Brief Introduction:- What is Section 194N?Every person, being-(i) a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);(ii) a co-operative society engaged in carrying on the business of banking; or(iii) a post office who is responsible for …
Section 194M As per the existing provisions of Section 194C and Section 194J, an individual or HUF, who are not liable to tax audit under Section 44AB(a)/44AB(b), shall not be required to deduct tax under the provisions of section 194C & 194J. Due to this many payments made by individuals or HUFs in respect of …
Note- the final hearing has not taken place as on 30.06.2019 *** ‘Quantified’ means a written communication of the amount of duty payable under the indirect tax enactment [Section 121(g)]. Such written communication will include a letter intimating duty demand; or duty liability admitted by the person during enquiry, investigation or audit; or …
India is known for many start-ups. We must have noticed that every day some of the other startups get established in our country. Due to globalization, the startup culture is showing a positive trend in recent times. This startup culture is mainly undertaken by those entrepreneurs who are ambitious and want to achieve something in …
A liability company (LLC) may be a company structure within the United States whereby the homeowners aren’t in person liable for the company’s debts or liabilities. Limited liability firms are hybrid entities that mix the characteristics of an organization with those of a partnership or sole ownership. While the limited liability feature is comparable to that of an organization, the supply of flow-through taxation to the members of an LLC may be a feature of partnerships. Understanding limited liability company (LLCs) Limited liability corporations (LLCs) ar a business structure that’s allowed below state statutes. The rules surrounding LLCs vary from state …
The purpose of business process re-engineering is to fully overhaul existing strategies. Business processes are redesigned from the bottom up with a renewed concentrate on the company’s mission and therefore the customers’ desires. for many firms, the first goal of BPR is to radically improve productivity, quality and value efficiency, reworking an organization that’s barely …