What is a Company? A company is a group of persons who get together and register as a legal entity in accordance with the Companies Act of 1956 or any earlier company legislation, according to the Act. The legal status of a corporation is distinct from that of its shareholders. The fact that there is …
Real Estate Sector Changes Under GST In India, the real estate sector ranks second in terms of employment just behind the IT sector. In India, the real estate sector ranks second in terms of employment just behind the IT sector. GST has significantly contributed to this sector’s huge advancements and to resolving the issues and …
What is Virtual CFO Services? Mismanagement is the source of both small and large businesses’ financial struggles. A virtual CFO services can be the best choice for your startup or small business. But where do you begin? The adage “Finance begins where accounting ends” applies here. A virtual CFO service is a financial advisor who …
Introduction When choosing between LLP and Pvt. Ltd. to give their company a distinct identity, startups frequently get stuck on this decision. There are several parallels between LLPs and private limited companies, such as the fact that both are considered independent legal organizations from the individuals who operate them. Just as directors or shareholders in …
What is Non Compliance? We all should know about Non Compliance Services. Almost all businesses must abide by laws, rules, and standards in order to conduct themselves legally. The regulations are in place to safeguard the business, its stakeholders, consumers, and staff. Depending on the sector, location, operations, and entity type of the business, different …
What are the risks of non-compliance on business? Read More »
What is outsourcing Compliance Services? Outsourcing compliance services are available in Delhi. Businesses can significantly lower labor costs through outsourcing in Delhi. When a business uses outsourcing, it enlists the assistance of external, non-company companies to carry out certain activities. In order to accomplish the work for less money, outside businesses frequently establish different remuneration schemes …
What does income tax mean? The two types of taxes imposed are direct taxes and indirect taxes. A sort of direct tax known as income tax is imposed based on the income of the individual. Different sorts of revenue include wages, real estate, businesses, capital gains, and income from other sources. The taxpayer must pay income …
In order to conduct any kind of business in the state of Maharashtra, one must get a gumasta licence, a type of registration. Entrepreneurs need a Gumasta License in Maharashtra to launch any kind of business. According to the 2017 Maharashtra Shops and Establishments Act, the Municipal Corporation of Mumbai is responsible for regulating this licence. …
In terms of GST, What Do “Export” And “Import” Mean? Exports and imports are essential to the growth of the economy because they combine foreign exchange across international borders. According to the GST Act, import refers to the supply of goods across international borders, whilst export refers to the provision of commodities outside of Indian borders. …
How Do Audits Work? The term “audit” typically refers to an examination of financial statements. A financial audit is an independent review and assessment of an organization’s financial statements to ensure that they fairly and accurately reflect the transactions they purport to represent. Employees of the organization may conduct the audit internally, or an independent …
