🔊 Play Trademark registration in India and anywhere in the world is important for any businesses. In simple terms, the trademark is a brand or logo which represents your business. It is a visual symbol that is used by the owner to distinguish its goods or services from other similar goods or services originating from different […]
It’s a smart decision to hire a business tax consultant
🔊 Play Why business consultants are in demand? Nowadays, business tax consultants are in demand because of the importance to keep your business record from bookkeeping, tax computation to filings that is done on a regular basis. The accountant you have hired may not be a professional, you need a business consultant who could cross […]
What are the consequences of not filing ITR?
🔊 Play Income Tax Act formulated by Indian Government states that those whose total income of the preceding year crosses the threshold limit which is not chargeable to tax, have to mandatorily file returns on income tax. Filling for income tax returns is simple if you have only salary income, for another source of income […]
Internal Audit Requirement Under Companies Law in India
🔊 Play If we talk about audit compliance in India, You must be aware that every company shall appoint the auditor and get the audit of financial statement done every year. This shall apply irrespective of whether a company is newly established or whether an existing company is under loss. Today we will discuss the […]
What comes after incorporating a foreign subsidiary in India?
🔊 Play Among several ways to bring foreign investment in India setting up a foreign subsidiary is the most popular and one of the best alternatives. When we as consultants help our foreign client establish their business in India by incorporating a company in India, We always make sure that they have proper guidance on […]
Cost of audit service in India
🔊 Play Any company in India needs to get their accounts audited (statutory) on a mandatory basis. There are other audits such as tax audit and internal audit which has certain criteria on the basis of which it is decided whether these audits are needed. Individual practicing Chartered Accountants qualified to do the audit or […]
Difference in statutory audit and tax audit requirement in India
🔊 Play An audit is the inspection of an individual or any legal entity’s books and accounts. In any audit, accountants verify that a company’s business transactions were recorded accurately, and provide a true and fair reflection of that company’s financial situation. Two major audit comes to our mind which are ruled by company law […]
Audit of a new company
🔊 Play Audit of a new company is mandatory irrespective of its volume or turnover. If you are into a business then it is essential to know your compliance requirement. Apart from handling your daily operations, it is important to know what are the regulatory authorities to whom you need to submit certain information or […]
Composition scheme under GST
🔊 Play Composition scheme is meant to make the life of small businesses easier. It’s an option wherein a taxpayer can opt to pay a fixed percentage of turnover as fees in lieu of tax and get relief from complying with other provision of law. Below are the important points: Precondition Those having a turnover […]
Know about Reverse charge mechanism under GST Regime
🔊 Play Reverse charge mechanism under GST It is called a reverse charge because under this mechanism, the person at the receiving end, that is the receiver of goods or service is liable to pay GST. CASES WHEN REVERSE CHARGE WILL APPLY The supply made by the unregistered dealer to a registered dealer. Services through […]