Understanding GST on Professional Services in IndiaGoods and Services Tax (GST) applies to various professional services in India, including consulting, legal, accounting, medical, and IT services. Professionals offering services beyond…
Today, we are are going to discuss about the preparation of a CMA report for a bank loan. A Credit Monitoring Arrangement (CMA) report is a financial document that presents…
Introduction to Statutory Audit|Statutory Audit Checklist A statutory audit is an independent review of a company's financial records to ensure compliance with statutory and regulatory requirements. It is mandatory for…
VAT, or Value Added Tax, is a tax imposed on the sale of goods and services to end consumers, managed by the Central Government. It is collected by producers or…
The process of filing income tax returns in India has undergone significant changes with the introduction of e-filing. Private trusts, in particular, face challenges in understanding how to file their…
The NGO Darpan is an online portal that serves as a bridge between Non-Governmental Organisations (NGOs) and government departments. Launched by the National Informatics Centre and NITI Aayog, it enables…
Did you know the Indian government revised its tax policies effective October 1, 2023? The tax on foreign remittances has increased from 5% to 20%, a change that has significantly…
Guidelines for Changing a Company's Registered OfficeAccording to the Companies Act, 2013, every company must establish a registered office within thirty days of its incorporation. This office must be maintained…
India is experiencing a significant surge in startups, driven by innovation and entrepreneurial spirit. The government is actively supporting young entrepreneurs through various initiatives to promote startups, which in turn…
The Income Tax Department introduced the Tax Deducted at Source (TDS) system to facilitate quick and efficient tax collection. According to the Finance Act of 2013, individuals or Hindu Undivided…
The Income Tax Act of 1961, which governs the Indian tax system, mandates taxpayers to disclose detailed financial information, including their income, deductions, and investments, while filing taxes. The process…
Charitable institutions in India are entitled to specific tax exemptions and benefits under the Income Tax Act, 1961, particularly Sections 12A/12AA and 80G. To maintain eligibility for these exemptions, institutions…
The Agricultural & Processed Food Products Export Development Authority (APEDA) was set up in 1985 under the Agricultural and Processed Food Products Export Development Authority Act. Its main goal is…
Taxation on ESOP RSU Stock Options ESOPs (Employee Stock Ownership Plans) have become common in India and are gaining popularity. Many international companies with employees in India also offer ESOPs.…