Introduction to GSTR-1A When it comes to Goods and Services Tax (GST) compliance, there are numerous forms and procedures businesses need to be familiar with. One such form is GSTR-1A. But what exactly is GSTR-1A, and why is it important? GSTR-1A is a GST return form...
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Tax Planning Strategies for NRIs Returning to India
Introduction Tax planning can be a complex process, especially for Non-Resident Indians (NRIs) who decide to return to India. As you prepare to transition back to your home country, understanding the tax implications is crucial to ensure you don’t end up overpaying or...
Distinguishing Between Brand and Company Registration
Starting a business involves several key steps, two of the most crucial being brand and company registration. Many entrepreneurs find these concepts confusing, often mixing them up or overlooking their importance. But understanding the distinction between brand and...
Top Reasons to Hire a CA While Setting Up a Business Successfully
The main reason to hire a CA for a business is they can handle your financial matters in an effective way. They manage key bookkeeping tasks like recording transactions, invoicing and cash flow monitoring. People usually believe that only large businesses need a CA,...
How you’re taxed when you are NRI?
As an NRI, your tax obligations can vary based on your residency status and the nature of your income. Let's explore the taxation scenarios for NRIs: a. The resident person on a foreign temporary assignment When an Indian resident is sent on a temporary assignment...
Late Fees under Goods and Services Tax Law for GSTR-9
Late fees under the Goods and Services Tax (GST) law for filing GSTR-9 play a crucial role in ensuring timely compliance with tax regulations. GSTR-9, also known as the annual return, is a comprehensive document that consolidates the details of outward and inward...
Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)
Foreign Direct Investment (FDI) plays a crucial role in the economic growth and development of any country. In recent years, there has been a growing trend towards investment in Limited Liability Partnerships (LLPs) due to their flexible structure and limited...
A Guide to One Person Company in India
India's business landscape has seen significant transformations over the years, with the emergence of innovative business structures to cater to various entrepreneurial needs. One such structure that has gained popularity is the One Person Company (OPC). In this...
Understanding Section 184 of the Companies Act, 2013
Introduction The Companies Act, 2013, is a comprehensive legislation governing corporate entities in India. Among its various provisions, Section 184 holds significance as it pertains to the disclosure of interests by directors. Understanding this section is crucial...