With a little due diligence, it is probable for NRI’s to successfully invest in property in India for themselves and their family members. What all you required to do is invest a little time to understand the ins and outs of the governing nuances. NRI’s could transmit any immovable property to a person resident in …
Definition: Small Company means a company, other than a public company, • Paid-up share capital of which does not exceed Rs. 2 Crore; and • Turnover of which as per profit and loss account for the immediately preceding financial year does not exceed Rs. 20 Crore. Following companies shall not be considered as Small Company: …
Establishing up a private limited company is one of the highly endorsed ways to start a business in India. This category of the company offers limited liability for its shareholders with certain limitations placed on the ownership. A Limited Liability Partnership has partners, who own and manage their business. Although in Private Limited company registration, …
After the implementation of Goods and Services Tax (GST), the Government received some feedbacks on the advantages and disadvantages of GST. The GST acts as a Value Added Tax (VAT) and designed as a complete indirect tax charge on manufacture, sale, and consumption of goods as well as services at the national level. It shall …
Revolutionary companies are already conscious about benefits of internal audits, and they’re following audit transformation programs based on data analytics, artificial intelligence, and automation. If you have not grown there yet, learning about the advantages of internal audits is a wonderful place to start. Internal Audits: A Quick Overview Internal audits are a form of …
ISO (the alliance for Standardization) may be a worldwide federation of national standards bodies (ISO member bodies). The work of making ready International Standards is often dispensed through ISO technical committees. Every member body fascinated by an issue that a technical committee has been established has the correct to be pictured thereon committee. International organizations, …
MTSS (Money Transfer Service Scheme) is the most convenient option for the purpose of inward remittance of money abroad to India .It can be availed tourist travelling to India. Only Inward remittance in India is allowed. Under this , remittance can done in speedy & hassle-free manner. Inward remittance as it is known as under …
Management Audit is an assessment of the competencies and an analysis and capabilities of a company’s management in carrying out corporate objectives. It is an audit to examine, review and appraise the various policies and actions of the management on the basis of certain objective standards. It attempts to evaluate the performance of various management …
US tax returns are reports that contain data necessary to compute income taxes or other taxes and are sent to the Internal Revenue Service (IRS) or state or local tax collection authorities (such as the California Franchise Tax Board). Forms provided by the Internal Revenue Service or other applicable tax authorities are typically used to …
A stock audit is a procedure that a company must carry out at least once every financial year. As far as the stock audit procedure is concerned, it mostly entails counting physical stock and comparing it to computed stock stored by the company. The goal of doing so is to fix the discrepancy between book …