Ministry of Micro, Small and Medium Enterprises vide notification dated 26th June, 2020 has issued new guidelines on MSMEs. https://msme.gov.in/whatsnew/gazette-india Highlights are as follows:- 1. New MSME Regsiration process would be called as Udyam Registration 2. All existing enterprises registered under Udyog Aadhar Memorandum, shall be required to submit the […]
From the perspective of governance, risk and compliance Clause 49 of Listing requirements states companies to lay down procedures to inform Board of Directors about the risk assessment, risk minimization procedures and it’s periodic review. On the same lines SEBI has directed all the concerned on subject vide their Circular […]
NGO’ are formed for the welfare of deprived, promotion of education, research, sports or such other objects. These are non-profit organisations which work for social cause and address various causes. There are many options available in India for incorporating a NGO. NGO’s tax and other benefits: The NGO’s are given […]
GST Registration is a tax registration required for businesses trading or manufacturing goods in India. GST Registration replaced VAT, Sales Tax, Excise, Service Tax in India and is synonymous with CGST Registration and SGST Registration. Registration Process The application is drafted giving your business particulars along with Bank Guarantee / […]
Developing a business plan is the first step to a successful business. Planning is one of the most important parts of running a business, no matter whether it is a large multinational corporation trying to plan an expansion or a small business launching an exciting new product. Most businesses start […]
The way market has crashed in the last couple of days, especially today on 12th March when the Sensex tanked over 3000 points in a single day, registering its historic fall, everybody has a feeling if the end of the world is near!! Unlike the crash of 2008, the reason this […]
Q: I am an NRI living outside India. I have a house property in India. I do not have any other income earning from India. Am I supposed to pay tax and file Income Tax Return in India? A: Irrespective of the fact, whether you are resident or non-resident, rental […]
Off late government has issued a detailed Standard Operating Procedure for departmental officers to be followed for dealing with assessees who have missed to file any GST return. Though such provisions were already present through Section 62, this wasn’t usually forced by the department against assessees. The summary of detailed […]
“The Hardest thing to understand in the world is The Income Tax” – Albert Einstein Assuming it was so difficult for him, one can think of its misery for common men. From the desk of a practicing Chartered Accountant:- Being a CA, the most common question asked to me almost […]
Whether it’s a loan for your company or home, presently Indians are paying one of the highest interest rates on their loans, as compared to other comparative economies . Over the span of last 2 years RBI has reduced the Repo rate from 6.5% to 5.15%, a whopping fall of 1.35% , sadly […]