File your Income Tax Return(ITR) Government of India is enforcing the Income tax on the income of a person. Every person is responsible for Income tax filing whose income is above the maximum exemption limit specified by income tax act 1961. The Income tax dept make the assessment of theses these income return, and if …
E- Commerce Business Company Registration Brief Introduction Online shopping has become the new way of shopping for things with just a click. With the increase in the usage of internet, the e-commerce industry is witnessing higher growth prospects and increasing demand. Starting a web retail business is one among the most effective options during this tech-savvy world. More and more people are choosing online shopping in this era …
Income Tax Deductions to NRI in India BRIEF INTRODUCTION So as defined above, “a non-resident could be a one who isn’t resident in India”, therefore we need to know who shall be considered as Resident in India. NON-RESIDENT INDIAN Where the NRI stayed in India for 182 days or more during the financial year; OR …
Implication of Cash Transaction Under Income Tax Act, 1961 BRIEF INTRODUCTION Over the years there are lots of changes happening in terms of advancement and digitization within the business world. Digitization provides convenience and ease in doing business, along with, provides for keeping a check on the black money circulation, being practiced by many. Evasion practices or transactions in black money markets mostly happen in cash and …
RIGHTS ISSUE TO NRIS BRIEF INTRODUCTION Right issues refers to the further issuance of securities to existing shareholders and such an approach is used in rasiing additional capital for the corporate entity. A public Ltd. Entity is allowed to issue rights shares and the same is governed by the section 62(1) of the Companies Act, 2013. A rights issue is distinguished …
Re-Availment Of Input Tax Credit Reversed BRIEF INTRODUCTION As per the section 16 of CGST Act, 2017, the eligibility and conditions in respect of availment of input tax credit has been provided. Thus, every person, registered under GST, would be entitled to claim credit in respect of input tax, being paid by them on supply of products or services or …
Nidhi Company Frequently Asked Questions Q.: How does the Nidhi Company use the funds it receives? The Nidhi Company lends the cash to shareholders in accordance with Nidhi Rules. It lends such funds in the form of small business and financial loans. Q.: Are Nidhi Company deposits safe and secure? Deposits with such firms are …
All about the Director KYC DIR- 3 KYC Filing DIR- 3 KYC Filing- File DIR-3 KYC Before 30th September A director identification number (DIN) is a unique number assigned to a person who wishes to become a director or who is already a director of a corporation. In this digital age, submitting an eForm DIR-3 …
FAQS ON FCRA REGISTRATION Does FCRA regulated by the Reserve Bank of India? FCRA is an integral legislation, thus the same is not regulated by RBI. FCRA regulations are undertaken by the Ministry of Home Affairs, Government of India. Does FEMA apply to contribution received by the Indian NGOs? It is to be noted that …
Read about the Application of GST on Contribution By RWA Members BRIEF INTRODUCTION With the introduction of GST in 2017, Entry 77 was introduced via Notification No. 12/2017-CT dated June 28, 2017. As per the notification, exemption was granted in respect of contribution, being received by RWAs in way over Rs. 7,500. As per the clarifications issued …