2024-04-10 06:56
Late fees under the Goods and Services Tax (GST) law for filing GSTR-9 play a crucial role in ensuring timely compliance with tax regulations. GSTR-9, also known as the annual return, is a c… Read More
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GST is a huge reform for indirect taxation in India, the likes of which the country has not seen post Independence. GST will simplify indirect taxation, reduce complexities, and remove the cascading effect. Experts believe that it will have a huge impact on businesses both big and small, and change the way the economy functions in GST registration online.
The ebook will help you understand the basics of GST, important terminologies and concepts, and how this might affect your business in the long run. Students of finance, business professionals, entrepreneurs, tax practitioners and accountants will find this e-book comprehensive and helpful in understanding GST consulting services.
2024-03-22 10:20
Foreign Direct Investment (FDI) plays a crucial role in the economic growth and development of any country. In recent years, there has been a growing trend towards investment in Limited Liab… Read More
2024-03-11 09:58
India’s business landscape has seen significant transformations over the years, with the emergence of innovative business structures to cater to various entrepreneurial needs. One such… Read More
2024-02-21 09:26
Introduction The Companies Act, 2013, is a comprehensive legislation governing corporate entities in India. Among its various provisions, Section 184 holds significance as it pertains to the… Read More
2024-02-09 11:06
To provide greater convenience to Goods & Services Tax (GST) taxpayers, two new payment methods have been introduced for online GST e-payment, alongside net-banking. These new methods in… Read More
2024-01-10 12:32
There are much more hypes and talks about cryptocurrencies which is also called as the virtual digital currencies. Some countries are favouring it, calling it a revolution in global economy… Read More
2024-01-02 07:38
Introduction:The collaborative approach to property sales in India, where sellers join forces with dealers, offers a unique set of advantages in terms of market reach and efficiency. However… Read More
2023-12-22 11:05
IntroductionIn the ever-evolving landscape of business, setting up a subsidiary under your current company, also known as a parent company, can be a strategic move. This article explores the… Read More
2023-12-14 04:51
For taxpayers, grappling with income tax is a significant challenge. The complexity intensifies for non-resident Indians (NRIs) due to special regulations and a dynamic regulatory landscape… Read More
2023-11-29 06:11
India, the world’s fifth-largest economy and a hub for innovation and entrepreneurship, presents vast opportunities for those seeking to establish a company. With its dynamic economy… Read More
2023-11-09 11:18
Living far away from home doesn’t lessen the connection for Non-Resident Indians (NRIs). It’s a mix of pride and responsibility. But besides the emotional ties, NRIs deal with tr… Read More
2023-10-12 09:40
Voluntary winding up occurs when a company is no longer profitable or its owners decide to cease its operations. However, winding up a company is not a simple matter of abandonment; it invol… Read More
2023-10-09 12:04
What is GSTR-9 Annual Return? GSTR-9 is an annual return under the GST regime that consolidates all the monthly/quarterly returns filed during a financial year. It is a comprehensive documen… Read More
2023-09-25 09:57
Introduction In the ever-evolving landscape of financial management, staying informed about essential tools like the Universal Account Number (UAN) and Know Your Customer (KYC) is paramount… Read More
2023-09-15 07:53
In our interconnected global economy, the terms “foreign trade” and “foreign investment” are often used interchangeably, but they represent distinct economic activiti… Read More
2023-08-23 05:39
In the realm of international trade, the Goods and Services Tax (GST) has brought about a revolutionary change, streamlining processes and promoting ease of doing business. One of the key be… Read More
2023-08-16 11:52
In the realm of taxation, the Goods and Services Tax (GST) has brought about a significant shift in the way businesses operate and interact with the tax framework. Among the various provisio… Read More
2023-07-29 07:47
Introduction: As a business owner, managing finances effectively is crucial for the success and growth of your company. Accounting plays a pivotal role in ensuring financial stability and co… Read More
2023-07-07 11:48
GST (Goods and Services Tax) registration is a crucial requirement for businesses operating in many countries, including India. It grants the businesses legal recognition and allows them to… Read More
2023-06-22 06:43
Introduction: Filing your income tax return (ITR) accurately is a vital financial responsibility that individuals and businesses must fulfill. Accurate ITR filing not only ensures compliance… Read More
2023-06-09 11:25
Introduction:Foreign Direct Investment (FDI) has become a critical driver of economic growth and development in today’s interconnected world. This article aims to shed light on the imp… Read More
2023-05-27 06:23
Introduction: In today’s competitive business landscape, protecting your brand identity is crucial for long-term success. Trademark registration provides the legal framework to safegua… Read More
2023-05-22 12:24
Have you ever wondered how the accurate worth of a company or asset is determined? The answer lies in obtaining a Valuation Certificate. Let’s explore the intricate world of valuation… Read More
2022-10-14 07:20
In India, for the purpose of income tax, there is “Pay as you earn scheme”. As per such scheme, every person is required to pay tax through TDS/ TCS and advance tax, during the y… Read More
2022-09-13 12:56
Can you imagine a situation, when even before receiving your hard earned money in your bank account, government demands tax on such income twice the amount for which you are actually liable?… Read More
2022-08-23 11:13
Goods and service tax is a major factor which has a potential to cover the economic base of the country along with its sidelines also India is not just one of the biggest performing nations… Read More
2022-07-21 11:06
The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022. Looking at the swift pace, with which the new TD… Read More
2022-07-11 10:03
July 1st of every year will be the CA day. The 74th
Anniversary of its foundation will be celebrated by the Institute of Chartered
Accountants of India (ICAI) on July 1st as it is 2022. To… Read More
2022-06-29 10:21
Section 194H contains guidelines about tax deductions on the amount paid as brokerage or commission. Entities making a payment as commission or brokerage to a resident have to make a ta… Read More
2022-06-20 11:43
As of now the LLP Services have been discontinued on V2 portal and have been migrated to Version 3 (V3) portal.
V3 is an enhanced version of the V2 portal and is presently live only for LLP… Read More
2022-06-09 12:56
The Finance Act, 2022 substituted subsection (4) and (5) of section 12AB with a new subsection (4) which provides a list of ‘Specified Violation‘ if undertaken by the assessee re… Read More
2022-06-01 10:23
When we talk about related party or RPT (Related Party Transactions) or any law relating to it, there are multiple authoritative guidance which talk about related party, Related party… Read More
2022-04-26 13:04
Slowly and steadily after a long gap, several countries have opened their door for foreign tourist. Last two years have been worse hit for travelling both domestic & international whethe… Read More
2022-04-19 06:08
There has been a lot of confusion between the meaning of salary and payroll. Many people uses the terms “Salary” and “Payroll” interchangeably. However, there is a co… Read More
2022-04-12 12:34
Filing of Updated Income Tax Return Finally, provision of filing an updated income tax return has been introduced in Income Tax with effect from 01.04.2022. An assessee, whether he has filed… Read More
2022-04-01 07:43
Payroll tax is defined as the tax that is withheld, charged, or levied on the employer’s payroll. This includes wages, gross salaries, perks, and any other form of remuneration paid to… Read More
2022-03-31 05:31
Cryptocurrency and Income TaxClarification on the taxation of cryptocurrency in India was highly awaited for the crypto holders. With the introduction of Budget 2022 the government has annou… Read More
2022-03-28 06:01
Property purchases using companies have become increasingly popular in recent years.
If you are a business owner, contractor, or independent professional who operates through a company, you… Read More
2022-03-21 10:03
If you have not linked your Permanent Account Number or PAN with Aadhaar card, be ready to pay higher Tax Deducted at Source (TDS) from next month. The last date for linking your Aadhaar num… Read More
2022-03-12 09:36
Any person aggrieved with the order passed by an adjudicating authority can file an appeal in GST before the First Appellate Authority.
Who is Adjudicating Authority?Adjudicating Authority i… Read More
2022-02-24 11:08
Cryptocurrency is a form of virtual digital asset which is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of assets. It ha… Read More
2022-01-25 08:31
In the last two years, startups in our country faced unprecedented challenges due to the ongoing pandemic. Funds dried up for most, many entrepreneurs reeled under the multiple taxes, and q… Read More
2022-01-20 10:59
The income of a non-resident Indian (NRI) earned in India is taxable. Whether a person will be classified as NRI or not will depend on the number of days he or she has stayed in India and th… Read More
2022-01-17 07:09
Real estate sector is one of the major economic sector for any country, especially India where this sector is getting the attention in the recent years. In this article we are going to discu… Read More
2022-01-08 05:13
The Division bench of the High Court of Delhi in the case of Mon Mohan Kohli Vs Assistant Commissioner of Income Tax & Anr. quashed all reassessment notices on 15th Dec, 2021 issued by t… Read More
2021-12-30 11:50
ROC Compliances: Extension of deadlinesIn addition to the Ministry’s General Circular No.17/2021 dated 29.10.2021, it has been decided that no additional fees will be levied for t… Read More
2021-12-23 06:22
An approved SRN can be cancelled and the entire process is offline and consists of following steps and documentation: –
Visit the respective ROC of the States, where the registered off… Read More
2021-12-14 11:17
Section 194J of The Income Tax Act 1961, pertains to deduction of tax at source in case of fees for professional or technical services. It applies to TDS on payment of any sum by w… Read More
2021-11-10 10:06
FCRA i.e. Foreign Contribution Regulation Act was earlier enacted in year 1976 by Ministry of Home Affairs (MHA) to regulate the foreign funding that received by various charitable institute… Read More
2021-10-26 12:11
As per Section 17CA of Income Tax Rules (1962), an Electoral Trust (ET) is a non-profit organization established for orderly receipts of voluntary contributions from any person for dist… Read More
2021-09-29 12:43
The Government of India has framed Income Tax laws governing the taxes to be levied on the taxable income of all persons who are Individuals, HUF’s, Companies, Firms, LLP, Association… Read More
2021-09-23 11:41
Section 80G of the Income Tax Act, 1961 enables an assessee to claim deduction for donation made by him to certain organizations. This deduction is subject to certain conditions. The motive… Read More
2021-09-15 10:33
LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Mic… Read More
2021-09-01 11:04
Pursuant to Sec 56 of LLP Act along-with schedule 3 deal with conversion of Private Limited to LLP
PRE-REQUISITIES:
> Every member of the company must agree with the decision of conversio… Read More
2021-08-25 09:56
The seeds of financial crisis were sown long back when the interest rates were fiercely low with very lenient lending norms leading to creation of housing price bubble in U.S. The bubble bur… Read More
2021-08-13 07:49
Technology plays a vital role in today’s world making our daily lives simpler. From medical diagnoses to business operations, from communication to education, everything seems impossib… Read More
2021-08-07 10:05
As per Section 12 of the Companies Act, 2013, any Change in the Registered Office of the Company, shall be reported to Ministry of Corporate Affairs, further many companies due to vario… Read More
2021-08-04 07:58
21st century world largely operates under a Global Economic System. International Business is the buzz all around & businesses are not confined to boundaries. It involves cross bord… Read More
2021-07-26 12:34
A Start Up in common parlance means a project undertaken by entrepreneur seeking to develop a scalable business model. The Government of India in order to streamline and promote al… Read More
2021-07-23 05:44
As per Section 194Q the buyer, whose turnover or gross receipts or total sales is exceeding Rs. 10 crores in a financial year immediately preceding the relevant financial year, shall be liab… Read More
2021-07-16 11:12
Economic liberalization has resulted in robust growth over the years and has made India an attractive investment destination hub globally. COVID -19 pandemic has surely disrupted the growth… Read More
2021-07-14 12:44
In India a Non-Profit Organization can be registered in three ways particularly:-
> Trust: By executing Trust Deed and get it registered with the Registrar of Trust,
> Society: wi… Read More
2021-07-08 05:32
Foreign Exchange management Act, 1999 (FEMA) was passed on 29th December 1999 in Parliament replacing the Foreign Exchange Regulation Act (FERA). The new regime is made consistent… Read More
2021-07-03 05:16
Filing of charge gives security and empower the charge holder that in case the Company makes a default for the repayment of the loan, then charge holder can get the claim amount from the sec… Read More
2021-06-30 05:13
The Foreign Exchange Management Act, 1999 (FEMA) is an act of the Parliament of India to consolidate and amend the laws relating to foreign exchange with the objective of facilitat… Read More
2021-06-23 12:25
The term Export generally refers to Exports of Goods but that reference is a passé now. Export of Services is the emerging trend as it widens the scope of exports… Read More
2021-06-16 09:41
One Person Company
SECTION 2(62): ‘One Person Company’ means a company which has only one person as a member.
Who Can Be Member Of OPC?
Rule 3 of Company Incorporation… Read More
2021-06-11 11:27
The Government is always concerned about the country’s exports and therefore, they are pretty keen to pamper the exporter by incentivizing and providing certain privileges to them. On… Read More
2021-06-02 07:15
Cryptocurrency is one of the most highlighted ingenuity of the decade. Various countries deal with cryptocurrencies differently, e.g. in the USA, Bitcoin is treated as an asset. At the same… Read More
2021-05-29 04:10
Amid the verge in COVID 19 cases in this second wave of the deadly pandemic, unfortunately, we have faced a lot of deaths in this second wave. Therefore, it is pertinent to discuss the tax i… Read More
2021-05-26 09:45
Ministry of Corporate Affairs in view of COVID-19 has taken the following measures to reduce the compliance burden and other risks
General Circular No. 08/2021 : TIME GAP BETWEEN TO BOA… Read More
2021-05-24 09:47
There are many items which has different treatment in Income tax
v/s treatment under GST Laws. So while auditing we should careful about the
same.
As
per charging section of GST act, GST sha… Read More
2021-05-22 06:37
It is a widely held view that every crisis also presents an opportunity. Given the prevalence of inequality in Indian economy, the implementation of a fiscal stimulus across sectors will not… Read More
2021-05-19 11:10
The Finance Act, 2019 introduced a new section, Section 194N which brings the concept of TDS on cash withdrawal. In order to strengthen the Digital Economy and to curb on physical cash movem… Read More
2021-05-14 10:46
Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous product… Read More
2021-05-11 10:28
Section 197 of Income Tax Act, 1961 contains the provisions for Lower Deduction Certificate. Generally, where the actual income tax liability on the income of the assessee is less than the T… Read More
2021-05-10 04:20
Dear Clients,
On 4th May 2021, our team suffered a terrible and an irreparable loss, Mr. Neeraj Bhagat- Founder, Neeraj Bhagat & Co. passed away. He was the pillar of the organiz… Read More
2021-04-29 11:56
India’s e-commerce sector stands 9th in global cross border growth. While China takes the first position, Japan follows India at the tenth place after India as per the global… Read More
2021-04-21 12:39
The Ministry of Corporate Affairs (MCA) has issued the Company (Accounts) Amendment Rules, 2021, Companies (Audit and Auditors) Amendment Rules, 2021 and made amendments to Sc… Read More
2021-04-08 12:31
An Export in International Trade means Goods and Services produced in one country and sold to buyers in another country (Foreign buyer). India’s Exports & Imports complete the term… Read More
2021-04-07 12:24
How to file Income Tax return when window to file the tax return is closed by Income Tax portal.
How to file Income Tax return when window to file tax return is closed
31st March, 2021… Read More
2021-04-02 10:02
Digital Technology is prevalent across every aspect of our daily lives and has transformed the way we live, communicate and conduct business. With an objective to Digitize Tax Administration… Read More
2021-03-27 09:47
Liberalised Remittance Scheme (LRS) is a measure to facilitate Resident Individuals (including minors) to remit funds outside India up to USD 250,000 or its equivalent in any freely converti… Read More
2021-03-26 10:10
1. What are the types of Companies that can be registered in India?–One Person Company (OPC)-Private Limited Company-Subsidiary of a Foreign Company-Public Limited Company-Limited… Read More
2021-03-18 09:58
India has asked non-resident citizens stranded in the country due to Covid-19 travel restrictions to submit relevant information if they faced double taxation.
India’s Central Board of… Read More
2021-03-17 07:57
A Foreign National need not be a resident to start a business in India, and there are several ways to set up a new business in India as:
Limited CompanyA company in India can be incorporated… Read More
2021-02-09 11:47
WHAT IS FRRO REGISTRATION:
Registration under FRRO is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas c… Read More
2021-02-05 06:28
The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. This year’s Budget lays focus on the seven pilla… Read More
2021-02-01 11:11
WHAT IS FRRO REGISTRATION:
Registration under FRRO is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas c… Read More
2021-01-04 06:26
With the globalization of Indian economy and increase in development of international trade the movement of workers across the world has also been increased. Social security is an important… Read More
2020-12-24 09:39
The valuation of goods is always a matter of concern especially where the goods are imported into India. The value determination may influence the price of goods in India and may impact the… Read More
2020-12-22 06:49
Foreign direct investments (FDIs) into India have been continuously growing as the country has one of the most facilitative policies to attract overseas investors, Commerce and Industry Mini… Read More
2020-12-11 05:12
Facility of unblocking EWB has now been provided to the taxpayers on the GSTN Portal. To avail this facility, the taxpayer would be required to file Form EWB-05. The application so filed wil… Read More
2020-12-07 11:28
The government on Monday issued a public notice, asking all the news websites, portals, aggregators and agencies to comply with the 26% foreign direct investment (FDI) policy for digital new… Read More
2020-11-17 06:37
In order to attract and promote FDI in order to supplement domestic capital, technology and skills for accelerated economic growth and development, the Department for Promotion of Industry a… Read More
2020-10-31 11:34
Any Business should base in a city where they have the best relationships with the business environment. This includes relationships with talent, suppliers, buyers, and investors.
Let us und… Read More
2020-10-23 05:15
Article explains Documents/Information needed to Form an Indian Company under Companies Act, 2013 and same includes Documents required from client’s end, Document required In case of B… Read More
2020-10-21 10:42
In terms of Rule 138 E (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their GSTR-3B returns, for a c… Read More
2020-10-19 10:57
A Foreign National can start a business in India without being a Resident and one can setup up a new business in India in any of the following ways:
A. Limited Company (Private Limited/Publi… Read More
2020-10-13 10:53
The Companies (Amendment) Bill, 2020 Assented by President as Companies (Amendment) Act, 2020, provides the following, namely: —
♦ To incorporate a new C… Read More
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