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Income Tax Compliance in India: Navigating the Tax Landscape

Category : Income Tax

" Income Tax Compliance in India, or the act of paying taxes as required by the Income Tax Act of 1961, is a crucial component of the Indian taxation system. Maintaining financial openness, increasing national revenue, and avoiding legal repercussions all depend on compliance with income tax legislati... "

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01 Aug, 2023

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Business Setup Services in India: Navigating the Path to Entrepreneurship

Category : Business Setup

" Due to its huge market potential and welcoming business environment, India is experiencing a rise in international investments and entrepreneurship. The complicated process of starting a business is made easier for would-be entrepreneurs and international investors with the assistance of Business Se... "

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31 Jul, 2023

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REVISED E-INVOICING LIMIT UNDER GST WEF 01.08.2023

Category : GST

" As per the latest notification (No. 10/2023 central tax) issued by the Ministry of Finance, from 1st August 2023, businesses registered under GST and having a turnover of more than Rs. 5 Crore in any financial year from 2017-18 will be required to comply with the e-invoicing provisions. This means t... "

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25 Jul, 2023

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How NRIs can Reactivate Inoperative PAN Cards - A Step-by-Step Guide

Category : NRI

" Introduction In the Indian financial landscape, PAN (Permanent Account Number) cards are vital for taxpayers, including Non-Resident Indians (NRIs). Recent regulatory updates have linked the status of PAN cards to Aadhaar, and the discontinuation of this linkage has led to some PAN holders' stat... "

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24 Jul, 2023

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What is e-FORM No. BEN-2 - COMPANIES ACT, 2013 (AS AMENDED)

Category : Company Law

" Every individual who is acting alone or together, or through one or more persons or trust, including a trust and persons resident outside India, holds beneficial interests as may be prescribed in the shares of a company incorporated in India or a right to exercise, or the actual exercise signifi... "

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07 Jul, 2023

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Understanding Section 8 Companies: Annual Compliances and Benefits

Category : Section 8 Company

" Section 8 companies in India are non-governmental organizations (NGOs) established to support and promote a wide range of activities. These companies are registered to assist underprivileged populations and industries. In this article, we will delve into the Section 8 Company Annual Compliance compa... "

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14 Jun, 2023

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Navigating the Special Drive Against Fake GST Registration: Strategies for Businesses to Ensure Compliance

Category : GST

" The government has launched a special drive to combat fake GST registrations and ensure tax compliance. Businesses must be prepared to face the challenges posed by this initiative and take necessary steps to protect themselves. In this article, we will discuss How to deal with Special drive against ... "

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14 Jun, 2023

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Taxation Rules for non-residents in India including Foreign Citizens

Category : Miscellaneous

" Incidents of taxation on Income earned by non residents in India depends upon his physical presence in India during last financial year. Whether an income earned by an individual in India or outside India, is taxable in India depending upon his stay in India rather than on his citizenship. Invariabl... "

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20 May, 2023

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Social Stock Exchange

Category : Miscellaneous

" Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange, that can help Social Enterprises to raise funds from public through the stock exchange mechanism. SSE will act as a medium between Social Enterprises and fund providers and that can help them to select those entities... "

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18 May, 2023

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GST Special all-India drive from May 16 to July 15, 2023

Category : GST

" GST department recently issued a circular on the issue of unscrupulous individuals misusing the identity of other persons to obtain fake/bogus registrations under GST, with the intention to defraud the government exchequer. Such fake/non-genuine registrations are being used to fraudulently pass o... "

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18 May, 2023

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Mandatory Audit Trail under Companies Act, 2013 wef 01.04.2023

Category : Company Setup

" As per Rule 3(1) of the Companies (Accounts) Rules, 2014, every company which uses accounting software for maintaining its books of account shall use only such accounting software which has a feature of recording the audit trail of each and every transaction, creating an edit log of each change m... "

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18 May, 2023

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Various Legal And Regulatory Requirements For Procedure For Conversion Of OPC Into Private Company

Category : Miscellaneous

" One of the most common ways to convert a Person Company (OPC) into a Private Limited Company (PLC) in India is through the process of conversion. The process of conversion involves several steps and requires compliance with various legal and regulatory requirements. Below, we will explore the... "

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13 Apr, 2023

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