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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…

Introduction As per section 68 of the Companies Act 2013, Buy-Back of shares is a process by which the company purchase it’s shares from the existing shareholders usually at a price higher than the market price. It is the option available to the shareholders to take exit from the company's…

Introduction As per Companies Act 2013 any class of shares that carry a preferential right with respect to payment of dividend and repayment or redemption of capital are called preference shares. Preference shares are of many types. One such type is Non-Convertible Preference Shares. Non-Convertible preference shares are those shares…

An e-way bill is an electronic medium to generate way bill for the movement of goods. It has to be generated on the e-way bill portal. A GST registered person cannot transport goods in a vehicle without an e-way bill, if the value of goods exceeds Rs 50,000. An e-way…

We often come across the term ‘tax refund’. Let’s understand what it means. A tax refund or tax rebate is a refund provided when the tax liability to the taxpayer is less than the taxes paid. Taxpayers can avail the benefit of tax refund on their income tax if the…

Income tax department have provided various deductions with a view to encourage savings and investments amongst the taxpayers from the taxable income under chapter VI A deductions. Let us discuss these deductions in detail:   Table of Content Section 80C – Deductions on Investments Section 80CCC – Insurance Premium /Section…

For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance. A Limited Liability Partnership has only few compliances to be followed every year which is amazingly low as compared to the compliance requirements placed on the…

Till now, there was no provision in the Companies Act, 2013 that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss. Public companies can now remunerate their…

Food plays an essential role in our lives. It gives us the required energy and nutrients that facilitate healthy development and helps one to stay active. However, one must ensure that the food consumed is safe. Food Safety and Standards Authority of India certifies that the food is acceptable for…