How Will India’s Move To A Goods And Services Tax (GST) Affect Indian NGOs?

The Goods and Services Tax (GST) is a tax on the goods and services used in India. The new system which was introduced by the Indian government, has now taken effect with a few questions for Indian NGOs as they navigate to adjust to the change. Introduction The Goods and Services Tax (GST) is a consumption tax that was introduced in India on July 1, 2017. The GST is levied…

A Tax Consultant’s Guide to a Successful Tax Return

The annual stress of filing taxes can be overwhelming. Tax laws have become increasingly complicated, and the stakes feel higher than ever before. If you make a mistake on your tax return, the consequences could be severe. The IRS has broad powers to penalize you— in some cases even jail time! In this article, we’ll give you an insider’s look at how to file a successful tax return as a…

Depreciation Under Income Tax Act

The Income Tax Act permits the use of the depreciation concept. According to the Income Tax depreciation is a deduction that a taxpayer may utilise to offset a portion of the actual cost of any tangible or intangible asset that they use. The Basics of Depreciation Income Tax The depreciation concept is primarily used to write off costs associated with assets over the course of their useful lives. According to…

A Complete Guide to Online Company Registration in Jaipur India

If you want to set up a private limited company in Jaipur, Rajasthan, we've listed all the requirements set forth by the Registrar of Companies (RoC) here, along with a step-by-step process for doing so. These requirements include fees, capital requirements, documents needed, the minimum number of members and directors, the name-registration procedure, among others. Many startups launch their business without the necessary paperwork or company registration. This causes misunderstanding…

7 Different Types of Company Registration Available in India

Want to start your own company but are put off by the numerous legal procedures for doing so? Here is a thorough explanation of what you must do. There are numerous Company structures from which to pick if you intend to launch a firm. The organisational structure you select will dictate the taxes you must pay, the compliance requirements you must adhere to, and the eligibility requirements you must satisfy.…

How to Find the Status of an Indian Company Registration?

On the official website of the Ministry of Corporate Affairs, you may find details about all Indian corporations. Therefore, you might need to register with MCA if you just recently founded your own business in India. Information about all types of enterprises, including Limited Liability Companies, is available on the MCA website (LLCs). The website enables visitors to check up details like the serial number of a company registration licence,…

How Do I Register a Trademark or Service Mark Internationally?

Do you want to know how to trademark a name internationally? Are you looking for the best practises to adopt and the most effective legal actions to take in order to secure widespread recognition for your trademark? Then you should be aware that numerous businesses, qualified advisors, and organisations assist you in submitting an application for a trademark both in India and abroad. To be eligible for trademark registration, the…

Business Tax Returns Easy with a Simple Online Compliance Service

A tax return is a list of income, expenses, and other relevant financial information. Business tax returns must be submitted annually and include supplemental TDS filings for businesses, just like personal tax returns must. This form includes a statement of the earnings and costs. It includes information on fixed assets, loans received and disbursed, business debtors and creditors, and more. More about Filing Tax Returns Before we discuss corporate tax,…

Difference Between Tax Audit and Statutory Audit of a Company?

The audit involves looking over the company's financial records to determine whether its operations are legal and whether its accounting records are accurate. The distinction between a statutory audit and a tax audit is often unclear to people. The auditor carries out the tax audit by the Income-tax Act; this audit is related to the Company's Act of 2013. Introduction of Statuary Audit and Tax Audit 1. Statuary audit A…

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