Articles by Taxblock

What is AIS and TIS?

Taxblock 29 November 2021 at 09:41

The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY). The TIS is a generation of a Taxpayer Information available in AIS in a simplified format.

What is tax planning and why it is so important for individuals or businesses

Taxblock 29 November 2021 at 09:40

Tax planning is a process of analyzing one's financial situation during the year and coming up with various exemptions and deductions that reduces tax liability in a legitimate manner.

Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

Taxblock 29 November 2021 at 09:40

Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services.

What are the ROC Compliances under the Companies Act?

Taxblock 27 November 2021 at 09:24

Companies Act, 2013 provides for compulsory annual filing for all the company which are incorporated under Companies Act, 2013 or any other previous act and for all LLP under Limited Liability Partnership Act, 2008. The filing with ROC can be done once in a year or on the happening of any event.

Overview of Virtual Meeting

Taxblock 27 November 2021 at 09:24

A meeting held totally by means of either Video conferencing or other audio-visual means is known as Virtual Meeting.

Overview of Related Party Transactions

Taxblock 27 November 2021 at 09:23

The meaning of the word 'Related Party' is given under Section 188 of the Companies Act, 2013

Overview of Limited Liability Partnership

Taxblock 26 November 2021 at 09:34

OVERVIEW OF LIMITED LIABILITY PARTNERSHIPDEFINITION:LLP is a corporate business vehicle that enables professional expertise and entrepreneurial initiative to co..

Overview of General Meeting

Taxblock 26 November 2021 at 09:34

A meeting may be generally defined as a gathering or assembly or getting together of a number of persons for transacting any lawful business. There must be at least two persons to constitute a meeting.

Overview of intercorporate loans

Taxblock 26 November 2021 at 09:32

Section 186 of the Companies Act, 2013 deals with the loans and investments by the companies

Oppression And Mismanagement Under Companies Act

Taxblock 25 November 2021 at 09:30

The word 'Oppression' is not defined under the Companies Act, 2013. Oppression is the movement made by the authority in unjust manner against the party who gave his consent.