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CRUX of Section 108 109 & 110 of Companies Act 2013

CRUX of Section 108, 109 & 110 of Companies Act, 2013

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…
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EPFO issues Circular clarifying TDS on interest on PF contributions

EPFO issues Circular clarifying TDS on interest on PF contributions

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.…
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Compliances under Companies Act 2013

Compliances under Companies Act, 2013 and SEBI (LODR) Regulations

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,…
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Advance Tax under Income Tax Act 1961

Advance Tax under Income Tax Act 1961

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.…
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Income Tax Audit under Section 44AB

Income Tax Audit under Section 44AB of Income Tax Act, 1962

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…
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RCM on commission charged on global sales by E-marketplaces

RCM on commission charged on global sales by E-Marketplaces

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…
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Taxes on cryptocurrency

Taxation of Crypto currency in India

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…
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Presumptive Taxation Scheme for Freelancers/ IT professionals

Can IT Freelancers/Professionals Use the Income Tax Presumptive Scheme?

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…
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sebi kyc registration agency

Guidelines to SEBI KYC Registration Agency (KRA) Regulations, 2011

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…
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GST payable on Collection of Electricity

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…
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