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When someone applies for a new PAN Card, they must input an AO code in one section of the application. It is requested at the very top of the Pan Application form. The AO Code is made up of four parts: Area Code, AO Type, Range Code, and AO Number.…

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…

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…

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.…

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,…

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.…

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…

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…

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…

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…