So, you are planning to make payment or money transfer outside of India,
we need to follow certain rules and compliances for such transactions and
Certain Foreign remittances have tax implications which sometimes are
missed out by the tax payers. As per the Income [...]
In our daily life we focus
on arranging our finances for immediate needs like paying school fee, arranging
funds for EMI on car or home loan, buying clothing, and the list is endless.
In order to improve the
quality of our daily life, we need to take control of our finances. [...]
As per CGST Act, input tax credit for following goods and
services are not available or is ineligible:
1. Motor Vehicles or
ITC cannot be claimed on
motor vehicles if they are used for self-consumption by companies or
However, ITC can be claim[...]
80TTA provides a deduction on Income earned from Savings Account.
Deduction allowed is Rs. 10,000/-. It is not applicable on Interest earned from
Fixed Deposit, Recurring deposit and any other Time Dep[...]
Introduction to INC 32 - SPICeSimplified Proforma for Incorporating Company ElectronicallyCompany
is a type of entity wherein the liability of its shareholders is
limited to their shareholding in the Company. Companies in India are
governed by the Company Act, 2013 (includi[...]
new section has been inserted in Income Tax Act, 1961 with effect from
Assessment Year 2018-19 (Financial Year 2017-18).
Under this section, fee
(penalty) is levied if the Income-tax return is not filed within due date.
Earlier penalty for delay in filing o[...]
in the limit to opt into the scheme has been increased from Rs. 1 Crore to
Rs. 1.5 Crore.
effective changes to GST Composition
scheme for both suppliers of goods and services will apply from
1st April 2019.[...]
ALL YOU NEED TO KNOW ABOUT
STEPS INVOLVED FOR COMPANY INCORPORATION IN INDIAStarting a company requires a lot
of planning and activities and more than that there are a number of formalities
which need to be complied with. Detailed procedures and paper works are
involved in or[...]
As per sub-section (1) of section 22 of
CGST Act, 2017, the following categories of persons shall be required to be registered
under this Act–
ii. casual taxable persons making taxable supply;
As per provisions of Section 252(3) of Companies
Act, 2013, following persons can file application in NCLT for restoration of
name of Company in the records of the ROC.
are the Steps for Revival of Struck Company:-