nidhi Company
Nidhi is a company recognized under Section 406 of the Companies Act 2013 as amended by
ITR Filing Online for FY 2021-22 (AY 2022-23)
The income tax return (ITR) deadline is completed by the leading person for the 2021-22 financial
Extract of Board Minutes of Company for Private Placement
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Dilemma In Filing of GSTR-4 by Composition Tax Payers
The Composition Scheme was introduced by small taxpayers with the aim of providing relief from the
Pre-Notice Consultation – Face Off Between Tax Payer and Department
Whatever the basis of the requirement, the issuance of a notice of cause of the exhibition
The Impact of Covid-19 Pandemic on the Insurance Industry
Covid19 has caused a great deal of confusion in insurance companies. In particular, insurance brokers are
Made in India: Top 10 Export Products from India
India has emerged as a major exporter in the last few decades, driving India’s economy to
Remittances and Bank Issuance by Non-Residents of India
The Reserve Bank of India (RBI) reports that foreign Indians sent US $ 24.6 billion to
Basics of Banking: Introduction to Banking Business & Book Keeping
Banking systems range from ATM and credit card networks online and offline processing through high value
Set-off of Capital Losses in ITR forms
In a simple sense Loss, means the excess of expenses over income. Loss arises when income
Why LEI number is required for companies?
LEIL has been accredited by the Reserve Bank of India as the issuer of the Official
RBI tightens NBFC lending and disclosure guidelines
The Reserve Bank of India (RBI) has tightened the standards of non-bank financial institutions (NBFC) and
GST Refund in case of Input Services
Under the GST, a taxpayer registered with the GST may claim a refund of any taxes
All you need to know about Ayushman Bharat Yojana
Ayushman Bharat, India’s leading Government program, was launched as recommended by the National Health Policy 2017,
Annual Up gradation/Modification of IEC is now mandatory
If you are running your own import-export business then you will have an IEC number. Every person dealing
Employee Stock Option Plan (ESOP)
If you are running your own business, then you must know that bonuses are one of
Order for Registration for Charitable & Religious Societies and Trusts
Do you wish to do more for society? If you want to help the poor and
Basics of Banking: Disclosure requirements in Financial Statements
Auditors are required to express their views on the financial statements as a whole. This includes
Income Tax Assessment of Trusts for A.Y 2022-2023
For the income tax assessment, the trusts are important organizations to be considered. Subject to the
GST on Construction Sector
In terms of Section 2 (119) of the CGST Act, 2017 as a ‘work contract’ means
All about GSTR 3B
Section 39 of the Central Goods and Services Tax (‘CGST’) Act, 2017 provides that every registrant
Investment by Non Resident Indians (NRIs) in India
It is an old proverb that savings at a young age can play a great role
Documents Required and Point of Considerations for the Stock Audit
If you are running your own business then you must consider the option of a Stock
The Implication of GST on Social Media Influencers
In the 21st Century, “Influencers” have almost the same recognition as TV personalities. Moreover, when we hear
How to start a Nidhi Company in Jaipur
The word Nidhi means “Treasure”. If you want to start a Nidhi company then Jaipur maybe
Concept of Scrutiny of Returns in GST
Every taxpayer has to file their Income Tax Returns (ITR). Further, every businessman has to pay
The GST Regime and E-commerce
India ranked 8th in terms of revenue from the e-commerce market and its growth in 2020.
Provisional Attachment of Property under Section 83 of CGST Act in Certain Cases
Any litigation under various tax laws, including the GST, may take a long time. Dependence on
Annual General Meeting (AGM) Under Companies Act, 2013
The Annual General Meeting (AGM) is held to facilitate cooperation between the management and the shareholders
Charge under Companies Act 2013 and Rules made thereunder
A charge in terms of section 2 (16) of the Companies Act 2013 means interest or
Appointment of Auditor in Casual Vacancy in an OPC
The concept of One Person Company (OPC) is well understood by all of us and does
Disqualified from directorship by ROC under Section 164(2)(A)
Director’s Identity Identification Number (DIN) is an ID number assigned by Central Government to persons who
Section-wise Impact of LLP (Amendment) Act, 2021
Are you running a company registered under LLP? A new LLP Amendment Act has been introduced
All you need to know about Cost Audit
Cost audit is cost verification of accounting for the accuracy of cost accounting records. It is
Process of Removal of Companies Name from Registrar of Companies (ROC)
Nowadays, the incorporation and emergence of new companies have become common. But there are certain existing
Insolvency Resolution of a Corporate Person
If you have investments in a business and are afraid of losing the investment then you
Financial Year provisions- Section 2(41) Companies Act, 2013
This article provides an analysis to the financial year provisions- Section 2(41) of the Companies Act,
Understanding Loans, Types of Loans for Individuals & Businesses & Tax Benefits
The main purpose of a loan is to help people get out of financial trouble or
Separation of Roles of Chairperson and CEO
SEBI (Securities and Exchange Board of India), decided during a board meeting held on 15 February
Application of ITR in Assessment Year -2022-2023
CBDT (Central Board of Direct Taxes) on 30th march 2022 by Notification has informed the Income-tax
Section 59 of IBC – Voluntary Liquidation of Corporate Persons
If you are running your own business and want to dissolve it then, voluntary liquidation may
Synopsis of RERA – Real Estate Governing Authority in India
India being a developing country, urbanization and industrialization plays a major role. The urbanization has a
Everything you should know about Director Identification Number (DIN)
Director of a company is the manager and head of the company after the chairperson. According