Budget 2023 Highlights
One-time Small savings scheme for 2 years with a deposit facility of up to Rs. 2 Lakhs for women (Interest at 7.5% with partial withdrawal option).
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Labour Welfare Fund
Labour welfare fund (LWF) is an employee welfare scheme governed by the state government. Like EPF (Employee provident fund) and ESI (Employee State Insurance)
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Voluntary winding up of a Company – A brief guide to the closure provisions contained in Insolvency and Bankruptcy code, 2016
A Private limited company is tied with many regulations and compliances, if you do not carry on any business and the company is just sitting there, withstanding the test of time, the company is infact accumulating all the non-compliances which has to be complied..
FAST TRACK EXIT under section 248 of the Companies Act, 2013
A Private limited company is tied with many regulations and compliances, if you do not carry on any business and the company is just sitting there, withstanding the test of time, the company is infact accumulating all the non-compliances
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Analysis of Entry no 5(e) of Schedule II of the CGST Act, 2017 – “Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act
The description “Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act” has been included within the ambit of supply as per entry no 5(e) of Schedule II of the CGST Act, 2017.
Section 44AA of the Income tax Act, 1961 – Compulsory Maintenance of books of accounts
Section 44AA of the Income Tax Act, 2017 requires certain classes of taxpayers to mandatorily maintain books of accounts.
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Exemption under Section 10(13A) in respect of House Rent Allowance (HRA) and Deduction under S.80GG in respect of rent paid
Before understanding what HRA means, you should first understand that an employee’s salary is basically divided into several components. For example, some of the components might be, basic salary
Associated Enterprises – Section 92A of the Income Tax Act, 1961
In simpler terms, associated enterprises are enterprises which directly or indirectly control another enterprise. Control can be exercised through various means such as, equity investment, participating in the management
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Board Meeting – A guide to provisions relating to a Private Limited Company
All the directors of the company are collectively referred to as the board who are responsible for setting the organisational objective, strategic decision making and all others matters relating to the operation of the company or the conduct of business.
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Income Tax Assessment: Basics
The details submitted by a taxpayer by way of an income tax return are scrutinized and evaluated by the government through assessment officers.
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