Limited Liability Partnership Limited Liability Partnership: Debentures are a type of debt instrument. It is issued to raise funds from investors by corporations or companies typically in exchange for fixed interest payments and repayment of the principal amount at a future date. LLPs, on the other hand, are perform as partnerships and… Read More »
Debentures No, an OPC (One Person Company) not permitted to issue debentures. According to the provisions of the Companies Act, 2013 in India, an OPC restricted from issuing any kind of securities including it. The concept of an OPC is design to facilitate single-person entrepreneurship and to provide limited liability protection to the sole… Read More »
New compliance under GST New compliance under GST, Here are some common compliances requirements under the Goods and Services Tax (GST) in India. GST Registration: Businesses whose turnover exceeds the prescribed threshold are required to register for GST. GST Returns: Registered taxpayers need to file regular GST returns based on their category and turnover.… Read More »
PAN number GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit alphanumeric code issue to every registered taxpayer under the GST regime. The first two digits of the GSTIN represent the state code, followed by the next 10 digits representing the PAN number of the taxpayer, then a 2-digit entity code for the… Read More »
Income Tax Act 1961 Income Tax Act 1961, Section 195 of the Income Tax Act, 1961 addresses the matter of Tax Deduction at Source (TDS) on payments made to non-residents. This provision is applicable to individuals, companies, and firms who are responsible for making payments to non-residents. According to this section, if any payment… Read More »
Section 112 Vs. 112A Income Tax Section 112 and Section 112A of the Income Tax Act, 1961 address the taxation of long-term capital gains from the sale of listed equity shares or equity-oriented mutual funds. However, there are several distinctions between these two sections Section 112 Vs. 112A Income Tax. Applicability: Section 112 covers all… Read More »
Document is required to add a director in a private LTD company To add a director in a private LTD company is required the following document are required: 1.Director Identification Number (DIN): The proposed Director must obtain a DIN from the Ministry of Corporate Affairs (MCA) by submitting an application along with the necessary documents.… Read More »
Statutory Compliance Statutory compliance refers to the process of ensuring that a company or an organization is following all the rules, regulations, and laws set by the government and relevant regulatory authorities. These laws and regulations can include tax laws, labor laws, environmental laws, and other applicable laws that govern business operations. Compliance is important… Read More »