Tag Archives: #ComplianceStandards

Why a Company prepares monthly and Yearly Annual Accounts?

The Importance of Preparing Monthly and Yearly Annual Accounts for Companies Introduction Financial accounting is the backbone of any business, providing critical insights into the financial health and operational efficiency of the company. Among the various accounting tasks, preparing monthly and yearly annual accounts holds paramount importance. These accounting processes are not merely bureaucratic requirements… Read More »

Asset valuation certificate for companies?

Asset valuation certificate Asset Valuation Certificate for Companies Introduction An asset valuation certificate is a critical document for companies that need to determine the financial worth of their assets. Whether for financial reporting, loan applications, mergers and acquisitions, or investment purposes, asset valuation provides clarity and accuracy regarding a company’s holdings. This article explores… Read More »

Are assets recorded at fair value

Fair Value Accounting Assets can record at fair value under certain circumstances and accounting standards. Fair value accounting is an approach where assets measured and reported on the financial statements at their current market value. The fair value denotes the price at which an asset could trad between informed and willing parties in a… Read More »

What are the requirement 15CA/CB certificate?

15CA/CB certificate 15CA/CB certificate, The requirements for obtaining the 15CA and 15CB certificates vary based on the nature of the transaction and the guidelines set by the Indian tax authorities. Here are the general requirements for each certificate: Form 15CA Requirements: 1. PAN (Permanent Account Number): The person making the remittance (remitter) must… Read More »

What is 15CB?

User Intent Users searching for Form 15CB are likely looking for an in-depth understanding of its purpose, application, and benefits. They might be tax payers, accountants, or business owners dealing with foreign remittances who need to know when and how to use this form. This article provides a step-by-step explanation to help them… Read More »

Why 15CA/CB is required?

Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »

Business partnership agreement roles and responsibilities ?

Business partnership agreement In a business partnership agreement, the roles and responsibilities of each partner are typically outlined to establish clarity and accountability within the partnership. While the specific roles and responsibilities may vary depending on the nature of the business and the agreement between the partners, here are some common roles and responsibilities… Read More »

Is tax planning legal?

User Intent Many individuals and businesses want to minimize their tax burden legally. However, they… Read More »

What is the difference between business registration & license?

Difference business Registration & license Compliance with laws, Business registration and a business license are two separate processes that are often required for operating a legal business. Here’s the difference between the two: Unique identification number Business Registration: Business registration is the process of officially establishing a business entity with the relevant government authorities.… Read More »

When fssai license is required?

Requirement FSSAI License Requirement FSSAI License, FSSAI (Food Safety and Standards Authority of India) license is required when you are involved in the manufacturing, processing, storage, distribution, and sale of food products in India. The license ensures that your business complies with the food safety and hygiene standards set by the FSSAI.… Read More »