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In Companies, major decisions are taken by the board of directors. These decisions are in the form of resolution. A resolution is an agreement made by the members of the company in a meeting. It is a document in writing dealing with significant decisions. The Companies Act, 2013 discusses about…

Savings is something that our Indian households thrive on. To inculcate that habit further there are many institutions like banks, finance companies. There are also Non-Banking Finance Companies which are quite popular these days. The meaning of Nidhi is treasure, Today we will see that what all it takes to…

Any operating business needs funds for expansion as well as smooth running of the business. Now the business can choose to opt for borrowed funds or own funds. In case of companies own funds means equity or preference share capital. Now, again the company can choose to bring in new…

The director's report is a mandatory financial document attached to the balance sheet before the annual general meeting(AGM) filed at the end of every financial year. The main aim behind drafting a director report is to explain to the shareholders the financial positions and business operations of the company. Section…

The Companies Act, 2013 defines a company as a company incorporated in India to carry different types of businesses. Companies are formed under Companies Act, 2013. There are many different types of companies in India based on the functionality, and requirements of the promoters. In this article, we will be…

The due date for filing Income Tax Return is approaching. There are lots of things that cross your mind when you sit with your Form-16 to file the return. There are 7 ITR Forms notified by Income Tax Department. In this article we will discuss ITR-1 and ITR-2 Forms. Normally…

Companies Act, 2013 was introduced to replace the old Companies Act, 1956. The new Act brought along many changes as compared to the erstwhile Companies Act. In this article we will discuss about the changes it brought to concept of Financial Year. Financial Year is a very important concept for…

Table of Contents Why is linking of Aadhaar and PAN important? Consequences of not linking Aadhaar and PAN How to link Aadhaar and PAN in new e-filing portal? How to check status of Aadhaar and PAN linking? Conclusion Why is linking of Aadhaar and PAN important? Linking of Aadhaar and…

Table of Contents Tax Benefits on Home Loan (FY 2021-22) New Updates (Union Budget 2021-2022) Deduction available on Interest Portion on Home Loan Deductions available on Principle portion Special Deductions for first time home buyers Frequently asked questions Conclusion Tax Benefits on Home Loan (FY 2021-22) The following table gives…

How to Change Name of a Company Company is a separate legal entity in the eyes of law, an entity apart from its directors and shareholders. Name is the first and foremost thing that a company takes its identity from. Sometimes, the owners want to change…