The Knowledge Corner

Khushboo Priya | Updated: Apr 19, 2019 | Category: Income Tax

Income Tax Return Filing, Slabs, ITR Forms, Benefits, e-Filing, Penalty

Income Tax Return (ITR) is no less than a nightmare to taxpayers. After all, who likes to pay tax? Possibly, nobody. But if you don't file ITR in time, you...

Khushboo Priya | Updated: Apr 17, 2019 | Category: Income Tax

Tax Audit under Section 44AB of the Income Tax Act, 1961

Tax audit is a mandatory inspection done by the practicing Chartered Accountant to ensure the details of the income provided by the taxpayer are accurate. As per Section 44AB of...

Khushboo Priya | Updated: Apr 16, 2019 | Category: Compliance, Private Limited Company

Annual General Meeting (AGM): An Obligatory Compliance for Companies

Annual General Meeting, commonly known as AGM, is a mandatory yearly compliance requirement that every company needs to follow. In the case, any company fails to conduct the AGM, it...

Khushboo Priya | Updated: Apr 15, 2019 | Category: NBFC, RBI Advisory

NBFC Registration Fees in India: Reasons why it is so high

One of the biggest ordeals for every NBFC owner is the NBFC registration fees. Undoubtedly, the NBFC fee is quite high, and hence, everybody intending to register their business as...

Khushboo Priya | Updated: Apr 12, 2019 | Category: GST

Valuation of GST on MRP products

Eventually, the aim of 'One Nation, One Tax' regime turned into reality when GST, the much-anticipated tax, came into effect on 1st July 2017. As a result, the whole tax...

Swarit Advisors | Updated: Apr 09, 2019 | Category: Income Tax

Generate Income Tax Form 16 for Salaried Person

Form 16 is issued under Section 203 of the Income Tax Act 1961 to salaried individuals by their employers. It is in the form of a document which contains the...

Monisha Chaudhary | Updated: Apr 08, 2019 | Category: IRDA Advisory

Insurance Web Aggregators -IRDA Regulations 2017

In its notification dated 13th April 2017, the Insurance Regulatory and Development Authority of India laid down the IRDAI (Insurance Web Aggregators) Regulations, 2017 for Insurance aggregators. With the introduction...

Khushboo Priya | Updated: Apr 06, 2019 | Category: GST

CGST, SGST, and IGST: Understanding the difference

Goods and Services Tax, is one of the most reforming tax schemes ever introduced in the Indian economy and constitution. The reason why GST is the most-talked taxes is that...

Swarit Advisors | Updated: Apr 06, 2019 | Category: Private Limited Company

What are the Relaxations that Start-Ups Can Get Via Private Limited Company Registration

Of all the options of business entities available under the Companies Act, 2013, the option of Private Limited Company has become the most opted one by the entrepreneurs. Primarily, this...

Khushboo Priya | Updated: Apr 05, 2019 | Category: One Person Company

A Precise Guide on OPC Compliance Requirements and Checklist

One Person Company, shortly known as OPC, is a kind of company established under the Companies Act, 2013 for the purpose of enabling a solo Entrepreneur to begin and manage...