Are you aware of the fact that GST department has already put up lenses to check flaws? There are so many businesses who register under GST but they do not file returns. Mostly people are not aware of the fact that even if you are not selling or you have no transactions in the business […]
STATUTORY AUDIT OF FINANCIAL STATEMENTS OF COMPANY
The audit is an independent examination of the financial statements of an organization by an auditor. It is conducted to ensure that the financial statements represent a true and fair view of the financial position of the organization. Auditor presents the independent auditor’s report to the stakeholders of the company. There are various types of […]
APEDA Registration: Procedure of filing & tracking status
APEDA Registration: Agricultural & Processed Food Products Export Development Authority or APEDA is established in 1985 for the development and promotion of export of scheduled products. Under the APEDA Act, every person shall apply to the Authority to be registered as an exporter of the Scheduled product or Scheduled products before the expiration of one […]
Are you a salaried Taxpayer? You need to be alert with recent changes in Form 16!!
These changes have been introduced in form 16 to keep it on the same line with the changes that came in Income Tax return Forms as notified by CBDT for AY 2019-20.
Mistakes to avoid while filing Income Tax Return
Income Tax India e-filing: Income Tax is a tax that the government imposes on income generated by businesses and individuals. And, an ITR is a form in which a taxpayer furnishes information about his total income and tax payable on that income to the IT Department. In India, the ITR is filed online and the […]
ALL ABOUT COMPANY REGISTRATION IN INDIA
If you are planning to start business in India, the first & foremost step is to establish the legal presence of your business in India by registering your business in accordance to the applicable provisions of Companies Act, 2013. As a Startup, you have various alternatives to incorporate your business like Sole Proprietorship, Partnership Firm, One […]
How Should You Pay Income Tax?
The Government of India levies income tax on all income as per the provisions of the Income Tax Act, 1961. The Government of India has several mechanisms through which it collects income tax from taxpayers like Advance Tax, Self-assessment tax, Tax deducted at source (TDS) and Tax collected at source (TCS). Advance tax: Income tax […]
Mandatory Filing of e-Form INC-22A (ACTIVE) ‘KYC of Companies’
ACTIVE Form INC-22A Due Date Extension *E-Form INC-22A (ACTIVE) Last Date has been extended up to June 15, 2019* The Ministry of Corporate Affairs (MCA) has brought a new concept of Active Company Tagging Identities and Verification by the companies and introduces a new E-Form-ACTIVE. Companies for which Filing of e-Form INC-22A is required: Every company which […]
Understanding the New 2019 Federal Income Tax Brackets/ Slabs and rates?
Income Tax Brackets/Slabs & Rates applicable for FY 2019-20 are: Income Tax Slabs for FY 2019-20 for Individual, Hindu undivided family (HUF), Association of persons (AOP), Body of individuals (BOI), Artificial juridical person*: Income Up to ₹250000- NIL Income from ₹250000-₹500000- 5% Income from ₹500000-₹1000000- 20% Income more than ₹1000000- 30% Income Tax Slabs for […]
How to Check If Your PAN Card is Active or Not?
To take a dig over false issuance of PAN cards for illegal purposes, the government of India has recently deactivated 11 Lakh PAN Cards following duplication. These de-activated PAN Cards were either allotted to a non-existent person or in the name of people with fake identities. It is worth mentioning that it is mandatory to […]