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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…

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…

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…

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…

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…

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…

  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…

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…