Managed Fund Whether a managed fund is worth it depends on various factors and individual preferences. Here are some considerations to help you evaluate the worth of a managed fund: 1. Professional Expertise: These funds are typically managed by professional fund managers who have expertise in investment strategies and market analysis. If you lack… Read More »
Form 15CB Form 15CB is a certificate issued by a Chartered Accountant (CA) in India. It is require for certain international transactions involving the transfer of money to non-resident individuals or entities. Here’s an explanation of Form 15CB meaning: 1.Purpose: It is use to certify that the remittance being made to a non-resident or… Read More »
Debentures Can OPC Issue Debentures? The concept of OPC, introduced under the Companies Act, 2013 in India, aims to provide sole proprietors a formal structure that separates personal and business liabilities. However, when it comes to raising capital, particularly through issuing debentures, there are specific considerations for OPCs. What are Debentures? Debentures are… Read More »
TDS Compliance for Partnership Firm TDS Compliance for Partnership Firm, For a partnership firms, compliance with TDS (Tax Deducted at Source) provisions is important to fulfil its tax obligations. Here are some key aspects of TDS compliance for a partnership firm: TAN Registration: The partnership firm must obtain a valid Tax Deduction and Collection… Read More »
How to download consolidated TDS compliance report To obtain a consolidated TDS (Tax Deducted at Source) compliance report, please adhere to the following steps: Visit the official website of TRACES (TDS Reconciliation Analysis and Correction Enabling System). TRACES is an online platform established by the Indian Income Tax Department specifically for TDS-related tasks. Visit the… Read More »
TDS compliance due dates: TDS Deduction: It is generally required at the time of making the payment to the deductee. TDS Payment For all types of deductors: payments must be made on or before the 7th of the following month in which TDS was deducted. For government deductors (deducting under Section 194IA, 194IB, or 194M):… Read More »
Is GST Registration Necessary for a Pvt. Ltd. Company with Exempted Services? Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, particularly when it comes to understanding registration requirements. For a Private Limited Company (Pvt. Ltd.) providing services that are exempt from GST, a common question arises: Is GST registration… Read More »
Crucial Benefits of Outsourcing Your Bookkeeping Services Outsourcing bookkeeping services can provide a number of important benefits for businesses. Here are some of the most crucial benefits of this services: Cost savings: It can be a cost-effective way to manage a company’s finances. By outsourcing, businesses can avoid the costs of hiring and training in-house… Read More »
