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You might have heard the word "Audit" so many times, well let us dive into this, what is "Audit", if you go by oxford "Audit is an official examination of the present state of something, especially of a company’s financial records" but the concept doesn't end here, there are various…

If you are registered under GST, you must know that it is not permanent, and the registration granted can be cancelled for stipulated reasons. The department can initiate the cancellation on their own motion (they cancel it), or you can also apply for cancellation of your registration. Due to some conditions as prescribed, any person…

Annual General Meeting, commonly known as AGM, is a mandatory yearly compliance requirement that every company needs to follow.  In the case, any company fails to conduct the AGM, it will be considered as default. As a result, the company would be subject to a hefty penalty. Therefore, it is…

As we all know that businesses are still attempting to grasp the changes needed in their current systems due to day to day changes in GST. The applicability of GST on food industry, services, and food items or products has put an end to all the cascading effects of several…

Trust implies the transfer of a property (cash, shares or valuable asset) from the owner to another person. There are two types of trusts – Private and Public. A private trust is formed for the benefit of a group of people. Public trust is formed for the benefit of the…

In the current Pandemic situation, taking medical insurance has become extremely important. Due to current COVID-19 situation, medical expenditures to cure diseases is now a regular expenditure especially for senior citizens. Medical expenditure also covers the hospitalization expenses for the senior citizen aged above 60 years. Section 80D of the…

Table of content · CSR Fund for CSR funding· Re-registering Under Form 10-A· Amendments to section 80 G· Fresh Registration under section 12AB· Inference Donations play a vital role in the management and functioning of NGO’s, trusts and charitable organizations. Many NGO's feel immune to different forms of taxation as they are non profit organizations…

If you are planning to set up your canteen business, then you are at the right spot. Here in this article, we will be focusing in detail how to start a canteen business in India. Demand of canteen business in India is very high.  To start a canteen business in…

In this article, we will be focusing on many points which is helpful for saving tax if we own a private limited company. This article will be very helpful for you to learn tax saving tips for private limited company. We have simple way to save tax i.e., give salary…

Following the 2016 demonetization, obtaining cash seemed a daunting task. During a time like that, more and more individuals started switching to cashless payments. Soon after, the National Payment Corporation of India (NCPI) developed and launched BHIM (Bharat Currency Interface) to provide effortless cashless payments. UPI (Unified Payment Interface) and…