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 …
A non-resident Indian is a native of India or a person of Indian ancestry who is not a native of India. A non-resident Indian (NRI) or a person of Indian ancestry (PIO) can open an NRI account with a financial institution such as a bank. A non-resident Indian (“NRI”) can open multiple accounts in India …
All individuals, HUF (Hindu undivided family), BOI (Body of Individuals), AOP (Association of Person), trust, the corporate are required to file ITR’s if their income exceeds the prescribed limit. There are different sorts of ITR available for various people. There are 7 ITR forms: ITR 1(SAHAJ), ITR 2, ITR 3, ITR 4(SUGAM), ITR 5, ITR …
Whenever people have queries regarding investing their money, Mutual Funds is a term that they often hear multiple times. Mutual Funds can be smart investments for almost any investor. But most times they do not know what is Mutual Fund or how does it exactly work. Mutual Funds are new age investments that offer adaptability and more …
1. Appointment of First Auditor of the corporate with 30 Days of Registration of the corporate As per Section 139 of the businesses Act, 2013 every auditor before his appointment shall provide his consent for such a meeting and submit a certificate that satisfies the standards as mentioned under Section 141 of Companies Act, 2013 …
Financial year or financial year in India, may be a time counted in 12 months, from 1st April to 31st March, when an amount of cash is earned. As per the Government’s tax policy, the income of this point is taken into account to be taxable within the succeeding year, that’s called Assessment year. during …
The Union Budget 2021-22 was presented by the Hon’ble minister of finance Nirmala Sitharaman on 1st February 2021 within the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m. This year’s Budget lays specialise in the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial …
The Ministry of Corporate Affairs (MCA) through a notification dated 18th December 2020, relaxed both the requirements and timelines for the Online Self-Assessment Proficiency Test Independent Directors must take under the amended Companies (Appointment and Qualification of Directors) Rules, 2014. Passing the Online Test was a prerequisite for every individual to pass for their name …
Introduction MCA on 24th of December, 2020 inserted the new rule 9A. The rule provides the extension in the time limit for the reservation of name. Rule 9 An application for reservation of name shall be made through the web service available at www.mca.gov.in by using web service SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus: …