Introduction
As per the Companies Act 2013, companies are mandated to inform the ROC (Registrar of Companies) in a specific manner about the appointment of an auditor through Form ADT-1. This article provides detailed information on the filing fees for ADT-1, the process of filing Form ADT-1 with MCA (Ministry of Corporate Affairs), the deadline for submitting ADT-1, and the necessary...
Introduction
LLP annual filing is an important compliance requirement for all Limited Liability Partnerships (LLPs) in India. It is mandatory for all LLPs to file their annual returns on or before the due date, failing which they will be liable to pay a penalty. Annual filing includes the submission of financial statements, balance sheet, profit & loss account, tax audit report, and...
Introduction
Section 8 companies are non-governmental organizations that are established to promote various activities such as sports, commerce, charitable works, science, art, and more. These types of companies are registered to support underprivileged populations and industries in India. In this blog we will discuss about Section 8 companies annual compliances.
What is a Section 8 Company?...
Introduction
The GST system uses a nomenclature called SAC code, which was created by the Central Board of Indirect Taxes and Customs. These codes aid in identifying services and their corresponding GST rates to calculate the applicable tax amount.
What is SAC code in GST?
SAC stands for Servicing Accounting Code and it is a categorization system for services developed by the service tax...
Introduction
The term "Annual Return" refers to the returns on an investment that are computed as a percentage of the initial investment over the period of a year. A gain on the initial investment occurs when the return is positive. It would also be regarded as a loss on the investment if it were negative. The rate of return is determined by the amount of risk associated with the investment....
Tax Deduction at Source (TDS) is a crucial compliance requirement for Income Tax Assessees. The Income Tax Law contains several sections that specify varying TDS rates, payment types, and threshold limits for TDS. The Budget 2023 has introduced some significant changes concerning TDS. These changes include a higher limit of 3 crore for TDS on cash withdrawal provided to co-operative societies,...
Introduction
Cost Inflation Index is a term used in the context of income tax in India. It refers to the index that helps taxpayers determine the inflation-adjusted purchase price of an asset, which in turn is used to calculate capital gains. The government of India announces the Cost Inflation Index every year, which is applicable for the upcoming financial year. This article will help you...
The Income Tax Department has introduced seven different forms, namely Form ITR 1 to ITR 7, for filing Income Tax Return based on the type of income and entity. It is crucial for every taxpayer to file their Income Tax Return within the stipulated due date. In this article, we have compiled all the essential ITR Filing Due Dates for Individuals, Companies, LLPs, Firms, and HUFs for the...
Every business structure registered in India such as Private Limited Company, Public Limited Company, One Person Company, Limited Liability Partnership, etc. is obligated to file specific forms every year with the Registrar of Companies. According to the Companies Act, 2013, and the Limited Liability Partnership Act, 2008, all companies and LLPs registered in India must comply with ROC Annual...
Introduction
Digital marketing is an essential investment for businesses to establish a strong online presence and increase their returns. However, choosing the wrong digital marketing agency can be a costly mistake that could lead to negative consequences. Therefore, it is crucial for entrepreneurs to carefully consider various factors when selecting the best digital marketing agency. In this...
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