Annual Compliances for a Private Limited Company This article is all about the annual compliances for a private limited company, before starting the topic there must be a brief understanding of a private limited company:- What is a private limited company? A private limited company is a company that is owned by a small group …
INTRODUCTION DTAA is the most important aspect for a Non-Resident Indian. Taxation becomes more complicated where the assessee is earning in more than one country. Generally, in the case of a Non-Resident Indian, earning income in India as well as abroad, are required to pay the income tax in India and abroad both at the …
Critical analysis of section 29a of ibc 2016 INTRODUCTION Section 29A under the Insolvency and Bankruptcy Code, 2016, plays a key role in determining the eligibility of Resolution Applicant for providing resolution plan in the Corporate Insolvency Resolution Process. Earlier, there were no provisions, restricting the defaulting promoters from participating in to CIRP of the corporate …
NEW INCOME TAX E-FILING PORTAL TO BE LAUNCHED FROM JUNE 7- NEW UPDATES The IT department is in communication with the Government, to launch their new e-filing portal www.incometax.gov.in, and the same be operational from 7th June 2021. The existing portal will be non-operational or Taxpayers and government between June 1-6. The aim of the new …
INVESTMENT ADVISOR REGISTRATION INTRODUCTION An investment advisor commonly known as a stockbroker, is a person or group of persons, making recommendations for investors and conducting various securities analysis, through direct management of clients’ assets or written publications and receive their fees in return. Securities and Exchange Board of India introduced a new concept of Investment …
Key provisions of NRI Taxability PERMANENT ACCOUNT NUMBER PAN card number is a ten-digit number designed with the unique alphanumeric combination. This number is required to be taken by all entities requiring payment of tax in India. It is issued by the Indian Income Tax Department. PAN card also serves as the national identification number …
The Goods and Services Tax (GST) is a tax that applies to both goods and services. The GST law is an indirect tax that came into effect on July 1, 2017 in India. Many indirect taxes have been replaced with GST, which is a single statute. In India, the GST law is a multi-stage, destination-based …
Introduction Firstly, an investor needs to have a source to buy cryptocurrencies. This can either be done through cryptocurrency exchanges or other service providers like PayPal. In order to explore management tools read about choosing the right cryptocurrency exchange here. After selecting the appropriate exchange, the investor will also require a cryptocurrency wallet to …
A new feature “core business activity” is introduced in GSTN. By using this option, a taxpayer needs to select his one core business activity on the GST Portal. Core business activity means the business your primary business that you need to select. Let’s say, if you are a trader then you may select the “trader” …
Understanding of FCRA Registration The Foreign Contribution Regulation Act, or FCRA, is a law that controls and regulates international contributions made within India. Any registered trust, society, agency, organization, or NGO must obtain or receive an FCRA Registration Certificate granted by the government authority to procure or receive any international donation or foreign grants. The …