GST
Concept of e- Invoicing and FAQs on e-Invoicing under GST
Are you also, looking for filing up of invoice of business? In that case you have landed up on the right place. The submission…
Compliance
Due Dates of Filing ROC Forms for the Month of June 2022
When one fiscal year finishes and a new one begins, it serves as a reminder to all company’s registered in India to mark their…
Startup/ Registration
Company Annual Filing in Ajmer
Company annual filing refers to the completion of the audited annual financial statements of the Company and the report of the Directors and the…
GST
GST on Manufacturer of Alcoholic Liquor on Job Work Basis
Exemptions, rate rationalisation, expansion of relaxations to Covid supply, exports, ITC, debit notes, late penalties, inclusion of specific items / services in tax net,…
Finance Company
Understanding Different Deposits & Applicable Tax Benefits
When it comes to banks, we are all about banks and the system it provides when you visit or open a bank account. Bank…
Miscellaneous
Gold Monetisation Scheme, 2015 – Types, Benefits & FAQs
The government introduced the Gold monetisation plan in 2015 with the goal of mobilization Gold and facilitating its usage for economic purposes, which would…
Miscellaneous
Sukanya Samriddhi Yojana and Tax Benefits
Sukanya Samriddhi Yojana (SSY) started to provide Indian girls equality and freedom in terms of features and benefits. It offers great tax benefits as…
Latest News
Important amendments to IRAC norms for bank branch auditors-2022
Prior to 1992, banks used to recognize interest on the whole portion of loans and advances, regardless of whether each loan advanced was good…
FEMA
Basics notion of Foreign Exchange Management Act, 1999
The Foreign Exchange Management Act, 1999 was enacted by the Indian Central Government to facilitate external payments and cross-border trade in India. FEMA (Foreign…
Income Tax
Cash Transaction limit under Income Tax Act, 1961 & GST
Cash transactions have always played a significant role in the Indian economy and are a consistent source of black money accumulation. The government has…
Startup/ Registration
How to incorporate a company in Ajmer?
In India, company registration is also known as corporate incorporation. It is a legal and regulatory process to enter a company (installation means a…
FEMA
Concept of External Commercial Borrowings under the FEMA Act, 1999.
External Commercial Borrowings (ECB) is borrowings made by an eligible entity in India from any recognised entity outside India for commercial reasons. Debt financing…
GST
Procedure for an adding an additional place of business under GST
Do you want to start your business, or looking for how to add some additional place of business under GST? Then you have landed…
Income Tax
Tax benefit on Home Loan under Income Tax Act, 1961
For most people, owning a home is a dream comes true. The Indian government has traditionally favoured encouraging residents to invest in real estate.…
Income Tax
Everything you need to know about NRI Income Tax Return
Are you aware that non-resident Indians, or NRIs, must pay income tax in India? Not only do residential Indians pay taxes, but so do non-resident…
SEBI Registration
All you need to know about Alternative Investment Funds
An Alternative Investment Fund (AIF) is a kind of investment fund in India. Investors use it for investing and getting benefits. In AIF investors…
Trademark Registration/IPR
Passing Off a Trade Mark and its Effect
In layman’s terms, passing off takes place when a trader/businessperson/or another person makes a false representation to their client, leading them to believe that…
Latest News
Directors and Officers Liability Insurance in Present Corporate Scenario
Directors and Officers Liability Insurance is quite a new concept in the Indian Corporate Scenario. It is often termed D&O Liability Insurance and is…
Miscellaneous
Online Address Update Process for Aadhaar in India
An Aadhaar card is a centralised and universal identifying number that is issued to every citizen of India. The Aadhar card is a biometric…
Compliance
Event based compliances as per Companies Act, 2013
Hey are you worried about compliances or you want to gain some valuable knowledge about, what are compliances under Companies Act, 2013? In this…
Company Law
Matters to be Included in Board’s Report under Companies Act, 2013
The Board’s report is a message from the company’s Board of Directors to its shareholders. The Board of Directors generally communicates about the company’s…
Compliance
Corporate Social Responsibility (CSR) in India as per Companies Act 2013
Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by Indian…
Compliance
Annual Compliances for FY 2022-23 W.R.T ROC & RBI
Companies and LLPs in India must comply with the yearly filing requirements stipulated in the Companies Act, 2013 and the Limited Liability Partnership Act,…
Section 8 Company
Impact of Revised RBI Guidelines on Section 8 Microfinance Companies
When you wish to create a financial business across India without RBI clearance and capital restrictions, registration of microfinance companies under section 8 is…
Compliance
General Agenda items for First Board Meeting of Company Post Incorporation
Nowadays, a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing as…
Latest News
SEBI IPO Disclosure Norms for Loss Making Companies
There are a lot of new-age companies that are not performing up to the mark in the market. They have no track record of…
Compliance
ROC Compliance under Companies Act, 2013 for Financial Year 2022-2023
Companies and LLPs operating throughout India are required to follow the yearly filing requirements outlined in the Companies Act, 2013 and the Limited Liability Partnership…
Miscellaneous
Concept of Customs Cash Ledger with applicable Amendments
When a taxpayer constructs a Challan, the amounts to be contributed to each Minor Head inside each Major Head are chosen by the taxpayer.…
Income Tax
Assessment under Section 153A of Income Tax Act, 1961
Section 153 A of the Income Tax Act, 1961 specifies the system for assessing income in the case of a searched person. In terms of…
Startup/ Registration
How to start your business in Bikaner?
With the rapid change in time and fast development of technology, the world is racing towards perfection. India is a country that is very…
Income Tax
Income of a Religious Trust under Income Tax Act, 1961
The definition of Religious Trusts is not present under the Income Tax Act, 1961. The creation of a Religious Trust is mandated by the special…
Miscellaneous
Methods of Valuation, its procedure – Is Valuation a Scam?
A company appraisal necessitates a working understanding of several criteria, as well as professional judgment and expertise. This involves recognizing the valuation’s goal, the…
Miscellaneous
The Atal Pension Yojana – Eligibility, Procedure and Benefits
The Atal Pension Yojana is a pension system that aims to provide a stable income to the working poor after they retire. All bank…
Income Tax
Taxation of Gold and Gold Products under the Taxation System in India
In India, gold is one of the most popular and respected assets. It has shown to be the strongest investment option for generating high…
Miscellaneous
How Payroll Software Improve Your Business Productivity?
Every business has to enhance its processes in order to prosper. Many are afraid to place within the time and money to do so. Even though…
Latest News
Applicability of Accounting Software with Audit Trail
To reduce the risk of fraudulent transactions or manipulation in the books of accounts, the MCA has issued a notice requiring the company to use…
Company Law
All about Employee Stock Options Plan (ESOPs): Buyback of ESOPs
Employee Stock Options Plan (ESOP) is an employee benefit plan, that provides workers ownership interest in the company. This interest takes in the form…
Income Tax
What is Income Tax Audit?
There are different types of audits performed under different rules such as company audits/statutory audits conducted under the terms of company law, cost audits,…
Compliance
Composition of the Board of Directors of a Listed company in India
A board of directors is a panel of people elected to represent shareholders. The board is in charge of protecting shareholders’ interests, establishing policies…
Miscellaneous
Concept of Housing Loans & EMI’s Business in India
The typical payback time for a home loan is between 20 and 30 years. Owing to the difficulty of repaying your house loan and…
Income Tax
4 Major Changes in Income Tax after 1st April 2022: FY 2022-2023
With the beginning of the new financial year FY 2022-2023, numerous rules and regulations have changed in respect of Income Tax. Some of the…
Startup/ Registration
Public Company in Jaipur – Overview and Incorporation Process
A Public Company is a type of company in which ownership is distributed to general public shareholders through the free sale of stock shares…
Miscellaneous
All about Registered Mortgage: Meaning, Process and Difference from Equitable Mortgage
The term mortgagee was firstly well-defined by the Transfer of Property Act, 1882. Since time immemorial it is seen that the property whether it…
Change in Business
Conversion of Private Company into Public Company
A company is a group of people who want to do some business activities after obtaining a legal existence. Among all the types of…
Income Tax
Definition of Persons under Income Tax Act, 1961
Under Section 2 (31), ‘Person’ is an AOP or Association of Persons or BOI (Body of Individuals) or a Local Authority or an artificial…
Income Tax
Income Tax Deduction under section 80CCC in India
Section 80CCC of the Income Tax Act of 1961 provides for deductions amounting to Rs. 1.5 lakhs per year for personal contributions to certain…
Income Tax
Section 50C of the Income Tax Act, 1961
As per section 50C, the calculation of capital gain of the sale of land or building or both is held as a capital asset.…
Income Tax
Importance of Minimum Alternate Tax in Tackling Tax Avoidance
Minimum Alternate Tax (MAT) was created to decrease the gap between the tax accountability under income calculation and book profits. Further, the objective behind…
Miscellaneous
Concept of Deductible and Co-Payment Insurance under Insurance
We’ve explored the necessity of medical insurance and its ability to sustain the financially viable in the event of an insured risk on several…
GST
Section 62 of CGST- Assessment of Non-Filers of Return
Section 62 of Central Goods and Service Tax Act,2017, come into effect when a taxable person fails to file returns, as per requirements under…
GST
How to get GST (Goods and Services Tax) Registration in Delhi?
The tax taken on most of the goods and services sold for domestic use is GST (Good and Services Tax). This tax was introduced…
Compliance
Ordinary Business & Special Business – Companies Act, 2013
The executive board makes decisions and determines actions on behalf of a company in the corporate world. But how will this function in…
GST
GSTIN – Meaning, Structure and How to apply and applicable Fees
Every GST taxpayer is assigned a 15-digit identifying number known as the Goods and Services Tax Identification Number (GSTIN). Prior to the implementation of…
Miscellaneous
Draft Format of Directors Report: Small Company 2022
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly…
GST
Shocking Impact of GST on Public Trusts (Charitable and Religious Trusts)
The impact of GST on Public Trusts has increased the tensions of corrupted organizations that played with the hearts of people by breaking their…
Change in Business
Dissolution of Partnership firms in India and its method
A partnership firm is a business entity and is set up for the sole purpose of profiting from business. Two or more people form…
Change in Business
Closure of the Companies under the Companies Act, 2013
With the expansion of trade across borders, the method and protocol of company formation have indeed been uniform and streamline. However, with a rising…
Compliance
Annual ROC filings- Form wise Due Dates and applicable Sections
It is necessary for all companies to furnish their annual accounts and file their annual returns as per the Companies Act, 2013. However, all the…
Startup/ Registration
Setting up of business in Rajasthan-The land of dreams
In India, youth folk’s entrepreneurship desires seem to be on the upswing. The main factor about this is that there are currently several more…
Startup/ Registration
All about Start-Up India Fund Scheme (SISFS)
India is on a mission to build a robust start-up ecosystem. This entire blog will be focused on one of the start-up schemes that…
Compliance
Procedure to Convert Section 8 Company into a Private Limited Company
The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in our…
Miscellaneous
Taxation of E-Commerce Transactions in Income Tax & GST
E-commerce has developed dramatically in India, as more people purchase and sell products online as a result of cell phones and internet access. Previously,…
Income Tax
Income Tax Rates for FY 2021-22 & FY 2022-23 & AY 2022-23 & 2023-24
According to the Income Tax Act, 1961 of India, Income Tax is levied on all individuals, HUFs, partnership businesses, LLPs, and companies. Individuals are taxed…
Income Tax
Direct Taxes and the Constitution of India – India’s Taxation Provisions
The taxation system is the backbone of a country’s economy, ensuring that revenue is stable, management of economic development and that industrial activity is…
Company Law
Oppression & Mismanagement of Companies Act 2013 – | Section 241-246 |
The principle of majority rule is at the heart of corporate democracy. The principle of majority originated with the rule of Foss v Harbottle,…
Miscellaneous
Role of Working Capital Adjustments in Transfer Pricing
Working capital is an accounting phrase that you may not hear much about, but it could be the key to your company’s success. Working…
Company Law
Regulatory Framework of Issue of Shares and Securities to Foreigners
Foreign Investment Policy regulates direct foreign investment in a country’s production or business by a person or firm from another country. For developing countries…
Compliance
Process for Change of Registered Office from One State to Another
Within 30 days of its incorporation, a corporation must have a registered office. In the Memorandum of Association (MOA) and Articles of Association, the…
Compliance
All about CSR Reporting- CSR-2 as “A New Beginning”
We live in a dynamic world that is becoming complex. Environmental, social, cultural, and economic challenges on a global scale have now become a…
Miscellaneous
Doctrine of Corporate Veil and Lifting of Corporate Veil
The notion of a company’s independent legal personality is the one that serves as the foundation and a fundamental principle of corporate law in…
Compliance
Modes of Winding Up of a Company as per Companies Act
Section 361 of the Companies Act, 2013 specifies a short process for the dissolution of corporations. The Central Government appoints an Official Liquidator to…
Compliance
Annual Return on Foreign Liabilities & Assets (FLA Return) Under FEMA
All business organizations that already gain Foreign Direct Investment (FDI) or undertaken International Capital overseas with in preceding year along with the existing year…
Compliance
Board of Directors Report under Companies Act 2013- Contents of Report
Financial reporting is required for businesses since it offers information on a company’s current state as well as its compliance with financial, corporate social…
Compliance
Resignation of Director under Companies Act 2013
A director may resign from his office by giving written notice to the Company, and upon receipt of such notice, the Board shall take…
Compliance
Must Known Facts of Form INC-20A “Declaration for Commencement of Business”
The Companies (Amendment) Ordinance 2018 requires all companies registered on or after November 2, 2018, to file a certificate of the beginning of the…
Miscellaneous
Loans to Directors under Section 185 Companies Act, 2013
Public firms have permission to provide loans, guarantees, and securities under the Companies Act, 1956. They can do so as long as they acquired prior…
Compliance
Form to be filed to ROC in case of Rights Issue – Procedure and key Goals
Additional capital shares are issued through Right Issue to raise subscribed share capital of a registered company. Instead of offering shares to the general…
Compliance
15 businesses at Shareholders Meeting which can be transacted
The purpose of an Annual General Meeting (AGM) is for the company’s management and shareholders to engage. The Companies Act, 2013 mandates the holding of…
Compliance
An Analysis of Input Tax Credit concept under GST
When you acquire a product or service from a dealer, you must pay sales taxes. You collect this tax when you sell. You adjust the…
Miscellaneous
Grant Received by Subsidiary from its Holding – Is it a Revenue Receipt?
When a bigger firm buys at least 50% of a company’s stock, the small company becomes a subsidiary to it. When the main…
Miscellaneous
Formations of Charitable Entities in Jaipur
In India, trusts established for charitable purposes and certified by the Income Tax Department are not only exempt from paying taxes, but contributors to…
Income Tax
Taxation on Political Parties -Representation of People Act, 1951
The Representation of the People Act, 1951 governs political groups in India (RPA). A certain organization of Citizens as well as group of particular…
Miscellaneous
How Will ‘Russia’s Invasion of Ukraine’ Affect Taxes & Trade in India?
While the European Union, NATO, the United Kingdom, and the United States have announced stringent trade restrictions; and sanctions against Russia, our Hon’ble…
Finance Company
What is FCNR? Is FCNR a Good Investment Option for NRIs?
Over the last two decades, India has undergone tremendous industrial progress. As a result, foreign direct investment is increasing in the country (FDI). This…
Income Tax
Rate of Depreciation on Computer Accessories and Peripherals
Do you own a computer? Do you use it for your personal use or for business purposes? Yes, if you own a computer, you…
Trademark Registration/IPR
What is the Procedure of Trademark registration in Jaipur?
Introduction Most business owners are aware that trade marking is a vital initial step in beginning a company, but how much do you know…
Income Tax
What is Income and Different Sources of Income?
Money isn’t everything; however, it is a critical component in the life of an individual. Money helps us reach our life’s ambitions and supports…
Finance Company
Gain or loss on Foreign Exchange Fluctuation
The rate of change of the value of the currency in a country is usual event that takes place due to floating exchange rates;…
Miscellaneous
PAN and TAN – Meaning and Difference Between PAN and TAN
When filing your ITR return or contacting the Income Tax Department, you may come across the phrases PAN and TAN. Understanding these words ahead of…
Income Tax
Taxation Aspects of Income of Deceased Person
Did you realize that the estates of the deceased might be taxed? It may sound strange that a deceased person’s income tax returns must…
Income Tax
Penalties under the Income Tax Act and Various Income Tax Offences
The timely and regular payment of taxes and submission of returns guarantees that the government has funds available for public welfare at all times.…
GST
Effective Goods and Services Tax (GST) Rates in India
By introducing uniformity and openness to the Indian tax system, the GST (Goods and Services Tax) has transformed the outlook of the Indian tax…
Compliance
Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs
Funding is essential for a company to not only invest and expand but also to run its day-to-day operations. When a firm needs to…
Income Tax
All about TDS (Tax Deducted at Source) and TDS Filing, Returns & Rate
TDS was created with the goal of collecting tax directly from the source of revenue. According to this notion, a person (deductor) who is…
Latest News
New Scheme of Taxation under Section 115BAC of Income Tax Act, 1961
A new tax planning comes into force by inserting a new section in Income Tax Act, 1961, which is known as Section 115BAC of…
Latest News
The Limited Liability Partnership (Amendment) Rules, 2022
The Limited Liability Partnership (Amendment) Rules, 2022 have been published by the government. Further, Rules 5, 18, 19, and 37 have been amended. Moreover,…
Income Tax
Benefits of Filing Income Tax Return on Time and its Importance
Are you in a confusing state and not able to make up your mind, whether to file ITR, Or did you hear elsewhere that…
Miscellaneous
What is PAN Card Importance and use? How to apply for PAN in India?
You’ll need one thing for each of these activities, whether you’re trying to buy a car or a house, participate in the stock market,…
FEMA
Foreign Direct Investment -Current Situation on FDI Policies in India
Foreign Direct Investment (FDI) seems to have been a significant non-debt financial resource towards India’s national economy, especially in addition to being such a…
Income Tax
TDS Implication on Reimbursement of Employees salary in Companies
Some employees on the payroll of group firms (including management and non-management cadre) work for the Parent company. We can recover the cost of…