Posted Date : 23-Sep-2023 , 03:17:44 pm | Posted By Ishita Ramani

Introduction   A business must satisfy various compliance-related requirements upon the establishment to continue operating as per the Companies Act, 2013. The Directors and the Company suffer fines and penalties for non-compliance. Therefore, those who incorporate a business must be aware of...

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Category : Corporate Law | Comments : 0 | Hits : 85

Posted Date : 14-Sep-2023 , 12:40:45 pm | Posted By Ishita Ramani

Introduction   The foundation of the Indian economy, small and medium-sized enterprises play an essential part in export, GDP, job creation, and inclusive growth. They might think that the GST has substantially raised the cost of compliance. The nation’s most important tax reform since ...

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Category : GST | Comments : 0 | Hits : 331

Posted Date : 11-Sep-2023 , 04:51:37 pm | Posted By Ishita Ramani

Introduction   India’s Goods and Services Tax (GST) is an indirect tax system that went into effect on July 1, 2017, with the goal of simplifying the complicated taxation system in the nation. It has taken the place of different indirect taxes like excise duty, VAT, and service tax. It ...

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Category : Corporate Law | Comments : 0 | Hits : 413

Posted Date : 08-Sep-2023 , 05:28:55 pm | Posted By Ishita Ramani

Introduction   All registered taxpayers who wish to export goods or services without paying IGST (Integrated Goods and Service Tax) must submit a Letter of Undertaking (LUT) in GST RFD-11 form through the GST website. This article is going to focus on “What is a Letter of Undertaking un...

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Category : GST | Comments : 0 | Hits : 411

Posted Date : 05-Sep-2023 , 04:48:17 pm | Posted By Ishita Ramani

Introduction   In a Private Limited Company, the shareholders are involved in deciding who owns the business. You must transfer the shares if you want to bring in new investors or change ownership during the course of your business. Today, we will look at the process of transferring shares in...

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Category : Income Tax | Comments : 0 | Hits : 621

Posted Date : 02-Sep-2023 , 02:26:34 pm | Posted By Ishita Ramani

Change in the Registered Address of the Company   Introduction   A business will choose to engage in all business-related activities in the jurisdiction in which it has been registered. The registered office of a company can be its corporate headquarters, a manufacturing facility, a br...

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Category : Corporate Law | Comments : 0 | Hits : 528

Posted Date : 01-Sep-2023 , 07:21:43 pm | Posted By CA. Dr. Gaurav Bhambri

The government lost a little over Rs 1 lakh crore in 2020-21 on account of a cut in corporate taxes, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In September 2019, the government announced a cut in base corporate tax for then existing companies to 22 per cent from 30 per cent; an...

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Category : Corporate Law | Comments : 1 | Hits : 2558

Posted Date : 01-Sep-2023 , 10:03:03 am | Posted By Sunil Jain

Concept of Combined Supply & Impact of Change in Rate of Tax By- CA Sunil P. Jain & CA Ayush S. Jain, Indore Many a times more than one supply is made together. It may be a case of Goods & Goods (mobile with charger) or Goods & Services (e.g. AC sold with transportation & f...

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Category : GST | Comments : 0 | Hits : 388

Posted Date : 31-Aug-2023 , 02:54:56 pm | Posted By Ishita Ramani

Introduction   This blog includes information on the corporate identification number (CIN), covering information on the CIN for companies, what it is, how to check it, and other related information. The Registrar of Companies (ROC) assigns each company incorporated in India with a unique iden...

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Category : Corporate Law | Comments : 0 | Hits : 291

Posted Date : 29-Aug-2023 , 09:34:14 pm | Posted By NIKITA AGARWAL

Exploring Form 60 and Form 61: Benefits, Issues, and Considerations in Indian Financial Transactions Form 60 and Form 61 are used in India for certain financial transactions. Form 60 is used when an individual does not have a Permanent Account Number (PAN) and is carrying out specified transaction...

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Category : Income Tax | Comments : 0 | Hits : 395

Posted Date : 28-Aug-2023 , 05:30:49 pm | Posted By Ishita Ramani

Introduction   Every entity in charge of the business is required to perform an audit everyday, every week, every month, every six months, and every year. The Company must carry out an audit to evaluate its financial stability and to confirm that it is in compliance with all applicable laws, ...

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Category : Corporate Law | Comments : 0 | Hits : 250

Posted Date : 25-Aug-2023 , 04:44:17 pm | Posted By Ishita Ramani

Introduction   India has a fixed GST (Goods and Service Tax) rate that is broken down into five tax rate slabs: 0%, 5%, 12%, 18%, and 28%. The GST rate for toys and sporting goods is 12%, 18%, or 28%. Let’s explore the GST on toys and sporting goods in more detail. Let’s quickly r...

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Category : Corporate Law | Comments : 0 | Hits : 342

Posted Date : 23-Aug-2023 , 04:19:33 pm | Posted By Ishita Ramani

Introduction   Form MGT 14 was created by the Companies Act, 2013 in order to provide specific decisions to the Registrar of Companies (ROC). Such resolutions must be filed after they are officially accepted by a meeting of the company’s creditors, shareholders, and board of directors. ...

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Category : Corporate Law | Comments : 0 | Hits : 263

Posted Date : 21-Aug-2023 , 05:18:47 pm | Posted By Ishita Ramani

Introduction   If you own an LLC that is not located in Wyoming and wish to do business in Wyoming, you must establish it as a foreign Wyoming LLC. This is done by submitting an Application for Certificate of Authority. We are going to discuss about “How to registered a foreign LLC in W...

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Category : Corporate Law | Comments : 0 | Hits : 450

Posted Date : 16-Aug-2023 , 12:29:36 pm | Posted By Ishita Ramani

Introduction   A DIN, or Director Identification Number, must be obtained for everyone who holds a position as a director or partner of a company or LLP (Limited Liability Partnership) that is registered in India. Therefore, as part of the business registration or LLP incorporation process, D...

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Category : Corporate Law | Comments : 0 | Hits : 482

Posted Date : 12-Aug-2023 , 05:19:44 pm | Posted By Ishita Ramani

Introduction   When choosing a company name, there are numerous dos and don’ts to keep in mind. Keeping these in mind, a proper name should be picked because a business’s name has the ability to create or break the enterprise; also, certain names are restricted or prohibited by MC...

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Category : Corporate Law | Comments : 0 | Hits : 403

Posted Date : 12-Aug-2023 , 04:43:41 pm | Posted By Ishita Ramani

Introduction   You don’t have to be a resident of Delaware or even go there to create a Delaware LLC (Limited Liability Company). Anyone from any country can set up a Delaware LLC or corporation and engage in legal economic activity, with the exception of citizens of prohibited nations ...

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Category : Corporate Law | Comments : 0 | Hits : 383

Posted Date : 10-Aug-2023 , 01:04:00 pm | Posted By Ishita Ramani

Introduction Do you want to start a business in the US but you don’t live there? Additionally, do you wish to establish a business in the US but are unsure of the benefits of doing so? This blog will be useful to you since it describes the benefits of company registration for foreign non-resi...

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Category : Corporate Law | Comments : 0 | Hits : 411

Posted Date : 05-Aug-2023 , 08:37:43 am | Posted By NIKITA AGARWAL

Intra-day trading is a trading strategy where traders buy and sell stocks within the same trading day, aiming to profit from short-term price movements.  Meaning: Intra-day trading, often referred to as same day trading, is a trading where traders buy and sell financial instruments, such as st...

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Category : Shares & Stock | Comments : 0 | Hits : 576

Posted Date : 02-Aug-2023 , 08:40:07 pm | Posted By NIKITA AGARWAL

A human resource audit is a comprehensive review and evaluation of an organization's HR policies, practices, and procedures. It helps identify strengths, weaknesses, and areas for improvement in the HR function.   Here are the steps to conduct a human resources audit, along with examples:- ...

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Category : Auditing | Comments : 0 | Hits : 666

Posted Date : 01-Aug-2023 , 11:28:05 am | Posted By NIKITA AGARWAL

GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations. Here's an overview of each return: GSTR-1: GSTR-1 is a monthly or quarterly return that provides details of outward supp...

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Category : GST | Comments : 0 | Hits : 553

Posted Date : 31-Jul-2023 , 01:12:46 pm | Posted By S.Mahajan

ITR filing last date 2023: What happens if you miss July 31 deadline?   If you happen to miss the July 31 due date, you can file a belated return until December 31, but keep in mind that a late fee will be imposed. Late fees A late fee of Rs 5,000 will be imposed if the return is furnished a...

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Category : ITR | Comments : 0 | Hits : 500

Posted Date : 30-Jul-2023 , 10:37:35 pm | Posted By NIKITA AGARWAL

The introduction of Form 15CA and Form 15CB in the Income Tx Act of India was primarily aimed at strengthening tax compliance and enhancing transparency in foreign remittances. Reporting foreign transactions in Form 15CA and Form 15CB is a crucial compliance requirement for certain remittances ma...

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Category : Income Tax | Comments : 0 | Hits : 598

Posted Date : 28-Jul-2023 , 09:25:39 pm | Posted By CA.Khurana Vivek

Mistakes made while filing an income tax return make one’s return invalid and may lead the person liable for penalty and prosecution.  Filing an income tax return can either be a tiresome or an easy process. It all depends upon the knowledge & guidance one receives. With so many prov...

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Category : ITR | Comments : 0 | Hits : 482

Posted Date : 27-Jul-2023 , 09:39:23 pm | Posted By NIKITA AGARWAL

Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment. Each state in India has its own Professional Tax Act and regulations governing the levy and collection of this tax. The...

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Category : Income Tax | Comments : 0 | Hits : 291

Posted Date : 27-Jul-2023 , 01:31:02 am | Posted By NIKITA AGARWAL

Investing in unlisted shares in India can have various tax implications, both at the time of acquisition and when selling or transferring these shares. Unlisted shares refer to shares of companies that are not listed on any recognized stock exchange. Here are some key tax implications to consider: ...

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Category : Income Tax | Comments : 0 | Hits : 287

Posted Date : 26-Jul-2023 , 11:21:25 am | Posted By CA.Khurana Vivek

Notices are being served by the Income tax (I-T) department asking assessees to produce documentary proof for claiming exemptions / deductions. Complete with fake rent receipts from close relatives, extra claims against home loans, false donations and a slew of dodgy practices encouraged by some of...

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Category : Income Tax | Comments : 0 | Hits : 220817

Posted Date : 25-Jul-2023 , 07:31:48 pm | Posted By NIKITA AGARWAL

Leave Trasvel Concession Claim – Provisions, Documents and Frequency   LTC (Leave Travel Concession) is a tax benefit provided by the Indian government to salaried individuals for expenses incurred on travel. The LTC is primarily applicable to government employees, employees of public s...

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Category : Income Tax | Comments : 0 | Hits : 209

Posted Date : 25-Jul-2023 , 10:24:04 am | Posted By CA Jyoti Agrawal

Income tax is an essential part of every citizen’s financial responsibility. However, finding legal ways to save income tax liability can be beneficial. While there are may methods to save income tax in india , such as claiming deductions for investments and expenses, there are also some other...

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Category : Income Tax | Comments : 0 | Hits : 204

Posted Date : 24-Jul-2023 , 03:34:37 pm | Posted By NIKITA AGARWAL

A Detailed Analysis of Form DPT-3 under the Companies Act, 2013 in India     1. Introduction   The Companies Act, 2013, is a comprehensive legislation that governs the formation, management, and operations of companies in India. One of the crucial compliance requirements under th...

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Category : Corporate Law | Comments : 0 | Hits : 155