" 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... "
" 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... "
" 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... "
" 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... "
" 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... "
" 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... "
" 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 ... "
" 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... "
" 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... "
" 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... "
" 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... "
" 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... "