We have made an attempt to provide information cum clarification on Forms AOC-4 & MGT-7 for reporting the Financial Statements and Annual Return, respectively, as the Annual Filing is soon approaching.
Freelancing and independent contracting have become increasingly popular in recent years, offering individuals the freedom to choose their projects, set their schedules, and work from virtually anywhere.
Vide Finance Act, 2012, it was provided that the nature and source of any sum, in the nature of share application money, share capital, share premium or any such amount by whatever name called, credited in the books of a closely held company shall be treated as explained only if the source of funds is also explained in the hands of the shareholder
This article examines the idea of GST cancellation and explores the duties that directors and shareholders have in this situation.
The Income Tax Department (ITD) has recently sent out notifications to around 22,000 taxpayers, including salaried individuals, high-net-worth individuals, trusts, and Hindu Undivided Families (HUFs).
Some important provisions under Income Tax Act relating to cash transactions
Few nations on Earth have experienced the sort of economic and social change El Salvador has in the last decade. Widely regarded as one of the most dangerous Central American countries, it was essentially a no-go for any foreigners and had a chronic and systemic gang problem.
Compliance Calendar for the month of September 2023
The provisions of Goods and Services Tax law have introduced significant changes in the way indirect tax system used to operate in the earlier regime. Once upon..
Accounts receivable is a balance sheet item representing money owed to a company by its customers for goods or services provided on credit