Fund Utilization Certificates Meaning of Fund Utilization Certificates: A Fund Utilization Certificate is a document that verifies the appropriate utilization of funds allocated for Corporate Social Responsibility (CSR) activities. In the context of CSR, companies required to allocate a certain portion of their profits towards social and environmental initiatives. The Fund Utilization Certificate serves… Read More »
Why private limited company There are several reasons why individuals choose to register a company as a private limited company: Limited Liability Protection: One of the key advantages of a pvt. limited company is limited liability protection. This means that the personal assets of the shareholders are generally protected in case the company incurs debts… Read More »
Taxation Compliance Taxation compliance is for several reasons: Legal Obligation: Paying taxes and complying with tax laws is a legal requirement in most jurisdictions. Failure to meet tax obligations can result in penalties, fines, or even legal consequences. Complying with tax laws ensures individuals and businesses remain in good standing with tax authorities and… Read More »
Filing income tax returns Filing income tax returns is mandatory for several reasons: Legal Requirement The law mandates individuals and entities to file income tax returns within the specified due dates. Failure to comply with this requirement may result in penalties and legal consequences. Income Assessment Filing tax return allows the tax authorities to… 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 »