Delaying ITR Filing Can Invite Penalty up to INR 10,000 An Income Tax Return (ITR) is a tax that files the income details of an Indian with the Income Tax Department. Tax returns are filed every year for any person whose income during the year exceeds the Indian government’s limit. You can generate your income…
Importance of DIR-3 KYC Filing The Ministry of Corporate Affairs (MCA) has made mandatory compliance requirements for all the DIN holders to file the form DIR-3 KYC, before 30th September, for the financial year 2019-20. MCA issues directors Identification Number (DIN) to those individuals who are appointed as a director of any company or is…
Take Your Business International Through Good Research on the Consumer Market If you want to expand your business and hack the market, then you must take your business international. The globalization of one’s business sounds fruitful and needs a lot of queries, research, time, dedication, and significant investment. Once a business grows as a global…
All You Need to Know About Compliance Rating and Its Benefits Compliance rating is the score given to a registered taxable person based on his timely filing of GST return and other necessary compliance. Compliance rating is dealt with Section 149 of the Central Goods and Services Act (CGST), 2017. And since the traditional tax…
A Complete Step by Step Guide on LLP Registration The Government of India announced a notice for the New LLP Registration on 18th September 2018. The changes for the LLP Registration process come into force on 2nd October 2018. The Government made amendments to the rapid incorporation of Limited Liability Partnership (LLP) Registration. Some new forms…
Know About the Ratification of the Pre-incorporation Contract and Its Validity To formulate the pre-corporation contract is considered to be the most complicated form of legitimate obligation for any company. Hence, it is advisable to take legal advice about the pre-incorporation contract to make sure that you are moving ahead in the right direction. It tends to set up…
Conditions Under which Change in Partnership Can Occur A partnership deed is an agreement between a firm’s partners, which states the terms and conditions, such as the profit-sharing method, a new partner’s admission, salary, and other details. Moreover, it is drafted at the time of the formation of the firm. Sometimes a change in partnership…
How GST Came into Existence Learn About GST Compliance Rating In 2017, the government of India introduced a new type of tax to take away the variation in the taxes paid by the people. This new tax is called GST or Goods and Service Tax that has removed many indirect taxes like value-added tax, excise duty…
Simplified and Detailed Process for LLP Registration Process in India India has become the preferred hub for the growing economic market. People are constantly looking forward to start their new venture here. If you are also looking forward to establish a new business in India then it is a wonderful opportunity for you to grow and excel…
The Ways in Which Outsourcing Company Secretary Can Benefit Your Firm Setting up and running a corporate is no easy task and involves several legal procedures and compliance requirements, which only a competent company secretary can handle. A secretary’s job is a responsible position and involves functions like organizing meetings, interacting with shareholders, maintaining records,…
