Benefits of Private Limited Company
October 30, 2020
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A Private Limited Company is the most common form to carry on a business as an entity intending to make
A Private Limited Company is the most common form to carry on a business as an entity intending to make
FSSAI is commonly known as Food Safety and Standards Authority of India which is an organization that monitors & governs
PIO also known as Person of Indian Origin is an identification status given to whom or whose any of the
Annual return on Foreign Liabilities and Assets (FLA) has been notified under FEMA which is required to be submitted by
Permanent Account Number commonly known as PAN issued to Non – Resident Indians (NRI), is a 10-digit alphanumeric number, issued
Import Export Code also known as IEC Code which is issued by the DGFT (Director General of Foreign Trade). When
In India’s Foreign Trade Policy, the term scrip has reference as ‘duty credit scrips’. DCS also known as Duty credit
DPT–3 form is the statement return which is needed to be filed by every company except government company which has
The National Anti-Profiteering Authority aka NAA is the statutory mechanism which come under GST law to check the improper profiteering
Transfer pricing termed as the prices of goods and services that are exchanged between two commonly controlled legal entities within
Director Identification Number also known as DIN, refers to a unique identification number allotted to an individual who is willing
Transfer pricing can be termed as the value which is attached to the goods or services transferred between related parties.
CMP-08 form filing need to be done by all composition taxpayers. Form CMP-08 is a form for quarterly return filing
According to Companies Act, 2013- section 96, companies need to hold their Annual General Meeting (AGM) within a period of
The concept behind introducing UDYAM Registration was to simplify the procedural format to register their business under Micro Small Medium
With the implementation of GST, tax applicable on sale of old and used vehicles was the same as on new
It is been said that, under the GST, credit would flow smoothly throughout the supply chain – meaning all taxes
Income tax is a tax imposed by the Indian Government on income of a person. Filing of income tax is
An amendment was made in the provision of section 50 of the Finance (No. 2) Act, 2019 to provide for
The Ministry of Corporate Affairs (MCA) has clarified that its recently announced decision of asking corporates and limited liability partners
The government has blocked fraudulent Goods and Services Tax (GST) refund claims worth Rs 1,875 crore, involving 1,377 exporters- according
What is TDS? TDS is a form of advance tax, TDS stands for tax deducted at source. According to the
GSTR-3B is commonly termed as the monthly summary return filed by a taxpayer and discloses supplies made during the month
Circular No. 78/52/2018-GST was issued to clarify the issue on 31st December,2018. 1. Where a service exporter located in India
For the first time since the rollout of E-Way Bill in India, the Uttar Pradesh State had mandated for vehicles
Electronic-way Bill – associate electronically generated document that is needed to be carried for movement of products price extraordinary Rs
The calculation of compensation Cess under GST is very similar to calculating GST. Compensation cess is applicable above the amount
Interesting fact about GST is that the interest under GST is calculated on gross liability. The provision of interest on
MSME Samadhaan Portal was established to entitle all the micro and small-scale enterprises of India. It enables micro & small
There is a doubt raise by two self-contradictory notifications which are Notification No. 11/2017-Central Tax (Rate) and Notification No. 12/2017-
APOB aka Additional Place of business is the place of business where taxpayer accomplish business related activities within the State,
Students of 1 year MBA for Executives & other programs leading to a management degree at the Indian Institutes of
Directors’ remuneration termed as the compensation the company gives to its directors for the services rendered. This can be done
DPT-3 form is a one-time return form of loans that need to be filed by a company that has outstanding
An Income Tax Return is a tax filling form, where a taxpayer reveals the details of his/her income, claims applicable
According to the Trademarks Act, 1999 and other amendments a trade mark means a mark capable of being graphically represented
When a non-resident sportsman comes to India for participating in any game or sport then a question arises which country
GST comes under the category of indirect tax which is levied on the supply of goods & services of different
E-Way Bill aka Electronic waybill is a unique document or bill that is electronically generated for the specific consignment of
If you are starting a company establishment in India. For companies that are looking to establish a business presence in
Over the last decade, Information Technology (IT) has gone through an exponential expansion phase in India and globally. This has
Composite Dealer An Assessee who comes under the Composition Scheme and is needed to comply with all the conditions mentioned
Tax audit leads to the verification of the books of accounts maintained by a taxpayer. Its purpose is to validate
MCA vide notification dated 22nd Jan 2019 came with two additional reporting where it wants to know the information about
Dividends are not free money — they are commonly taxable income but when and how you own an investment that
Conversion of loan into equity share capital is most credible method to raise capital without immediate investments. To carry out
