GST Rules for Freelancers in India
A freelancer is an independent service provider who offers services on a contract basis, hourly rate, or periodic schedule. These services can be delivered directly to clients in India, through…
GST on professional services
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…
How to Prepare a CMA Report for a Bank Loan
How to Prepare a CMA Report for a Bank LoanA Credit Monitoring Arrangement (CMA) report is a financial document that presents both the past performance and future projections of a…
Credit Monitoring Arrangement ( CMA ) – Overview & Documents Required
Credit Monitoring Arrangement ( CMA ) - Overview & Documents RequiredThe Credit Monitoring Arrangement (CMA) report has been in practice since October 1988. Before its introduction, from 1965 to 1988,…
Angel Tax Exemption – Eligibility, Declaration, and Application Process
Angel tax is a levy imposed on startups in India when they receive investments exceeding their Fair Market Value (FMV), as specified under Section 56(2)(viib) of the Income Tax Act.…
MCA Change Request Form (CRF)
The Ministry of Corporate Affairs (MCA) has introduced the Change Request Form (CRF), a web-based tool designed to address exceptional scenarios where existing forms or services within the MCA-21 system…
How to Change Registered Mobile Number or Email ID on the GST Portal?
Changing the registered mobile number or email ID on the GST portal is a straightforward process. The method you follow will depend on the number of authorized signatories associated with…
How to Dissolve a Hindu Undivided Family (HUF) Deed?
Taxpayers belonging to Hindu, Jain, Buddhist, and Sikh communities can often take advantage of a strategic tax-saving mechanism by forming a Hindu Undivided Family (HUF) with their family members. This…
TDS On Rent u/s 194-IB, Filing Form 26QC Explained
Overview: Form 26QC is a challan-cum-return form used for reporting transactions subject to TDS on rent under Section 194-IB. This section is designed for individuals or Hindu Undivided Families (HUF)…
Trademark Registration Online Process & Procedure for Brands in India
Trademarks are distinctive symbols, designs, images, or phrases used to identify and distinguish a company's goods or services. They play a crucial role in setting a brand apart from its…
ITR U – What is ITR-U Form and How to File ITR-U
What is ITR-U?ITR-U form, or the Updated Income Tax Return, is a provision that enables taxpayers to rectify mistakes or omissions in their previously filed returns. This form also allows…
GST Refund on Cancellation of Flat or Service Contract – Complete Guide
The 48th GST Council meeting, held on December 17, 2022, addressed the issue of GST refunds for buyers in cases of flat cancellations or termination of service supply contracts. To…
Statutory Audit Checklist
Statutory Audit Checklist: The Ultimate Guide
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…
Comprehensive Guide to VAT Registration: Online and Offline
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…