Articles

Extra Ordinary General Meeting under Companies Act 2013

Extra Ordinary General Meeting Matters requiring immediate consideration by members, which cannot be deferred till next Annual General Meeting, to meet such emergencies, the companies can provide for holding of emergency meetings of the members which are known as Extra Ordinary General Meeting. Regulation 42 of Table F provides that all g...

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Posted Under: Income Tax |

Conversion of One Person Company to Private Company

Conversion of One Person Company to Private Company Q.1 Can OPC be converted into private limited company? A.1 OPC can be converted in to Private Limited after two years of setup, or even before that if its turnover is more than Rs 2 crore and paid share capital surpasses Rs 50 lakhs in a financial year, Q2. Can OPC be […]...

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Posted Under: Income Tax |

Key Tips For Entrepreneurs During This Crucial Face Of Economic Downturn- Coronavirus Pandemic

As we all know that we all are having a hard time due to the Coronavirus pandemic, most of the start-ups are hustling during the country-wide COVID-19 lockdown. In past, most of us must be thinking about the year 2020 will be going to be an epic time in terms of mass production and sales however, suddenly due to captioned pandemic the cou...

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Posted Under: Income Tax |

Trade License

Article explains Categories of trade license, Eligibility for getting a trade license, List of Required Documents for Trade License, Processing time after application for Trade License, Important points and FAQ related to Trade License. Trade License is a license or permission issued by municipal corporation granting permission to carr...

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Posted Under: Income Tax |

Transfer of Input Tax Credit of GST in case of Demerger

Note on Transfer of ITC on account of Demerger Reference: Circular No.133/03/2020-GST This article is made to brought some clarity in transaction regarding Transfer of ITC in case of Demerger of a Business Unit as per Section 18(3). Before getting into topic it is important to have a brief of Section 18(3). As per Section […]...

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Posted Under: Income Tax |

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020)

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020) Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative on 16...

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Posted Under: Income Tax |

Place of Supply under GST- Section wise Analysis

Article explains Place of supply, Place of supply of service where the location of supplier or recipient is outside India and Place of supply of service where location of supplier & recipient in India:- Place of Supply of Goods: Sec Particulars Place of Supply 10(1) Supply of goods within India a) Involves movement of goods […]...

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Posted Under: Income Tax |

TDS Implications for Freelancers and Agency Owners

Freelancers and Agency Owners: Understand The TDS Implications in the Easiest Possible Way Article explains TDS provisions for Freelancers and Agency Owners in the Easiest Possible Way. It explains What is TDS, What happens to the deducted TDS amount, Can I check if the deductor actually filed the TDS return, If the client/Deductore has d...

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Posted Under: Income Tax |

18 FAQs on Three Month Moratorium by RBI

The Reserve Bank of India surprised many by permitting banks to allow a moratorium of three months on payment of installments falling due between March 1, 2020 and May 31, 2020. Q1. What is a moratorium on loans? Simply put, a moratorium is an extension, not a waiver. The banking regulator has allowed all banks, […]...

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Posted Under: Income Tax |

India-Vision 5 Trillion Dollar Economy

-Prime Minister Modi had announced an ambitious target of a $5 trillion economy for India by 2024. If achieved, India will become the third-largest economy in the world. -The focus is on boosting services sector contribution to $ 3 trillion, manufacturing to $ 1 trillion and Agriculture to $ 1 trillion. -However, the recent economic sl...

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Posted Under: Income Tax |

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