In the modern world, each individual World Health Organization is curious about finance will thus with the only aim of constructing the maximum amount profit as doable. However, the risk-burden exchange continues to restrain some investors World Health Organization would rather be intimate during a riskless surroundings. Despite all the risks related to finance within …
One Person Company (OPC) could be a new type of business entity that enables one person to control a company entity with liability protection. The idea of 1 Person Company (OPC) in Asian nation was introduced through the businesses Act, 2013 to support entrepreneurs UN agency on their own square measure capable of beginning and …
A whooping numbers of more than three hundred thousand corporations being registered in india from 2016. Sounds stunning and wonderful, however this is often right and attainable solely owing to the amendment within the norms, rules and laws in incorporating a corporation by the Ministry of corporate Affairs. Prior to 2016 beginning your business in …
Government had increase threshold limit of Turnover for Composition levy from Rs.1 Cr to 1.5 Cr wide notification no.‐14/2019‐Central Tax dated 7th March, 2019. This notification will come into effect from 1st April, 2019.Now, any person having turnover up to Rs. 1.5 Cr. Can opt for paying GST under composition Scheme. Let us discuss provisions …
A registered Taxpayer can apply for transfer of Matched Input tax credit that is available in the Electronic credit ledger of taxpayer to another business/another registered taxpayer in case of transfer of business by way of merger/demerger/sale of business by filling of ITC declaration in FORM GST ITC‐02. But some doubts had been raised about …
Angel Tax refers to a money pool created by high net worth individuals or companies, generally called as angel investors, for investing in business startups. Various startups founder claimed that they received notice under section 56(2) (vii) (b) of Income Tax Act (“Act”) from Income Tax Department (“Department”) to pay taxes on angel funds raised …
What is e – commerce ?E-commerce means buying and selling of goods and services including digital products over digital & electronic network. What is E- Commerce Policy?Policy of Foreign Direct Investment (FDI) in E-commerce sector as provided by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India in Para 5.2.15.2 …
Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019– Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification. …
The Finance Minister in the Budget Speech 2016-17 had announced that a comprehensive central legislation would be brought in to deal with the menace of illicit deposit taking schemes, as in the recent past, there have been rising instances of people in various parts of the country being defrauded by illicit deposit taking schemes. The …
Ministry of Corporate Affairs issued a Notification on 21st February, 2019 to amend the Companies (Incorporation) Amendment Rules, 2014 through which it incorporated a new rule after rule 25 named as “25A. Active Company Tagging Identities and Verification (ACTIVE). MAIN CONTENT OF NOTIFICATION:‐According to aforesaid newly incorporated rule 25A of Companies (Incorporation) Amendment Rules, 2014 …