Reversal of Input Tax Credit in GST Returns – Detailed Analysis and Methodology
Input tax credit has been sparkling conversations among taxpayers and tax experts. There have been constant changes in the provisions relating to ITC. The government has been tightening the regulations relating to ITC claims in a bid to tap fraudulent claims of ITC. There are many instances where the taxpayers are required to reverse their […]
How to Appoint or Remove a Director in a Company – A Detailed Guide
How to Appoint or Remove a Director in a Company – A Detailed Guide Directors act as agents of the company and are responsible for the conduct of operations of the company. The company is authorised to appoint or remove the directors of the company subject to the prescribed procedure. The Companies Act, 2013 has […]
Private Limited Company vs One Person company
Are you an entrepreneur wondering whether to set up a company on your own or to involve others as co-founders? Clarity on the business structures available might help you make the decision. There are different types of business structures available and each has its own set of benefits and drawbacks. Private Limited Company and One […]
PRIVATE LIMITED COMPANIES: THINGS YOU MUST KNOW
The growth of private limited companies could be due to the expansion of the global startup scene. We have all witnessed increasing numbers of people adjusting to established methods and operating their businesses. Thus, if you’re looking for an efficient and secure structure for your company, then Private Limited is the most suitable option. It […]
Income Tax for NRI | NRI Tax Filing – Complete Overview
Many Non-Resident Indians (NRIs) earn their income from India. However, they always wonder whether they are liable to Indian tax laws considering that they are residents of other countries that are already levying taxes on them. The answer is Yes! If any person, whether resident or non-resident is earning income from India, then he is […]
Google India Targets 10k Startups in Tier 2 and Tier 3 Cities in India
If you are thinking of starting up your own business or having a unique idea for the Indian market, it is the right time to take the plunge. While you do so, Google is here to assist you in this entrepreneurial journey with Google Startup School India. It is an initiative by the Google team […]
5 Indian Unicorn Startups That Expanded Globally
According to a report, India announced its 100th unicorn in 2022 and is expected to hit the 250 mark by 2025. Of these Indian startups, many are ruling international markets today because of their exceptional products and services. India made the shift from a backward-looking economy, which generally discouraged international trade/investment, and allowed private enterprise, […]
What Makes You Eligible for Tax Returns? Income Tax Filing Online
In a bid to increase transparency and promote disclosure of income details by the taxpayers, the government has expanded the scope of income tax return filing by notifying Rule 12AB through Income tax (Nineth Amendment) Rules, 2022 vide Notification No. 37/2022 dated 21st April 2022. As per the newly inserted rule, the following persons, other […]
MSME Loan Tips for Young Entrepreneurs – Prerequisites for Applying Business Loan
Businesses are the hotspots of profit generation. When it comes to MSMEs, they have a significant contribution to the economy of the nation. However, it is quite common that such MSMEs require funding for operating their business. Whether it’s for expansion of the business or meeting out liquidity crunch, a business loan acts as a […]
GST Modification
Under the GST concept, one of the most important things that a taxpayer has to do is to get a GSTIN number also known as GST identification number to become eligible for tax payment under the GST law. GST registration is a complex and lengthy process and there could be chances where a person fails […]