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Rajput Jain & Associates, a CA Firm in Delhi provides Business Registration, GST solution, Tax Consulting, CFO Services and Growth Strategies for their clients. get more information at
Annual Compliance of Private Limited Company, Process, Fees, Checklist. What are the Advantages of Annual Compliance for Private Limited Company?
There are various benefits of a private limited company such as limited liability of its members, ease in raising of funds from venture capitalist, perpetual succession and the faith of the community does not fade even if the cost of annual compliance fluctuates. It is compulsory for company owners to comply with Companies Act, Income tax, GST & State Laws. Foreign Exchange Management Act (FEMA), Objectives & Provisions of FEMA Act 1999. Foreign Exchange Management Act (FEMA), Objectives & Provisions of FEMA Act 1999. Annual return must be filed in Form MGT-7 and Form AOC-4. CONVERSION OF LLP INTO COMPANY LIMITED BY SHARES; convert LLP to Private Limited Company.
LLP Act, 2008 does not cover the conversion of LLP into Company but in Companies Act, 2013 conversion of LLP into Company is covered in section 366.
Please note that recently MCA has notified Companies (Authorized to Register) Amendment Rules, 2018 which shall came into force on 16.02.2018 in which form URC–1 has been revised, which can be used for filling application by Company for registration under section 366. The word “Company” for the purpose of this section shall include Partnership Firm (PF), Limited Liability Partnership (LLP), Co-operative Society but exclude Unlimited Company having more than and equals to 7 members, Company limited by shares, Company limited by guarantee. According to Section 366 of Companies Act, 2013 read with rule 3 & 4 of the Companies (Authorized to Register) Rules, 2014: Any company registered under the Indian Companies Act, 1882, Indian Companies Act, 1913 & Companies Act, 1956 shall not be allowed for taking registration under this Part. Well enough! SAC CODES FOR LEGAL AND ACCOUNTING SERVICES.
Delhi VAT Registration, Delhi sales tax registration, DVAT Registration. VAT registration main highlights Value Added Tax Value Added Tax (VAT) is a tax levied on the sales of goods in India.
Manufactures and traders should obtain VAT Registration, if they have annual sales of more than Rs. 20 lakhs End Consumer bears VAT. Service Tax Procedures & Refund, India. Service tax is a tax levied on specified services provided by the service provider (including private businesses).
Any person or company providing services in India is required to pay Service Tax. Service Tax has been increased in scope since its introduction and now has shifted to negative list regime from the earlier inclusive regime i.e. from 1st July, 2012 all the services are covered under service tax except those covered in the negative list. This tax is normally charged by the service provider from the person to whom service is provided and is then deposited in government’s account. Calculation of Value of supply under GST ; Valuation based on Cost; Valuation in Special Cases. Calculation of Value of Supply under GST Supply value is an important concept in the sense of GST as it specifies the GST payable in a transaction.
Pursuant to the GST Act, the value of the supply of products or services is the value of the contract, which is the amount actually charged or payable for the supply of goods or services, where the supplier and the purchaser of the supply are not connected and the price is the sole consideration of the supply. Press Release - Rajput Jain & Associates. Calculation of Value of supply under GST ; Valuation based on Cost; Valuation in Special Cases.
Calculation of Value of supply under GST ; Valuation based on Cost; Valuation in Special Cases. Delhi VAT Registration, Delhi sales tax registration, DVAT Registration. COMPLETE UNDERSTANDING OF FOREIGN INWARD REMITTANCE CERTIFICATE. Foreign Inward Remittance Certificate is details of information Documents that behaves as a recommendation for all the inward remittances entered in India.
This document form is used by the majority of statutory authorities as confirmation that a person has received a payment in the foreign currency from outside India. When an individual collects any sum of money from a foreign country, it is credited to his account by an authorized broker, usually approved by the Reserve Bank of India to do so by these banks. PENALTY U/S 234F (FEES) FOR LATE FILLING OF ITR; How do I pay PENALTY U/S 234F? Under this section, the fee (penalty) is levied if the Income-tax return is not filed within the due date.
It is likely to be increased from 1st April 2018 onward as per Section 234F of the Income Tax Act. Provisions of Section 234F of the Income Tax Act are as follows. FCRA Return Filing, Online Filing of Annual Return Under FCRA. Organizations listed under the Foreign Contribution Regulation Act must hold different records under the head office of the FC and give a report in the prescribed template to the Ministry along with the audited report of records of the previous year.
Any company obtaining foreign donations is expected to have a certificate from a CA. The certificate to be issued by the CA is offered in the form FC-6. In addition to this document, the audited Balance Sheet, Revenue & Expense Statement and the collection and payment account statement, together with the certification and verification approved by the Chief Functionary, will also be issued. FCRA Annual Returns process can be complex. Meaning of relative under different act. As per section 2(41) of the income tax act “Relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual ; As per sec 56 of income Tax Act As per the Income-tax act, the term “relatives” is described in detail.
HOTEL INDUSTRY UNDER GOODS AND SERVICES TAX; AVAILABILITY OF INPUT TAX ON HOTELS. Goods and Service Tax (GST) is a destination-based consumption tax which is a levy of tax on all goods and services with the objective of expanding the tax base through a wide coverage of economic activities, mitigating the cascading effect, reduction of exemptions, enable better compliance etc. thereby resulting into formation of the common national market for goods and services.
Under GST, all tax invoices raised contain an HSN Code or SAC code for the respective goods or services supplied. Hotels and restaurants would have to use SAC Code. Time of Supply of Services of Hotels As per Section 13 of the CGST, 2017 specifies that: > The time of supply of services shall be as follows: XBRL Data Conversion Services, xbrl conversion services. Extensible Business Reporting Language (XBRL) accounts to communication language for business and accounting data which has modified the structure of business reporting across the world. It is a part of computer language based on XML (Extensible Markup Language) which builds up the standard for data exchange between the businesses and on internet.
The application of identified tags on the data items for efficient process of the computer have untangled the complications involved with the procedure. Merits of XBRL Reporting are as follows: Interactive data is suitable for investors and other users for taking more productive decisions. XBRL Data Conversion Services, xbrl conversion services. HOTEL INDUSTRY UNDER GOODS AND SERVICES TAX; AVAILABILITY OF INPUT TAX ON HOTELS. HOTEL INDUSTRY UNDER GOODS AND SERVICES TAX; AVAILABILITY OF INPUT TAX ON HOTELS. Rajput Jain & Associates. 35(1)(II) and 35(1)(III) Registration, Section 35(1)(i) and Section 35(1)(ii) Registration Services Delhi. Those scientific research association or organization which has objective of carrying out the scientific research or social science research, can be approved under section 35(1)(ii) and section 35(1)(iii) in accordance with the guidelines and other conditions as may be notified in the official gazette of the central government.
The donor will receive 175% weighted deduction on the donated amount as per amendment by the Finance Act 2010. A weighted deduction of 175% is also allowed for contributions to organizations approved under section 35(1) (ii) (a scientific research institute or a university, college or other institution) specifically for "scientific research," and for contributions made under section 35(1) (iii) specifically for "research in social science or statistical research. " THE APPLICATION AND ITS ENCLOSURE: -The Income Tax Act contains provisions permitting donors to deduct contributions. Bookkeeping outsourcing company, Accounting and Bookkeeping Services, Delhi, India. Accounting is an important mechanism for operating every company effectively and efficiently.
To order to operate any organisation that may be a corporation, charity or sports team, one must compose "daybooks. " An organization needs to maintain comprehensive records of its purchase, sale, receipts and payments. Income tax filing service, ITR returns filing, Tax consultants in Delhi, Itr Consultant. Comprise taxation on income earned in a financial year a part of which is taxable as per rates prescribed for that year. With the financial year running from 1 April to 31 March of following year, broadly taxpayers are classified as residents or non- residents where the individual taxpayers can be classified as 'residents but not ordinary residents'.
Residential Status An person shall be deemed resident in India if he / she is in India in a tax year for: 182 days or more 60 days or further if the duration of 60 days is adjusted to 182 days or more for–Indian citizens / Indians of Indian descent on a travel to India For citizens of India departing India for jobs to other countries as crew members of an Indian ship within a tax year. . HOTEL INDUSTRY UNDER GOODS AND SERVICES TAX; AVAILABILITY OF INPUT TAX ON HOTELS. NEW RULES FOR FORM 15CA/ CB UNDER RULE 37BB. Section 195 of the Income-tax Act (‘the Act’) empowers the Central Board of Direct Taxes to capture information in respect of payments made to non-residents, whether chargeable to tax or not.
Rule 37BB of the Income-tax Rules has been amended to strike a balance between reducing the burden of compliance and collection of information under section 195 of the Act. The CBDT has amended Rule 37 BB of the Income-tax Rules and made notable changes which are as under: New Open Corporate Helpdesk Number; Company Name Availability; company formation help desk. LAST DATE OF DIN KYC UPDATE HAS BEEN EXTENDED. Government fees for company registration. Government fees for company registration. 12A Registration of NGO, 12A registration online, Delhi, India. 12A Registration of NGO, 12A registration online, Delhi, India. Meaning of relative under different act. TCS & TDS Rate chart for the FY 2021-22 (AY 2022-23)
Loan Against Property / Mortgage Loan Consulting Services, Consultants. Reporting of Downstream Investment in india. 80G for NGO / Society and Trust, Registration under 12A and 80G for NGO's. VALUATION OF UNQUOTED SHARES; Method To Calculate FMV of Unquoted Shares. VALUATION OF UNQUOTED SHARES; Method To Calculate FMV of Unquoted Shares. Service Tax Procedure & Refund, How to Apply for Service Tax Refund Online. Reappointment of retiring auditor. Aims and Objective of Transfer Pricing; Transfer Pricing Process; Transfer Pricing. Establishing a Joint Venture in India, Joint venture agreement. List of 10 ICDS issued by CBDT. How to check the status of TAN and PAN Application. List of 10 ICDS issued by CBDT. Rajput Jain & Associates. International trade Consultant. Rajput Jain & Associates. Service Tax Procedure & Refund, How to Apply for Service Tax Refund Online. Reappointment of retiring auditor.
Aims and Objective of Transfer Pricing; Transfer Pricing Process; Transfer Pricing. Establishing a Joint Venture in India, Joint venture agreement. List of 10 ICDS issued by CBDT. How to check the status of TAN and PAN Application. List of 10 ICDS issued by CBDT. Rajput Jain & Associates. Merger and Amalgamation under Companies Act, 2013 by National Company Law Tribunal (NCLT). FCRA Registration in India. Readymade / Shelf Company Services, Sell or purchase readymade company in Delhi.
MCA HAS LAUNCHED NEW E-FORM RUN(RESERVE UNIQUE NAME) Service Tax Procedures & Refund, India. Fixed Asset Register Related Services. Central Excise Registration, How to amend central excise registration online. Rajput Jain & Associates. Chartered Accountants Delhi, Best CA Firms in Delhi NCR Noida India. Hindu Undivided Family HUF Business Registration in Delhi, India - Rajput Jain & Associates. Service Tax Procedures & Refund, India. TAX AUDIT CEILING U/S 44AB FROM RS 1 TO RS 5 CR. Rajput Jain & Associates.
Service Tax Procedures & Refund, India. Meaning of -Over Dimensional Cargo. Central Excise Registration, How to amend central excise registration online. SAC CODES FOR LEGAL AND ACCOUNTING SERVICES. FCRA Registration in India. SSI/MSI /LSI Registration, SSI Registration Services in India, Delhi. Impact of GST tax on Pharmaceutical Sector; GST on medical Sector; effect of the GST pharma. Foreign Exchange Management Act (FEMA), Objectives & Provisions of FEMA Act 1999. Stock Market Operations Related Services, Operations of Indian Stock Market. Indian Subsidiary: Subsidiary Company Formation Procedure and Services in India. SAC CODES FOR LEGAL AND ACCOUNTING SERVICES. Service Tax Procedures & Refund, India. HOTEL INDUSTRY UNDER GOODS AND SERVICES TAX; AVAILABILITY OF INPUT TAX ON HOTELS.
Service Tax Procedures & Refund, India. COMPANY ANNUAL RETURN UNDER SECTION-92; Annual Return of Companies Act, 2013; annual return. KEY TAKEAWAYS WITH FAQ ON FORM 26QB & FORM 16B AND SECTION 194-IA. GST Impact on manufacturing sector; GST Impact; GST Effect on Manufacturing; manufacturing sector. Prevent common errors when filing with GSTR-1; Avoid Common Errors/Mistakes in GSTR-1 Filing. Duty Exemption Scheme, Duty Exemption and Remission Scheme. HSN & SAC CODES ALONGWITH GST RATE; Classifying goods under HSN. Service Tax Procedures & Refund, India. Shifting of Registered Office from One State to Another. PENALTY U/S 234F (FEES) FOR LATE FILLING OF ITR; How do I pay PENALTY U/S 234F? APPOINTMENT OF STATUTORY AUDITORS AND THEIR SERVICES UNDER THE COMPANIES ACT, 2013. Service Tax Procedures & Refund, India. PENALTY U/S 234F (FEES) FOR LATE FILLING OF ITR; How do I pay PENALTY U/S 234F?
Cancellation & revocation of Registration under GST; Steps of Online Revocation of GST Registration. Establishing a Joint Venture in India, Joint venture agreement.