Understanding the INCOME TAX Rules for Equity Shares Trading
There is a broad assortment of traders in every financial demand, each with its trading purposes, strategies, and financial objectives. And if you are fresh to the community of trading, taxation for traders might appear relatively of a challenge. Speculative and non-speculative business income has to be expanded to all your additional revenue (salary, other business income, bank interest, rental [...]
In the case of an AGM extension by ROC, what is the maximum time difference between two AGMs?
One of the most significant regular events in the life of an organisation is the annual general meeting. According to the statute, this is also a yearly obligation. According to Section 96 of the Companies Act 2013, any corporation other than a one-person company must hold an annual general meeting, also known as an AGM, once a year. The Companies [...]
Importance of Form 16 and Form 26AS while Filing a Return
The process for filling income tax Return depends upon the income earned yearly and income source i.e salary, business profit, investment profit etc. The documents are required to be submitted and held as evidence under the tax Act, 1961 and tax Rules, 1962. Normally, the maturity for filing ITRs for all assesses whose accounts aren't required to be audited by July 31 but due to current COVID situation it has [...]
How can you transfer FSSAI – food license in India
Introduction: Food Safety and Standards Authority of India (FSSAI), is a body to regulate food-related issues, in India. FSSAI was established, in August 2011, under the Food Safety and Standards Act of 2006 with guidelines from the Ministry of Health and Family Welfare, and the Central government. The purpose of the FSSAI Act 2006 is to regulate the import, sale, [...]
GST Amnesty Scheme
The GST system came into practice back in 2017 and thus the Finance Ministry noted that, even by 2020, many businesses have ignored it and have remained non-compliant. the government had to register these businesses under GST and for that purpose they introduced the Amnesty Scheme. For folks that were liable but haven’t filed returns on time, the late fees compile . From 25 July [...]
Difference between Buyback and Dividend and Tax Applicability
Taxation is a term for when a taxing authority inflicts a financial responsibility on its citizens. Paying taxes to tax authorities has been a mainstay of the nation since historical times. The fee is spontaneous, and as restrained to other payments, not linked to any specific assistance that has been or will be delivered. Taxation is spontaneous, it does not [...]