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Affidavit for Name Change of Minor in India
Here is the Name Change Procedure for Minors in India The process of changing one’s name is a process that brings with it certain legal obligations that have to be followed. The objective of these required obligations is to make sure that a citizen ...
One Person Company paid up Capital
A company is an entity created under law or by consent of law to carry on business for profit. It has shareholders who are owners of its shares. One Person Company is the simplest form of business entity in which an individual owns all the assets, ...
What is Indian Partnership Act?
The Indian Partnership Act, 1932 The Indian Partnership Act 1932 defines a partnership as a relation between two or more persons who agree to share the profits of a business run by them all or by one or more persons acting for them all. As we go ...
How to register Public Limited Company in India?
What are Public Limited Companies? A public limited company’s definition is the answer to the question - What are Public Limited Companies? Essentially, Public Limited Companies are Corporate entities that are registered under the Indian Companies ...
What is a Section 8 Company?
What are public limited companies? A public limited company’s definition is the answer to the question - What are Public Limited Companies? Essentially, Public Limited Companies are Corporate entities that are registered under the Indian Companies ...
How to Pay Advance TAX through income tax Portal?
On the TIN-NSDL portal, the income tax payment can be made online. Tax is one of the main ways the government makes money and uses the same for public welfare. However, as the Direct Tax TIN 2.0 services have been temporarily disabled by ITD, thus ...
Cryptocurrency Meaning
What is cryptocurrency? Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried ...
Partnership Firm VS LLP Tax Benefits
LLP vs Partnership Firm in India Partnerships registered under the Partnership Act, 1932 used to be a very popular form of Business Entity in India due to the simplicity of registration and ease of maintenance. With the introduction of the Limited ...
Payment Bank License
Payment Bank License A payment bank is a new model introduced by the Reserve Bank of India(RBI) which facilitates transactions like a regular bank with the exception of lending and issuing credit cards. Payment bank makes banking life better due to ...
Dissolution of Partnership Firm
How to Dissolve a Partnership Firm Dissolving a partnership firm means discontinuing the business under the name of the said partnership firm. In this case, all liabilities are finally settled by selling off assets or transferring them to a ...
E Way Bill
Eway Bill – What is Eway Bill? E Way Bill System, Rules & Generation Process Explained 1. What is an eWay Bill? EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot ...
Copyright Registration in India
Copyright Registration in India Explained – What , Why and How What is Copyright? A copyright is essentially a right not to copy someone’s work. A copyright gives the owner of the subject an exclusive right over his work. If a work is protected by ...
Professional Tax Registration West Bengal
West Bengal Professional Tax Professional tax is a State Government tax levied on the income received by employment, profession, calling, or trade. The Municipal Corporations of the respective states impose professional tax through predetermined slab ...
Dormant Company in Company Law
The concept of a dormant company is a concept recently introduced in the Companies Act 2013, which was not previously in the 1956 Act. The Indian legislature seems to have borrowed mainly from the legal provisions of the company operating in India. ...
Cloud Computing for Accounting
Cloud Computing for Accounting Cloud accounting software can revolutionize the efficiency of your bookkeeping, streamline your financial administration and provide a real-time view of your key numbers. But with so many platforms on the market, how do ...
Professional Tax Registration Documents
What is Professional Tax? In simple terms, if you are an individual who is employed and earns a regular salary, you are required to pay professional tax. Professional tax is a tax that is levied by the state government on every person who earns a ...
Professional Tax Registration Maharashtra
Professional Tax Registration In Maharashtra The State Government levies the professional tax on the professionals and members. The levy and governance of professional tax in Maharashtra is regulated under the Maharashtra State Tax on Professions, ...
Trade License Online
Everything about Trade License and its renewal Are you planning to start a new business and thinking about all the essential documentation you will need? Trade License, one of the important documents to start a business or a trade in a particular ...
Patent Registration
Patent Registration in India – Procedure, Requirements & Fees The complete patent registration process involves a series of steps which are to be mandatorily followed to get a patent in India. In this post, we will discuss the registration process ...
How to Calculate Tax on Stock Trading
Unlike capital gains, there is no fixed taxation rate when you have a business income. Speculative and non-speculative business income has to be added to all your other income (salary, other business income, bank interest, rental income, and others), ...
How to Remove Managing Director From Company
Remove a Director from the Company Every private company has to have a minimum of two directors, and any public company has to have at least three directors at any given time. Let us look at three possible cases during the removal of a director: ...
How To File TDS Return 24Q
Form 24Q – TDS Return on Salary Payment At the time of paying salary to an employee, the employer deducts TDS u/s 192. The employer has to file salary TDS return in Form 24Q. 24Q is to be submitted on a quarterly basis. Details of salary paid to the ...
ESI Registration Applicability
ESIC and its applicability Employees’ State Insurance Corporation (“ESIC”) is a statutory corporate body set up under the ESI Act 1948, which is responsible for the administration of the ESI Scheme. The ESI scheme is a self-financed comprehensive ...
Tax on Stock Trading in India
Today, there is taxation levied on every financial transaction made. Whether you purchase or sell products or services, taxation applies to every aspect of life. Taxation also applies to investment, and may affect how you invest in any instruments. ...
Import Export Code -Benefits
IEC (Import Export Code) – How to Apply for It, Benefits In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. ...
Resignation Letter from Director of a company
Resignation of Director in Company A Director in a company may need to resign or the Board may want to remove a Director for a number of reasons. The Director of a Company can resign from the Board by filing a resignation letter with the company and ...
The Age of Social Media Is Ending
Over the past few weeks, a flurry of discussion about the future of social media has been set off by investors punishing Facebook for its ten-year plan to build a metaverse and Elon Musk’s controlled demolition of his newly-acquired Twitter. ...
List of Top 10 companies Of India
Top 10 Indian Companies Category Market Cap (USD) Reliance Industries Oil and Gas $230.7B Tata Group Information Technology $186.7B HDFC Bank Financial $135.1B Infosys Information Technology $94.4B Hindustan Unilever Personal Care $85.6B Housing ...
PF online Payment: Process and Steps
The employee Provident Fund Scheme is one of the most useful employee beneficial schemes introduced by the Ministry of Labour. It is one of the ideal retirement funds. It is a type of savings account where both employer and employee contributes an ...
How to Update Mobile Number in Aadhar
An important document in India is the Aadhaar. The Government of India has made it compulsory for certain documents to be linked to the Aadhaar. If you wish to update any details on the Aadhaar card online, the mobile number must be linked to the ...
Foreign Liabilities and Assets Annual Return (FLA)
Annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by all the companies which have received FDI and/or made overseas investment in any of the previous year(s), including the current year (July 15 every year). As more ...
Right to Information Act- AN Introduction
Introduction Every citizen of India has a right to free speech and expression under Article 19(1)(a) of the Constitution of India. This right does not only cover the communication of information but also the receipt of information since without ...
Cash flow statement format & methods
Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a ...
How To Check Online Refund Status
Check Income Tax (ITR) Refund Status Online You require to ensure that you filed the right details of the bank account during filing your return of income tax. A person can check the status of the refund of income tax online through two methods. On ...
How to Change Address in Aadhar Card
Your name, residence, phone number, gender, and date of birth are all listed on your Aadhaar Card. If you want to modify your Aadhaar Card, you can do so by going to an Aadhaar Enrolment Center or using the Unique Identification Authority of India's ...
GST annual return applicability
As per the Finance Act, 2021, the requirement of GST audit and submission of GSTR-9C as certified by the CA/CMA was removed. As per the 43rd GST Council meeting that was held on 28th May 2021, the GST Council recommended that GSTR-9C may be still ...
Types Of Bank Account In India
Types Of Bank Account In India Bank accounts help you keep your money safe. At the same time, they also help you compound your investment or savings by allowing you to earn interest on your deposits. Banks operating in India fall under four ...
PAN Card Tracking Status
The Union Budget 2019 proposed to allow taxpayers to use Aadhaar instead of PAN to file income tax returns on or after 1 September 2019. It was proposed in the Union Budget 2019 that the income tax officers can allot PAN to taxpayers who file their ...
Driving License renewal online & offline
Did you know that the validity of your Driving Licence (DL) isn’t unlimited? It stays valid for a limited duration only. Thus, you must initiate the process of Driving Licence renewal in Delhi before the expiry date. In this article, we will answer ...
SBI Interest Rates for Personal Loan
SBI Personal Loan is offered @ 10.55% p.a. onwards for loan amounts of up to Rs 20 lakh and tenure of up to 6 years. SBI also provides pension loans of up to Rs 14 lakh for a term of up to 7 years. It also provides pre-approved personal loans with ...
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