Striking off a company name is another way to shut down a company’s operations. The Registrar of Companies (‘ROC’) may issue a notice to strike off a company in the Companies Register for certain reasons. The Company may also apply for the ROC to strike off its name from the Companies Register. This article provides […]
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Section 110 of the Indian Companies Act, 2013 contains the provisions of the ‘postal ballot’, Section 109 of the Indian Companies Act, 2013 contains the provisions of ‘Demand for poll’, and Section 108 of the Indian Companies Act, 2013 contains the provisions of ‘Voting by Electronic means’. This article provides an insight into the crux […]
The Employees’ Provident Fund Organization (EPFO) is a statutory agency established by the Indian government. As the largest social security institution in the country, it primarily encourages individuals to save for retirement, among other things. EPFO was created in 1951 and is managed by the Ministry of Labour and Employment. In this article we will […]
Are you concerned about compliances or want to learn more about what compliances under the Companies Act, 2013 and SEBI (LODR) Regulations are? This article will mostly cover compliance with the Companies Act, 2013, as well as the SEBI (LODR) Regulations. Compliance is defined as the ability to comply with directions, regulations, or requests. Every year, all […]
Every Indian citizen is required to pay tax if their income falls within the Income Tax bracket. The government relies heavily on taxation to fund its spending throughout the year. This funding is used for national development, infrastructure reform, and societal improvement, all of which contribute to the country’s economy. In India, there is a […]
Before we go into what a tax audit is, let’s define the term “audit.” The definition of audit in the dictionary implies that it is an official inspection of an organization’s finances and the creation of a report, often by an independent authority. A systematic review or appraisal of anything is another term for it. […]
In the instance of a conventional taxable supply, the supplier issues a tax invoice to the receiver, gets the money from the recipient including GST, and then discharges his GST responsibility to the government. It is known as a ‘forward Charge.’ In the case of ‘reverse charge,’ the supplier does not charge GST on the […]
A crypto currency, sometimes known as crypto, is a virtual currency that is protected by encryption. It is intended to function as a means of trade, with individual ownership records recorded in a computerized database. The fact that crypto currencies are not issued by any government body makes them immune to meddling and manipulation from […]
If you work as a freelancer, professional, or consultant, you are only required to pay income tax on half of your gross annual income. You can accomplish this by utilizing Section 44ADA of the Income Tax Act, 1962, Presumptive Taxation Scheme. The only stipulation is that your total annual income should be less than 50 lakh. […]
Know Your Customer, or KYC, allows banks and financial organisations to confirm the identification of their clients. As a first-time investor, you only need to complete this once. This post will educate you on the SEBI KYC Registration Agency (KRA) Regulations 2011. Table of Content Meaning of KYC Necessity of KYC Requirement of Documents for […]
Power, or electrical energy, is an important source of revenue for state governments because it is under the state list of the Constitution, and they collect electricity costs from users. This is one of the most disputed problems, whether it is considered a good or a service, and if GST applies to it. Furthermore, whether […]
The notion of marginal relief is intended to give a taxpayer with relief from surcharge levy if total income surpasses slightly more than Rs. 50 lakhs, Rs. 1 crore, or Rs. 10 crores, as the case may be. Thus, in the case of taxpayers (Individuals/HUF/AOP/BOI/artificial juridical person) with total income exceeding Rs. 50 lakhs, marginal […]
When planning to sell your company, it’s critical to evaluate its value before embarking on the M&A process. There are several methods for determining the worth of a company, as well as numerous reasons for doing a business valuation. Here is a detailed explanation of the company valuation process, including popular valuation methodologies, when and […]
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company has to attach the reports […]
Rule 11UA Income Tax Act applies to the initiation of unquoted shares. As per clause (b) of Sub-Rule 2 of Rule 11UA, a merchant banker and a Chartered Accountant are allowed to analyze unquoted shares under the Discounted Free cash flow method but now the only merchant banker can make estimates of unquoted shares […]
An Aadhaar card is a centralised and universal identification number supplied to every Indian citizen. The Aadhar Card is a biometric record that stores an individual’s information in a government database and is gradually becoming the government’s principal source of data for public welfare and citizen services. In addition, Finance Minister Nirmala Sitaraman recently proposed […]
Delivery time refers to the time at which goods/services are considered to be supplied ’. When the seller knows the ‘time’, it helps him to see the date on which to pay taxes. CGST / SGST or IGST must be paid at the time of delivery. Goods and Services have a separate basis for determining […]
XBRL is the language of electronic communication of business and financial data that transforms business reporting around the world. It offers great benefits in the preparation, analysis and communication of business information. It provides cost savings, high efficiency and improved accuracy and reliability for all those involved in providing or using financial data. XBRL […]
According to statistics, family-owned companies account for the majority of all enterprises in India, accounting for a substantial part of total employment. Unlike transactions involving third parties, the specific relationship between the persons transacting distinguishes a Related Party Transaction, which, if abused, can have catastrophic implications. Related Party Transactions (RPTs) may result in an […]
To highlight the enormous contributions made by MSMEs to the accomplishment of the Sustainable Development Goals of the United Nations, the United Nations General Assembly declared June 27 as “Micro-, Small-, and Medium-sized Enterprises Day” (A/RES/71/279) (SDGs). 90 percent of enterprises, 60 to 70 percent of jobs, and 50 percent of global GDP are […]
The residence status of a taxpayer is significant because the income tax department treats its taxpayers differently. As a result, it is critical for every taxpayer to verify their residence status prior to tax planning, computing tax payable, and filing. The Income Tax Department must determine a taxpaying individual’s or company’s residence status. It becomes […]
Once a company has merged, there is a set of compliance procedures that must be completed to maintain compliance with the Companies Act, 2013. All Corporate Companies are required to adhere to the applicable provisions and in the commencement of the Company’s business operations. Therefore, those who assemble the company must be aware of the […]
With many Indian company attracting foreign investors in the form of cheap, easy-to-access, and affordable investments, Foreign Direct Investment (FDI) has become commonplace in the Indian economy. Similarly, Overseas Direct Investment (ODI) which means that Indian companies investing outside of India have also increased in value several times (although they are still small in value […]
Liquidation is a process by which the legal position of a company ends. Companies are closed for various reasons but one of the main reasons is that companies fail to keep their promise to repay loans from creditors, working debtors, and other creditors. The previous liquidation procedure was done in terms of the provisions […]
As the financial year draws to a close, all leading employees find themselves working on their investments that will help with tax deductions. It is better to plan your finances in advance than to wait a year. The Government of India has introduced various tax savings programs that offer many benefits to leading employees. If […]
When companies issue shares in the market, purchasing shareholders are issued a share certificate. The basic sharing certificate serves as a receipt for the purchase and ownership of shares in the company. The document confirms the registered owner of the shares from a certain date. It transfers the rights and duties of a company member […]
One of the most crucial considerations that the promoters must make throughout the incorporation process is the amount of capital to put in the company. As the business grows, the company may consider expanding its operations, size, scale, or structure. To make that ambition a reality, additional money may need to be pumped into the […]
Section 42 of the Companies Act, 2013 provides that a company may be able to create a private placement for a particular group of people. Private placement by companies means giving away their securities or inviting them to register their securities for a select group of people without the process of issuing public securities […]
CARO 2020 represents the Companies (Auditor’s Report) Order, 2020. Section 143 of the Companies Act, 2013 states that auditors are authorized to report on matters relating to CARO. The CARO is an order that sets out issues that are considered necessary by the Ministry of Corporate Affairs (MCA) that auditors are required to comment on […]
The main purpose of the revisions to the Companies Act, 1956 was to have a simplified law that would address changes taking place in the national and international context, allow for the adoption of internationally accepted best practices and provide flexibility in responding to ever-changing business models. Also similar to what was introduced in the […]
The Input Tax Credit is a key concept of GST as it eliminates the declining effect of tax. A registered person is entitled to GST credit payable on imported goods or services and capital goods under certain exceptions and conditions. The input tax credit may be used by the registrant to pay taxes on goods […]
Although Partnership Firms do not have a separate legal entity, for Income Tax, they are treated as separate from their partners. These firms whether they are registered or unregistered are therefore required to register with the Income Tax Department and obtain a PAN Card Number. This article provides an insight into the income tax on […]
For almost two years India has taken a major step in the tax system through GST. Although there are many benefits to GST, the same is not useful for the GST portal. Both the portal and portal help desk did not provide enough information, which is appropriate for taxpayers. After graduating one year in 2018, […]
Although auditing is often regarded as stressful, a wealth of valuable information can be gleaned from these financial tests. Internal and external audits are performed for a variety of reasons. Both can help identify areas where a small business lacks internal control, efficiency, or compliance. This article provides an insight into the audit of a […]
Section 55 of the Companies Act, 2013 read with Rule 9 of the Companies Act (Share Debt and Capital), 2014 allows the Company to issue preference redeemable shares. Section 55 (1) imposes a ban on the issuance of irredeemable preference shares. This article provides an insight into the issue & redemption of preference shares under […]
Are you perplexed and unable to decide whether to file an ITR? Have you heard elsewhere that if your income is less than the basic exemption level, you should skip filing an ITR? Before you decide not to file your ITR, read on to learn about the benefits of submitting even if you are not […]
As provided for in the Companies Act of 2013, every company registered under the Companies Act 2013 or previous rules whether a private limited company, public limited company, small company, OPC, and category 8 company are required to file annual returns and annual tax returns whether they worked or not. Section 8 companies are also […]
The phrase “box office” may be dated back to the early Elizabethan era. When the general people used to attend to theatres to see plays, they were given seats on the ground level, commonly known as the ‘pit.’ Private boxes on the balcony were available for the wealthy class. Tickets for these boxes were sold […]
Are you also, looking for filing up of invoice of business? In that case you have landed up on the right place. The submission of ‘e-Way Bills’ on the unified GST platform facilitates the delivery of products from one location to another. Similarly, in its 35th meeting, the GST Council resolved to develop an e-Invoicing […]
When one fiscal year finishes and a new one begins, it serves as a reminder to all company’s registered in India to mark their calendars for all of the crucial due dates for Company Annual Filing. Be it a Private Limited Company or a Public Limited Company, a Small Company or a Large Company, they […]
Company annual filing refers to the completion of the audited annual financial statements of the Company and the report of the Directors and the company’s annual return with the Registrar of Companies. This annual supplement is mandatory for every registered Company regardless of whether the Company does business or not. This article provides an analysis […]
Exemptions, rate rationalisation, expansion of relaxations to Covid supply, exports, ITC, debit notes, late penalties, inclusion of specific items / services in tax net, and other decisions were made by the GST Council. The information is contained on the inside pages of this newsletter. All such recommendations will be carried out in due course. Based […]
When it comes to banks, we are all about banks and the system it provides when you visit or open a bank account. Bank and money are the words we commonly use in our daily lives, when we put our money in the bank we take it as the safest way. The bank offers the […]
The government introduced the Gold monetisation plan in 2015 with the goal of mobilization Gold and facilitating its usage for economic purposes, which would also assist reduce India’s reliance on Gold imports in the long term. India is the world’s second-largest Gold importer. The implementation of the Gold programme will relieve the government of the […]
Sukanya Samriddhi Yojana (SSY) started to provide Indian girls equality and freedom in terms of features and benefits. It offers great tax benefits as well, as well as is a reliable investment option. This article discusses Sukanya Samriddhi Yojana and tax benefits. Table of contents Sukanya Samriddhi Yojana Tax Benefits under the Sukanya Samriddhi Account […]
Prior to 1992, banks used to recognize interest on the whole portion of loans and advances, regardless of whether each loan advanced was good or poor. As a result, the following drawbacks have occurred. Banks formerly recognized interest on bad loans. Due to recognition of Interest on Income on full loans and advances it was […]
The Foreign Exchange Management Act, 1999 was enacted by the Indian Central Government to facilitate external payments and cross-border trade in India. FEMA (Foreign Exchange Management Act) was enacted in 1999 to replace FERA (Foreign Exchange Regulation Act) (Foreign Exchange Regulation Act). FEMA was created to address all of the flaws and shortcomings of FERA […]
Cash transactions have always played a significant role in the Indian economy and are a consistent source of black money accumulation. The government has recently implemented a number of measures to reduce cash transactions and increase digital payments. In this article, we will look at the Cash Transaction limit under Income Tax Act, 1961 & […]
In India, company registration is also known as corporate incorporation. It is a legal and regulatory process to enter a company (installation means a company registered with a company registrar). Registering a business it helps to identify the business as a separate entity and give it a separate legal life. This process in Ajmer is […]
External Commercial Borrowings (ECB) is borrowings made by an eligible entity in India from any recognised entity outside India for commercial reasons. Debt financing has traditionally been a favoured type of company finance due to inherent benefits such as security creation, minimum guaranteed returns, and tax efficiency for both the lender and the borrower. As […]
Do you want to start your business, or looking for how to add some additional place of business under GST? Then you have landed on a right place. You may open new offices or manufacturing plants as your company grows. You may also need to investigate other marketplaces. To do so, or for other reasons, […]
For most people, owning a home is a dream comes true. The Indian government has traditionally favoured encouraging residents to invest in real estate. This is why a house loan qualifies for a Section 80C tax deduction. And when you buy a property with a home loan, you get a slew of tax breaks that […]
Are you aware that non-resident Indians, or NRIs, must pay income tax in India? Not only do residential Indians pay taxes, but so do non-resident Indians. We are all aware that taxes collected from citizens form the basis of the Indian economy. The Income Tax Act, 1961 applies to anyone generating income outside their own country. The income […]
An Alternative Investment Fund (AIF) is a kind of investment fund in India. Investors use it for investing and getting benefits. In AIF investors collect the fund. Further, they invest it under different categories of investments as per the Securities and Exchange Board of India (SEBI) for the benefit of investors. In this present blog, […]
In layman’s terms, passing off takes place when a trader/businessperson/or another person makes a false representation to their client, leading them to believe that the goods or services they are providing are the property of someone else. The law of passing off is established under Section 134 (1) (c) of the Trademark Act, 1999. Section […]
Directors and Officers Liability Insurance is quite a new concept in the Indian Corporate Scenario. It is often termed D&O Liability Insurance and is a liability insurance policy. The policy pays in the form of reimbursement of compensation against any losses of defense expenses in any such events where an insured suffers a loss as […]
An Aadhaar card is a centralised and universal identifying number that is issued to every citizen of India. The Aadhar card is a biometric document that maintains an individual’s information in a government database, and it is quickly becoming the government’s primary source of information for public welfare and citizen services. Table of Content Background […]
Hey are you worried about compliances or you want to gain some valuable knowledge about, what are compliances under Companies Act, 2013? In this article we’ll majorly discuss about, Event based compliances as per Companies Act, 2013. So basically, the capacity to comply with commands, rules, or demands is referred to as compliance. Each year, […]
The Board’s report is a message from the company’s Board of Directors to its shareholders. The Board of Directors generally communicates about the company’s financial performance throughout the reporting period, as well as the influence of economic policies on the company and industry. In general, the directors convey their viewpoint and goals for the coming […]
Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by Indian law. This article discusses about the Corporate Social Responsibility (CSR) in India and mandatory requirements of CSR for companies. It gives a detailed analysis of how CSR is governed by Indian […]
Companies and LLPs in India must comply with the yearly filing requirements stipulated in the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Filing with the ROC should be done once a year or when certain events occur. The Ministry of Corporate Affairs released a series of notifications in the early months of […]
When you wish to create a financial business across India without RBI clearance and capital restrictions, registration of microfinance companies under section 8 is the best alternative. Section 8 microfinance companies can be established with microfinance aims for social purposes in order to assist impoverished people in reducing poverty. Under RBI’s master circular RBI/2015-16/15 DNBR […]
Nowadays, a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing as per the provisions of the Companies Act, 2013. After the incorporation of the company, certain compliances have to be done by the company like conducting the very first Board Meeting within […]
There are a lot of new-age companies that are not performing up to the mark in the market. They have no track record of having an operating profit in most of their years of working, yet routing towards IPO to raise funds. However, the Securities and Exchange Board of India has made changes in the […]
Companies and LLPs operating throughout India are required to follow the yearly filing requirements outlined in the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Filing with the ROC should be done on an annual basis or when specific occurrences occur. In the early months of the new calendar year, 2022, the Ministry of Corporate […]
When a taxpayer constructs a Challan, the amounts to be contributed to each Minor Head inside each Major Head are chosen by the taxpayer. The Electronic Cash Ledger is updated with the money under the Major and Minor Heads as per the Challan after the payment is received successfully and the CIN is notified to […]
Section 153 A of the Income Tax Act, 1961 specifies the system for assessing income in the case of a searched person. In terms of the stated clause, the Assessing Officer might frame assessment of a searched individual for six assessment years immediately proceeding the year of search. One such aspect is whether, when framing assessments […]
With the rapid change in time and fast development of technology, the world is racing towards perfection. India is a country that is very well competing in this race and is improving every single day. India is one of the most preferred countries for business start-ups and entrepreneurship. Since our nation is so vast and […]
The definition of Religious Trusts is not present under the Income Tax Act, 1961. The creation of a Religious Trust is mandated by the special law of a certain faith. Furthermore, in accordance with conventional principles, trust is only involved in the exercise of their own faith and belief. Most ‘Religious Trusts’ also fund other causes, […]
A company appraisal necessitates a working understanding of several criteria, as well as professional judgment and expertise. This involves recognizing the valuation’s goal, the value drivers affecting the subject company, and an awareness of industry, competitive, and economic aspects, as well as selecting and using suitable valuation processes and procedures. In this article we’ll try […]
The Atal Pension Yojana is a pension system that aims to provide a stable income to the working poor after they retire. All bank account holders are eligible for the Atal Pension Yojana. Any Indian citizen between the ages of 18 and 40 can participate in the initiative. The Government of India introduced the Atal […]
In India, gold is one of the most popular and respected assets. It has shown to be the strongest investment option for generating high returns over time, particularly during economic downturns. There are several gold-related investment options available today. On significant occasions and for celebrations, children’s weddings, and a variety of other reasons, people choose […]
Every business has to enhance its processes in order to prosper. Many are afraid to place within the time and money to do so. Even though it isn’t the most exciting aspect of owning a business, processing payroll is essential. Payroll systems date back to the 14th century, which is a pretty long time than we might […]
To reduce the risk of fraudulent transactions or manipulation in the books of accounts, the MCA has issued a notice requiring the company to use accounting software that has a feature of recording an audit trail of each and almost every transaction, creating an edit log of each change made in the books of account along […]
Employee Stock Options Plan (ESOP) is an employee benefit plan, that provides workers ownership interest in the company. This interest takes in the form of shares of stock. Further, this plan is offered to employees of the Company to allow the Employees to participate in the growth of the Company. This blog talks all about […]
There are different types of audits performed under different rules such as company audits/statutory audits conducted under the terms of company law, cost audits, stock audits, etc. Similarly, the Income Tax Act mandates an audit called ‘Tax Audit’. As the name itself suggests, a tax audit is a review or examination of the accounts of […]
A board of directors is a panel of people elected to represent shareholders. The board is in charge of protecting shareholders’ interests, establishing policies for management, oversight of the corporation or organization, and making important decisions on issues a company or organization faces. This blog talks about the ‘Composition of the Board of Directors of a […]
The typical payback time for a home loan is between 20 and 30 years. Owing to the difficulty of repaying your house loan and ensuring that your Equated Monthly Installments (EMIs) are paid on time, there may be times when you are unable to keep up with your EMIs due to unforeseen events such as […]
With the beginning of the new financial year FY 2022-2023, numerous rules and regulations have changed in respect of Income Tax. Some of the changes are in the areas of EPF (Employee’s Provident Fund), tax on crypto assets, tax relief on the treatment of Covid-19, etc. In this blog, we will discuss the, ‘4 Major […]
A Public Company is a type of company in which ownership is distributed to general public shareholders through the free sale of stock shares over-the-counter at markets or on exchanges. Even if just a small fraction of shares are originally distributed to the public, the daily trading that occurs in the market determines the value […]
The term mortgagee was firstly well-defined by the Transfer of Property Act, 1882. Since time immemorial it is seen that the property whether it be money, real estate, or the animal is kept as a mortgage during any financial crisis. In today’s time, those property is kept in the hands of the financial institution as […]
A company is a group of people who want to do some business activities after obtaining a legal existence. Among all the types of companies, Private companies and Public companies are the most popular. There are certain times and situations in which the conversion of private to public companies is needed. This blog focus will […]
Under Section 2 (31), ‘Person’ is an AOP or Association of Persons or BOI (Body of Individuals) or a Local Authority or an artificial judicial person, or not, that Person or Body or Authorities or a Legal Person, was established or merged for revenue, profit or gains. In this article, we will the definition of […]
Section 80CCC of the Income Tax Act of 1961 provides for deductions amounting to Rs. 1.5 lakhs per year for personal contributions to certain pension funds provided by health insurance. The deduction is within the 80C section limit. This article discusses the income tax deduction under Section 80CCC in India. Table of Content What is […]
As per section 50C, the calculation of capital gain of the sale of land or building or both is held as a capital asset. Further, this Section is not applicable in the case of land or building or both are held as stock. This present blog pays attention to ‘Section 50C of the Income Tax […]
Minimum Alternate Tax (MAT) was created to decrease the gap between the tax accountability under income calculation and book profits. Further, the objective behind MAT was to bring the ‘zero-tax paying companies’ within the ambit of income tax. It also makes them pay a minimum amount in tax to the government. Minimum Alternative Tax is […]
We’ve explored the necessity of medical insurance and its ability to sustain the financially viable in the event of an insured risk on several occasions. Insurance is a useful tool for risk transfer and minimization. In most cases, we transmit our liabilities to insurance firms in exchange for a little fee known as the premium. […]
Section 62 of Central Goods and Service Tax Act,2017, come into effect when a taxable person fails to file returns, as per requirements under section 39; or final return on cancellation of registration under section 45 of the Act, or; as the case may be. This blog talks all about section 62 Assessment under GST. […]
The tax taken on most of the goods and services sold for domestic use is GST (Good and Services Tax). This tax was introduced on 1st July 2017 through 101st amendment of Indian Constitution by the central government. Goods and Services Tax replaced all the prior multiple taxes of both central and state government. In […]
The executive board makes decisions and determines actions on behalf of a company in the corporate world. But how will this function in practice? It’s not quite as straightforward as the selections individuals make along the way. The goals set at this stage have such a significant impact on a significant number of people’s […]
Every GST taxpayer is assigned a 15-digit identifying number known as the Goods and Services Tax Identification Number (GSTIN). Prior to the implementation of the GST system, all merchants registered under the state VAT statute were assigned a unique TIN number. GSTIN has now taken the role of TIN. Before we delve into the specifics […]
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company has to attach the reports […]
The impact of GST on Public Trusts has increased the tensions of corrupted organizations that played with the hearts of people by breaking their belief in them. These changes have not affected those trusts which only aimed at charity work and social welfare. Earlier the public trusts were exempted from taxable liabilities if they get […]
A partnership firm is a business entity and is set up for the sole purpose of profiting from business. Two or more people form a formal agreement (known as a Partnership Deed) to own and manage a business. When the purpose is attained or the partners decide to end the partnership, it must be wound […]
With the expansion of trade across borders, the method and protocol of company formation have indeed been uniform and streamline. However, with a rising range of rules and ensuring compliance, with fines for late compliance the numerous business owners are finding it really hard to survive. However, they are looking for ways to escape the […]
It is necessary for all companies to furnish their annual accounts and file their annual returns as per the Companies Act, 2013. However, all the structured businesses i.e. Private Limited Company , Limited Liability Partnership etc are required to fill out certain forms annually or upon the occurrence of a specific event. However, in this blog […]
In India, youth folk’s entrepreneurship desires seem to be on the upswing. The main factor about this is that there are currently several more technology options throughout the nation and enabling transforming a business is incredibly easy. The main export items made in the region are hand-print fabrics, marble statuettes and enamel products. Jewelry, brass […]
India is on a mission to build a robust start-up ecosystem. This entire blog will be focused on one of the start-up schemes that is, the Start-up India Seed Fund Scheme(SISFS). Start-up India was first announced by the Indian Prime Minister, Shri Narendra Modi during his speech on eve of Independence day 2015. His was […]
The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in our nation, India. Profits from Non-Profit Corporations are subject to reinvestment in society’s benefit and progress. Furthermore, under Section 8(4) (ii) of the Companies Act, 2013, a conversion of Section 8 Company […]
E-commerce has developed dramatically in India, as more people purchase and sell products online as a result of cell phones and internet access. Previously, there was no defined handling of internet purchases under tax legislation. Moreover, GST has specific restrictions in place for e-commerce sites like Amazon and its vendors. In this article, we will […]