If you intend to start an import and export business in India, then the first thing you are required to do is to procure IEC registration. In fact, it is mandatory when your import or export business is related to services or the latest technologies. Now that you have planned to obtain the IEC license…
Online Income Tax Return Filing Through Experts
Income tax return is the amount of money which you have to pay to the government, if your earnings for the year exceed the figure; pre-decided by the government; according to income tax 1961. Income tax return filing is a plain and basic process, which you can do it online. It can be done from…
Society Registration Procedure and Benefits
What is Society Registration? A society registration is an act of registering a society under the Society Act, 1860 for the following purposes: • Development and promotion of fine arts; • Promotion of literature and science; • Creating awareness for charitable assistance and military orphan funds; • Diffusion of political education; • Maintenance or foundation…
How to apply for ESIC Registration?
Employees intending to apply for ESIC registration must know that they need to contribute 1.75% of their monthly income every month of the year. However, the employer is supposed to pay 4.75% of the total monthly salary payable to the employee. But before you apply for ESIC registration, it’s significant to understand what it is…
Who is Responsible for Tax Audit Report
Submitting the Tax Audit Report is the final step which requires to be performed in an orderly manner. After the audit is thoroughly done, the auditor submits a detailed audit report with opinions and inferences of the financial statements in a format prescribed by the Institute of Chartered Accountants of India. The report must not…
NGO Registration: Difference in company, society, and Trust
Based on the structure, there are three types of NGO registration in India: Trust, Society, and Section 8 Company. All of these types are known and identified as NGO. But the main differences between them lies in the formation, registration, and management processes of each type. Those intending to form or run NGO can check…
How to cancel GST Registration?
GST registration is still one of the most confused and talked topics in India. Due to a little knowledge on the same, people and industry professionals are unable to figure out when and where to get the GST Registration done. Generally, every business with a turnover more than Rs. 20 lakhs (except businesses in hilly…
Section 8 Company Registration a Practical Approach
In India if you wish to register a Non- profit Organization it can be done in three forms; Trust Society and Section 8 Company In India Section 8 Company is the most preferred business structure for NGO registration. In this article we will discuss about what a Section 8 Company is and how can it…
Who are Entitled for GST Registration
1. A Supplier of taxable goods and services whose turnover in a financial year exceeds the following threshold limit state wise is eligible for GST registration: S.NO States Threshold limit (in lakhs) 1 North eastern states (Assam, Nagaland, Manipur, Tripura, Arunanchal Pradesh, Meghlaya, Mizoram, Sikkim) 10 2 Hilly states (J&K, Himachal Pradesh, uttarakhand 10 3…
Things to know about the Tax Audit
Audit is all about review. Tax audit involves the process of reviewing or examining of the books of accounts of a business entity to confirm the income tax computations, deductions and other such financial calculations have been done in compliance with Income Tax laws of the country. Tax audit enables easy income tax computation as…