New vs Old Tax Regime The new tax regime under the Income Tax Act in India, introduced in the Union Budget 2020-21, offers taxpayers an alternative tax structure with lower tax rates but without various deductions and exemptions available under the old tax regime. New tax regime: 1. Lower Tax Rates: The new tax regime… Read More »
When are LLP accounts due The due date for filing LLP accounts can vary based on the jurisdiction and the regulations pertaining to LLPs in a particular country. Here are some general guidelines to consider, keeping in mind the potential variability: United Kingdom (Companies House): LLPs in the United Kingdom are required to… Read More »
Certificate by CA Website link Certificate by CA: Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient’s Name] [Recipient’s Designation] [Organization Name] [Organization Address] [City, State, ZIP] Subject: Certificate of No Statutory Dues Dear [Recipient’s Name], I, [Your Name], a Chartered Accountant (CA) duly registered with [Certifying Authority], hereby provide this… Read More »
Form 15CA Website Link: Form 15CA: Form 15CA is a declaration form required by the Indian government for certain types of international transactions involving the transfer of money to non-resident individuals or entities. Here’s an explanation of Form 15CA: 1.Purpose: This is used to provide information about the remittance being made to a non-resident or… Read More »
Requirement Website Link: 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 have a valid… Read More »
Compliance Website Link Compliance: GST (Goods and Services Tax) registration is important for several reasons: Legal Compliance: GST registration is a legal requirement for businesses that meet the turnover threshold specified by the government. Failing to comply with the GST registration requirements can lead to fines and legal ramifications. Legitimate Business Operations: GST registration… Read More »
15CB meaning 15CB meaning Website Link: Form 15CB is a certificate issued by a Chartered Accountant (CA) in India. It is required 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: Form 15CB is used to certify that the remittance being made… Read More »
Differences between 15CA and 15CB Differences between 15CA and 15CB Website Link: Differences between 15CA and 15CB: The main differences between 15CA and 15CB lies in their purpose and the entities responsible for their issuance. Here’s a breakdown of the differences between 15CA and 15CB the two forms: Form 15CA: 1.Purpose: Form 15CA is a… Read More »
15CA and CB certificate 15CA and CB certificate Website Link: 15CA and CB certificate: The 15CA and 15CB certificates are documents required by the Indian government for certain types of international transactions. Here’s an explanation of each certificate: Form 15CA: This form is a declaration of remittance under Section 195(6) of the Income Tax Act,… Read More »
15CA/CB definition 15CA/CB definition Website Link: 15CA/CB definition: 15CA/CB compliance involves adhering to the legal obligations established by the Indian government regarding the transfer of funds from residents to non-residents. It involves the submission of Form 15CA and obtaining Form 15CB to ensure proper reporting and taxation of cross-border transactions. To achieve 15CA/CB compliance, the… Read More »