Non-Banking Financial Companies (NBFCs) are financial institutions that offer banking services without a banking license. NBFCs are subject to regulatory scrutiny by the Reserve…
National Financial Reporting Authority (NFRA) was constituted by the Government of India in 2018 under the Companies Act, 2013. NFRA is an independent regulatory…
Financial statements are crucial documents that businesses use to report their financial performance to stakeholders, such as investors, creditors, and regulators. These statements are…
Shareholders rights refer to the legal and financial entitlements that shareholders hold as owners of a corporation. Shareholders have certain privileges, powers, and protections…
For companies, funding is the most vital part for functioning of the business and Share capital is the main funding for companies. Share Capital…
The Companies Act, 2013 provides a comprehensive framework for the allotment of securities by a company. The Act contains provisions for the issuance of…
Rules and regulations are systematic way to do any kind of work, and Articles of Association (AOA) is a rule book for the…
Memorandum of Article is a vital document for the Company, which provides the Scope, objectives, and limitations of it. It lays down the framework…
Debentures are a form of long-term debt instrument issued by a company to raise funds from the public. It is a popular financing tool…
Transfer and Transmission of Securities refer to the legal process of transferring ownership of stocks, bonds, and other financial assets from one party to…
When a company announces that it will be issuing dividends, it’s known as a dividend declaration. Dividends are a distribution of a company’s profits…
A Private Limited Company is a popular form of business organization that is widely used across the world due to its various advantages like…
Changing the name of a company is a common phenomenon in the world of business. A company may decide to change its name…
The Auditor’s appointment is a vital procedure for a company as it makes sure about the transparency and accuracy of the company’s financial statements.…
The Issue of Sweat Equity Shares is a common practice among companies that want to incentivize their employees and retain key talent. Sweat equity…
GDR (Global Depository Receipts) has become a popular way for companies to raise capital and increase their visibility in international markets. GDRs allow companies…
Goods and Services Tax (GST) is a destination-based tax system that replaced various indirect taxes in India. Under the GST regime, every registered person…
Non-Banking Financial Companies (NBFCs) are regulated by the Reserve Bank of India (RBI) and are required to comply with various directions, regulations, and guidelines…
Company incorporation in Punjab refers to the process of legally establishing a business entity in the state of Punjab in India. Punjab is one…
Income tax is a fundamental component of any country’s revenue system. India is no exception to this rule. Income Tax Regulations for NRIs is…
Offences and Penalties under GST are the legal consequences that businesses may face for non-compliance with Goods and Services Tax (GST) laws. GST is…
The Goods and Services Tax (GST) is a comprehensive indirect tax that has had a significant impact on various sectors in India, including the…
Starting a business in Gurugram can be an exciting venture, but it requires careful planning and compliance with legal requirements. If you’re looking to…
Gurugram is a rapidly growing city in the National Capital Region (NCR) of India. The city is home to various businesses, which include small,…
Income from other sources is taxed at the applicable slab rate, as per the income tax laws. However, certain incomes may be exempt from…
Form 15G and Form 15H are used to save TDS (Tax Deducted at Source) on interest income earned by individuals. TDS is a tax…
If you are interested to create a newspaper, magazine, or news website in Jaipur, Rajasthan, India, you must first register with the Registrar of…
Non-Governmental Organizations (NGOs) play a crucial role in socio-economic development, education, and welfare activities across India. To operate legally and receive funding from the…
The Goods and Services Tax (GST) Composition Scheme is a tax scheme that provides relief to small businesses by allowing them to pay a…
Capital gains tax is a tax levied on the profit earned from the sale of a capital asset. Such as property, stocks, mutual funds,…
On July 1st, 2017, India implemented the Goods and Services Tax (GST) to unify the country’s indirect tax structure. The Goods and Services Tax…
Goods and Services Tax (GST) was introduced in India on July 1st, 2017, to unify the country’s indirect tax system. GST is a value-added…
If you are looking to start a business in Jodhpur, one option you may consider is setting up a Nidhi company. Nidhi companies are…
Bikaner, a city in the state of Rajasthan, has become a hub for entrepreneurship in recent years. With its strategic location, favorable business environment,…
Calculating income tax on salary can be a complex process, as it depends on various factors such as your total income, tax deductions, and…
LLP stands for Limited Liability Partnership, which is a type of business structure that combines the features of a partnership and a limited liability…
The EPS 95 (Employee Pension Scheme 1995) is a pension scheme for employees who are members of the Employees Provident Fund Organization (EPFO). The…
Tax Deducted at Source (TDS) is a mechanism introduced by the government of India to collect taxes from various sources of income. The purpose…
Trademark registration is an essential process for any business that wants to protect its brand name, logo, or any other distinctive symbol that it…
Taxes are an essential part of a functioning government, and the United States is no exception. U.S. taxation is a complex system of federal,…
The Indian government has launched a range of schemes to support and encourage businesses in the country. These schemes are aimed at providing assistance…
The Jan Vishwas (Amendment of Provisions) Bill, 2022 was introduced in the Lok Sabha on 22 December 2022. It amends forty-two laws to reduce…
As more and more food business operators enter the food industry, the Food Safety and Standard Authority of India under the Ministry of Health…
Foreign direct investment (FDI) is an investment by a company or an individual in a country into business interests located in another country. Foreign…
An updated return, also known as a revised or amended return, is a type of tax return that taxpayers can file to correct errors…
Business valuation regulate the economic value, financial liability or asset of the business. It is a necessary implementation in some regulatory, legal and commercial…
As we approach the month of March 2023, it is important for businesses and individuals in India to stay up-to-date with their legal obligations…
The Goods and Services Tax (GST) regime, introduced in India on 1st July 2017, has revolutionized the way businesses pay taxes. The GST system…
GST applicability means to whether or not a specific goods and service (G&S) is comes under the GST in India. It is a wider…
Equity shares with differential rights refer to shares that provide specific rights or privileges to certain shareholders, which differ from the rights enjoyed by…
The introduction of the Goods and Services Tax (GST) in India has been a major tax reform aimed at unifying the indirect tax system…
The Ministry of Corporate Affairs (MCA) has introduced a new version of the Form SPICe+ and other related forms, which is known as MCA…
Foreign direct investment (FDI) is when a company controls the ownership of a business entity in another territory or country. With FDI, foreign companies…
When a company receives foreign investment, form FC-GPR is issued by the Reserve Bank of India (RBI). Accordingly, the company will issue shares to…
GST has made easy the tax return filing process by accumulating information about the goods and services of sellers and customers under one head.…
A Full-Fledged Money Changer is a company that carries out business activities such as forex currency after prior approval from the Reserve Bank of…
In recent years, there are various new notifications with regard to the filing of Form 10F introduce. Central Board of Direct Taxes (hereinafter referred…
Export is a significant term for multinational trade. It includes the sale of goods/ services from one country to another. In India, there are…
The globalization of the world economy has led to the increased participation of foreign entities in the Indian economy. In the corporate sector, foreign…
The Indian tax system has various provisions to ensure timely and accurate payment of taxes. Section 194J of the Income Tax Act, 1961, is…
The term NBFC stands for Non-Banking Financial Company which is of great importance in India. It fulfills the role of ensuring proper financial financing…
On 27 December 2022, the CBIC issued a circular prescribing how an unregistered person can apply for a refund. Unregistered persons can apply for…
Filing Income Tax Returns (ITR) can be a daunting task for many individuals, especially those who are not familiar with the process. However, with…
Udaipur is rich in its culture, historical and scenic areas, and Rajput-era palaces. It is also known as the “City of Lakes” and attracts…
Under the presumptive taxation system in India, certain eligible taxpayers are allowed to pay tax on a presumptive basis. This means that the income…
The Indian tax regime affects corporate governance by either imposing liabilities or offering tax incentives; in contrast, corporate governance has an impact on the…
If you want to cancel a flat booking, then you have come to the right place. How smooth your cancellation process basically depends on…
There was a constant tug-of-war between the departmental officer and the GST registrant regarding the claims for refund of input services in case…
Any contract or arrangement entered into with a related party is deemed to be a related party transaction under the Companies Act, 2013. The…
The state budget for Rajasthan, with the theme of “Bachat, Rahat, Badhat,” was unveiled on Friday by Chief Minister Ashok Gehlot. Given that the…
In India, companies are required to comply with various regulations and laws under the Companies Act, 2013. The Registrar of Companies (ROC) is responsible…
You must pay sales taxes when you buy a product or service from a dealer. This tax is collected when you sell. You subtract…
Finance and Accounting have grown in importance in today’s competitive business environment, where corporate organisations must provide an accurate and fair picture of their…
It is not easy to handle such a Huge yet Amazing country like India, where diversity between cultures, religions, Class can be seen clearly.…
Do you know holding an annual general meeting is an annual procedure that every company must follow? The Ministry of Corporate Affairs (MCA) has…
There are about 18 types of companies that exist in India. How many could you name? Don’t worry you can name it all after…
In her fifth consecutive budget speech, Union Finance Minister Nirmala Sitharaman made up to five personal income tax announcements on 1st February 2023 while…
Before the annual Budget announcement, pictures of India’s finance ministers entering parliament while carrying briefcases circulated for years. All of that changed in 2019…
Recently my friend wanted to change the name of his company voluntarily. We didn’t know that such a thing is possible until I laid…
Property, Plant, and Equipment (PPE) model forms an essential component in part business as the business evaluation may also be calculated with it, every…
If you’re about to start a business, you’ve probably stumbled across the word “compliance” many times. Compliance is one area that no business owner…
“Your ride will be arriving shortly!” Nowadays even an ordinary person knows this and often uses a taxi service. In recent years, the rental…
My firm recently went through dissolution and I am not sure about the liability of the assets finally distributed. While wondering about such a…
After section 80P of the Income Tax Act, 1961 (Income Tax Act) section 80PA is inserted with effect from 1 April 2019. Section 80PA…
The Budget of the Government of India is an important document that details all the expenditure, revenue collection and development plans of the government…
Last weekend, I went to most populous yet most exciting state of India, i.e. Uttar Pradesh, where I see most of people were engaged…
The Finance Act 2022 instituted section 115BBH and it is applicable from AY 2023-24. The section provides that income from the transfer of Virtual…
The Finance Act 2022 introduced section 194R which deals with the deduction of tax on benefits or emoluments to businesses or professions. Businesses, companies…
Are you also interested in learning how to incorporate a One Person Company in Rajasthan? Great, you’ve come to the right place. Our Legal…
The Global Minimum Tax (GMT) applies a standard minimum tax rate worldwide to a defined corporate income base. The OECD has drawn up a…
The real estate sector plays an important role in fulfilling the need and demand for housing and infrastructure in the country. Builders and promoters…
Regulation of the payment of directors’ compensation is important for a number of reasons, chief among them the need to stop company money from…
The Employees’ Provident Funds and Miscellaneous Act, 1952’s principal programme is EPF. EPF is funded by 12% of the employee’s base pay and dearness allowance…
The Steps to Building Wealth without an actual increase in earnings is Smart and feasible Financial Planning. Finances play a very crucial role in…
An LLP in India has to file its annual return compulsorily. Unlike companies, LLPs must mandatorily maintain their financial year from 1 April to…
Directors are the organization’s top decision-makers. In addition to serving as a trustee, agent, employee, and officer of the corporation, a director also performs…
The draft Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was proposed by the Indian Government and has become a key area of…
In order to give smaller companies functioning as Private Limited Companies certain advantages, the idea of a small company was created in the Companies…
The primary objective of forming a corporation as a Section 8 Company is to promote non-profit objectives such as commerce, business, the arts, charity,…
Corporate fraud is defined as unlawful, misleading activities conducted by a company or a person using highly trained accounting practices to inflate a company’s…
