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 …
The study or determination of tax on a person or entity subject to the tax rules of different nations is known as international taxation. Internal Revenue Services is the governing authority in the United States (IRS). Income tax returns are filed with the Internal Revenue Service (IRS) or with state or municipal governments. Forms mandated …
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 …
Amendments, related to GST refund, made into CGST Rule 2017 by Central Government on the recommendation via Notification No. 15/2021 Dated 18th May, 2021 with the help of FAQ’s. These amendments shall come into the force w.e.f 18th May 2021. 1. As per Section 54(1) of CGST Act, 2017 read with Rule 90(3) of CGST Rules 2017 Refund of any tax and interest …
Having a liberalized economy, India became one of the most developed countries at a global level. The franchising sector in India is expanding and this business model is recommended as a way for starting a company in this country. Those who want to open a company in India should know that a franchise business is established through a franchising contract. What are the most developed franchising …
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 …
The World Bank every year assign ranks to countries all over the world on the basis of ease of doing business in their countries. These rankings are allotted totalling the score achieved on 10 factors that play a major role in doing business. Top rankings are allocated to countries that have better, more specific regulations …
Looking for growing the routes for the market but plunge by maintaining the balance sheet? Or a freelancer who has no time for maintaining the balance sheet? If the solution is yes then the burden for conserving the tax are often released and one doesn’t need to worry during the tax filing season. What Is …
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 …