September seems to be very crucial month for every Company. In the month of September, many compliances, especially compliances related to preparation and reporting of Financial Statements are due like Income Tax Return are to be filed, Financial statement and Directors report needs to be finalised, Annual General Meeting is to be conducted, ROC reporting [...]

Every Company after completion of its financial year is required to collect its financial figures and present them in the form of Financial Statements. These financial reports determine the performance of the Company in terms of its performance during the year and details of assets and liability to be captured under these reports. Every Company [...]

INTRODUCTION The Ministry of Corporate Affairs introduced Director KYC form in the year 2018. The intent behind this is to collect the latest data or updated the data of the DIN holders on annual basis. In this E-form every person who is holding a Valid Director Identification Number is required to file a KYC form [...]

INTRODUCTION Being the citizen of a Country, it is the duty of every person living therein to contribute towards the growth of the nation. Hence, every person who is citizen of India and earning income from India is required to contribute towards the development of the Country by declaring his/ her actual income and paying [...]

Introduction In India, every organization irrespective of its nature of work does require the logistics services for transportation of its goods from one place to another. Here, every organization try to outsource this work to some transport logistics service provider, as it is not feasible or economical for an organization to have its own vehicle [...]

Every year, a company is required to compile its financial transaction incurred during the financial year and structure them. This structuring is in the Form of preparation of Balance Sheet and Profit and Loss account of the Company. Balance Sheet is a statement which shows the position of assets and liabilities of the Company on [...]

As the government is promoting ease of doing business in India, it has eased the process of Incorporation. However, to ensure the authenticity and proper transparency in the legal system, it has made mandatory for the companies incorporated in India to comply with certain time to time norms in order to keep themselves intact from [...]

Month of July of every year is the month where everyone in India is busy in filling their Income Tax Return. The last date for filing of Income tax return for Person other than Company and Firms and all person whose books of accounts are liable to tax audit is 31st July. However, this time [...]

This is the month when every individuals is busy in getting its income tax return filed and arranging their Form 16, salary slips, Bank Statement and other required documents for preparing their Income Tax Return and filing it with IT Department. However, there is good news for those individual those who has not yet that [...]

Every Company incorporated under the Companies Act, 2013 is required to file BEN-2 reporting the details of the Significant Beneficial Owner. However, the following companies are exempt: Individual holding shares in his own name The Individual entitled for Beneficial Interest declares his interest under Section89(2) to the reporting Company IEPF Authority; Holding Reporting Company only [...]