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If you are liable to tax audit but not complying to it purposefully, penalty upto Rs.100,000 can be imposed. Further, the AO can be...

As of now, the GST compliance rating has not been introduced it’s still in the planning stage. However, you can get the details of GST...

GST Registration can be obtained by logging into www.gst.gov.in first a temporary registration will be allotted based on the PAN, mobile,...

(1) Being an NRI, can I buy shares in India? Yes. An NRI can buy shares in India. However, he/ she needs to open a demat account and an...

Registration of Pvt limited company is a 3 step process and the entire registration process is regulated through the ministry of...

The director is a whole-time director or managing director, he is classified as an employee of the company where as the independent...

It is not possible to transfer the shares before depositing the paid-up capital in the bank account and filing INC 20 A. The first...

The major benefit of converting a PLC to OPC is that being a small company as per the provisions of Companies Act, there will be...

A company can remove its director by passing an ordinary resolution unless he was appointed by the Central Government or the Tribunal....

Both have their own pros and cons and the decision depends on the situation. If you’re too particular about starting your company on your...

No. Only a limited company can apply for Section 8 company license. A Section 8 Company registration typically costs between 15000 to...

Conversion of an OPC into a private limited company is permitted only after two years from the date of incorporation. However, if the...

By default the due date for filing income tax return for individuals is 31st July every year. For the AY 2022–23, the due date is 31 July...

A director need not necessarily become the shareholder of a company. One can become the director even without holding shares. A company...

There are several tax-saving options available which include investing in LIC and tax-saving mutual funds, payment of education fee,...

A single person can become the director in an OPC. An OPC has this peculiar provision to have a single director as well as upto 15. Hence...

The Income Tax Act allows you to claim a maximum deduction of Rs 50,000 (as of FY 2021–22) on medical expenses incurred on the healthcare...

GST Registration can be obtained by logging into http://www.gst.gov.in first a temporary registration will be allotted based on the PAN,...

In a partnership, a person must not act for himself alone, but for other partners also, Thus, each partner is a representative of all...

The price of GST registration in India varies between a range of R.1000 to Rs.15000. The documents required for GST registration are PAN,...