Blogs

Private Placement under Companies Act, 2013 (Section 42): What is it and How does it Work?

Category : Chartered Accountants
" For corporate houses, funding plays an extremely crucial role not solely because of investment, and to expand your business line but also to run your daily business. Corporate houses have three basic alternatives to cater to their funding needs using the following:   •            D... "

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01 Jun, 2022

Statement & Certificate of Section 80-G Donation - Form 10BD & Form 10BE

Category : Miscellaneous
" The CBDT (Ministry of Finance, Govt. of India)  has taken steps to prevent  bogus claim made by the assessee u/s 80G of the Act and ongoing fraud by the charitable entities registered u/s 12AB of the Act.   At present, there is no system either to check the authenticity of money receipt as issu... "

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27 Apr, 2022

Cryptocurrency And Income Tax

Category : Income Tax Law
" For crypto holders in India, the Income Tax and cryptocurrency clarification was much awaited. In 2022, with the Budget introduction, our Indian government also announced the norms of taxation on the same. The main points that are related to the Tax on cryptocurrencies in India are mentioned below. ... "

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15 Apr, 2022

SETTINGUP COMPANY IN INDIA BY INDIVIDUAL FOREIGN NATIONAL

Category : Company Setup
" SETTING UP COMPANY IN INDIA BY INDIVIDUAL FOREIGN NATIONAL Foreign Nationals of any country (excluding the resident of Pakistan, Bangladesh, Afganisthan, Srilanka, Nepal,  Bhutan & China)  can establish its place of business in India by incorporating a Company and can hold 100%  paid up equity... "

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09 Dec, 2021

Setting Up Company In India By Foreign Companies/the Company Incorporated Outside India

Category : Company Setup
" A Company incorporated outside India can establish its place of business in India by incorporating a Company in India and can hold 100% paid-up equity capital of the Indian Company in its name.    Following are the steps involved in Incorporation of Company in India along with detail/documen... "

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27 Nov, 2021

OUTSOURCING OF BOOK KEEPING & ACCOUNTS

Category : BookKeeping
" OUTSOURCING OF BOOK KEEPING & ACCOUNTS -  A tool to cut cost and increase efficiency.   Whether you are owner/CEO of MSME or  of a newly set up business entity of  foreign company in India, you need to prepare books of accounts of your organization in timely manner and duly complied wit... "

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27 Nov, 2021

COMPLIANCE UNDER GST ON BUSINESS RECONSTITUTION

Category : GST
" COMPLIANCE UNDER GST ON BUSINESS RECONSTITUTION In case of transactions of amalgamation of merger, one needs to take note of the fact that there are two different dates, namely, the effective date from which the scheme would be given effect (which has to be indicated while filing the applicat... "

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30 Jan, 2021

Advantages Of Payroll Outsourcing

Category : Payroll Outsourcing
" Payroll Outsourcing is a service provided by outside vendors to manage routine work of managing salary, wage calculation and payment and other necessary functions associated with remuneration. Payroll companies also offer additional services like envelope stuffing, automatic check signatures and dir... "

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30 Jan, 2021

LIMITED LIABILITY PARTNERSHIP SETTLEMENT SCHEME, 2020

Category : Legal Advisory Services
" The corona virus outbreak has posed serious challenges to India’s economy. Companies are reinventing themselves to survive and even thrive. Safe practices and best practices are being proposed across the board. The Government of India, Ministry of Corporate Affairs has set new opportunity to the c... "

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30 Jan, 2021

CLOSURE OF PRIVATE LIMITED COMPANY

Category : CLOSURE OF PRIVATE LIMITED COMPANY
" CLOSURE OF PRIVATE LIMITED COMPANY During last more than one decade now, after Government of India’s initiative for free flow of FDI in India, a number of foreign national(s)/foreign entities established Private Limited Companies in India after having Indian National as nominee director without... "

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30 Jan, 2021