Licenses & Registrations
Who can do Forensic Audit in India
A forensic audit is an evaluation and examination of an individual's or a firm's financial records to stem up evidence that can be used in a legal proceeding or court of law. Forensic auditing is a specialization within the accounting field, and most ...
Different Types of Audit in India
Now, an audit is compulsory, so an organization conducts an audit and arranges all the books and accounts to carry out the audit procedure. There are several types of audits. Amongst them, a financial audit is one of the most popular, and after that, ...
What is Statutory Audit in India
Statutory Audit Statutory Audit is a type of audit which is mandated by a Statute or Law to ensure true and fair view of the book of accounts of a Business is presented to the Regulators and the Public. Unlike internal audit, Statutory Audits are not ...
ITR Filing Last Date FY 2020-21 or AY 2021-22
ITR Filing Last Date FY 2020-21 (AY 2021-22) – Last Date to File ITR is Dec 31, 2021 – Income Tax Return Due Date The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. Taxpayers ...
Extension of due date of filing of GSTR-9 & GSTR-9C-FY 2020-21
The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification No.40/2021-Central Tax dated 29.12.2021 ...
MCA Extends Annual Filing Due Date to 15th Feb 2021
The Central Government has received representation seeking extension of Annual General Meetings for Financial Year 2020-21 citing many difficulties faced by stakeholders during the second wave of Covid-19 and consequent lockdown etc., accordingly, ...
Can you transfer shares from one person to another
Investors tend to open different Demat accounts over time, making it increasingly difficult to keep track of these accounts separately. Consolidating shareholdings into a single Demat account helps investors take a single look at all their stocks and ...
Cloud based small business accounting software
Small businesses that need basic invoicing and reporting capabilities will do fine with free or low-cost cloud-based accounting software. As your business grows, you can add more features and functionality. Businesses that have more complex needs ...
Cloud based accounting software
Online accounting software, cloud-based accounting software, or web-based accounting software represent the same terminology, i.e. accounting on the cloud. The trend for cloud accounting is quite popular among startups, small businesses, and ...
Website Designing & Development Services in India
Web design for beginners: a simple (but complete) guide Just getting started in web design? This guide will get you ready to tackle your first project as a beginner. Web design is a crucial component of the web development process. If you're ...
Cloud Based Accounting Software In India
Top 7 Cloud-Based Online Accounting Software for India GST Listed here are a few best cloud-based accounting software online for small businesses in India. Let’s take a look right below: 1. Real Books – Online Accounting Software Real books is one of ...
How to Pan Card Address Change
How to Change Pan Card Address Individuals who wish to change their address on their PAN card can do so online with relative ease. You will have to download the Change Request Form from the official NSDL website and fill in the required details. ...
Definition of private limited company
What Is a Private Company? A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public ...
Compliance for foreign subsidiary in India
Foreign Subsidiary Company Compliances in India All companies established in India must follow the rules and regulations set up by the government. This is in effect, regardless of whether Indian or Foreign entities or citizens own the companies. The ...
RERA Registration Process for Builders
RERA Registration Process for Builders The Real Estate (Regulation and Development) Act, 2016, mandates all developers of real estate projects bigger than 500 sq m or those with more than eight apartments to register the projects under the ...
Foreign subsidiary accounting
Consolidation of Foreign Subsidiaries and Exchange Differences CONSOLIDATION OF FOREIGN SUBSIDIARY Subsidiary with significant autonomy Every entity should have its functional or home currency – ie, the currency of the economic environment in which ...
Checklist for Incorporating Foreign Subsidiary Company
The foreign subsidiary company is an organization, which is wholly-owned or partly owned by the parent company, operating in one country with its parent company situated in another country. For example, a company incorporated in the USA (Parent ...
Incorporation of foreign subsidiary in India
Process Incorporation of Foreign Subsidiary / WOS Whenever anyone incorporates a Company in India as ‘Subsidiary” or “Wholly-owned Subsidiary (WOS)” of a Company incorporated outside India. Many questions came into notice like: (i) What are the ...
What is a Foreign Subsidiary Company?
A foreign subsidiary company is any company where 50% or more of its equity shares are owned by a company incorporated in another foreign nation. In such a case, the said foreign company is called the holding company or the parent company. For a ...
How to get registered in startup india
A startup is a newly established business, usually small, started by 1 or a group of individuals. What differentiates it from other new businesses is that a startup offers a new product or service that is not being given elsewhere in the same way. ...
Contract Labour Licence Registration Online
Process for Contract Labour Licence Registration Online Overview An Act to regulate the employment of Contract Labour in certain establishment and to provide for its abolition in certain circumstances and matters connected therewith. It applies:- ...
RERA Registration for Real Estate Agents
Who is real estate agent? A real estate agent is a person who works as an intermediary to facilitate the transaction and to stimulate fair practices between buyers and the builders. What are roles of real estate agents? 1. The agents must have all ...
How to start your own company in India
Registration of Own Company in India: Company registration in India starts with selecting a favourable business structure. Before you start giving the shape to your business, it is essential to choose a business structure that will be beneficial for ...
Startup India Registration Benefits
Startups are becoming very popular in India. The government under the leadership of PM Narendra Modi has started and promoted Startup India. Startup India initiative intends to build a strong ecosystem that is conducive for the growth of startups. It ...
Startup India Registration Online
Startup Registration India Online A startup is a newly established business, usually small, started by 1 or a group of individuals. What differentiates it from other new businesses is that a startup offers a new product or service that is not being ...
DIPP License for Start Up India Registration
Startup India Scheme The Startup India Scheme is an initiative of the Government of India in 2016. The primary objective of Startup India is the promotion of startups, generation of employment, and wealth creation. The Startup India has initiated ...
Rate of income tax on capital gains
Capital Gains Tax Capital gain can be defined as any profit that is received through the sale of a capital asset. The profit that is received falls under the income category. Therefore, a tax needs to be paid on the income that is received. ...
Income tax for salaried employees
All about Individual Income Tax Slab With the financial year 2019-20 coming to a close, it is time to review your tax liabilities and prepare to file your income taxes for the year. While there is still ample time to file your income tax, it is best ...
Section 195 TDS on Foreign Payments
1) Who is responsible to deduct tax under section 195 of the Income Tax Act, 1961? Any person responsible for paying to a non-resident, not being a company, or to a foreign company, shall deduct income-tax thereon at the rates in force. 2) Nature of ...
Income tax on long term capital gains
Long Term Capital Gains Tax (LTCG) Investments that provide returns over a longer period of time are called as long term capital gains or LTCG. All the investments that offer returns in periods that range between 1 and 3 years can be called as long ...
Tracxn Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Let’s have a detailed review of the company and analytics of the Tracxn Technologies IPO release date, IPO offer price, subscription, Tracxn Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its ...
Direct taxes v/s Indirect taxes in India
Introduction In India, the government’s right to impose taxes is derived from the Constitution of India, which divides the power to levy taxes between the state and central governments. All taxes charged in India must be accompanied by a law issued ...
Fusion Microfinance IPO Details & Analysis
Fusion Micro Finance Limited was one of the most recent additions to India’s top ten NBFC-MFIs in terms of assets under management (AUM) as of March 31, 2002. Furthermore, CRISIL experienced the third quickest gross loan portfolio growth of 44 per ...
Is Dividend Income Taxable in India?
As a taxpayer, you may be unsure about how to treat dividend income while filing your tax return. Do you need to pay tax on dividend income? Finance Act 2020 shifted the taxability on dividend income from the hands of the dividend declaring the ...
Puranik Builders IPO – Review, Allotment Status, Subscription
Let’s have a detailed review of the company and analytics of the Puranik Builders IPO release date, IPO offer price, subscription, Puranik Builders Limited IPO allotment, grey market price, and other details like the company’s background, its ...
How to get under Mudra Yojana in India?
Medium and small businesses are often incapable of availing loans from banking institutions due to lack of security and inadequate funds for paying off the interest. Helping these businesses grow would ultimately lead to the advancement of the ...
Taxation of gold and gold products
In this article we discuss basic aspects of taxation of gold, Taxation of gold purchased, Taxation on sale of gold received by inheritance or gift, Taxation of Gold Exchange Traded Fund (ETF), Taxation under gold monetisation scheme, Taxation of ...
GST on Reimbursement of expenses by Supplier
With the globalization of businesses being on the rise, there has been an equivalent rise in the complexity of transactions. The management for the smooth conduct of their business receives various goods and services from different suppliers. ...
Procedure for Registration as Legal Heir on the New Income Tax Portal
The New Income Tax Portal has now enabled the Registration as Legal Heir, which will ensure easy filing of Income Tax Return (ITR) of the deceased person. One has to perform the following steps to register as Legal Heir on the Income Tax Portal- Step ...
Drug License – Application, Documents, Registration, & Forms
Ensuring everyone has equal and fair access to drugs and medicine is the primary concern of any government. But the right to manufacture and sell treatments and drugs has to be given cautiously. Hence the government has stringent rules for granting ...
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