About LLP stands for a Limited Liability Partnership. … Like a traditional partnership, LLP also allows the partners to organize their internal structure. An LLP is a legal entity, liable for the full extent of its assets. However, the liability of the partners is limited. LLP Form 11 Annual Return LLP registered under the LLP act 2008. .It...
Continue readingWhat is Form INC-22A?
FORM INC-22A Form INC-22A is introduced by the Ministry of Corporate Affairs (MCA) to check the authenticity of all registered companies under the Companies Act, 2013. This form was introduced by the Ministry of Corporate Affairs (MCA) on the 21st of February, 2019. Form INC-22A introduced to check the existence of Registered office addresses...
Continue readingWhat is PAN Card?
Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by the Income Tax Department. Each assessee (e.g. individual, firm, company, etc.) is issued a unique PAN. A PAN is a unique identifier issued to all judicial entities identifiable under the INCOME TAX ACT 1961. The income tax PAN and its linked card are issued...
Continue readingWhat is the Letter of Undertaking in GST?
In order to Export goods or services, all the suppliers registered under GST Act are required to file a Letter of Undertaking (LUT) in Form RFD-11 on GSTN common portal to export goods and services without making payment of IGST. A letter of undertaking is required to be filed online before exporting the goods/services....
Continue readingWhat is GSTR 3B?
GSTR 3B is a return form introduced by the Government. It does not require invoice level information. It only requires total values, like a summary, for the month for which filing is done. GSTR-3B has to be filled by registered dealers from July 2017 till March 2020.GSTR-3B is a monthly self- declaration form. Every registered person...
Continue readingTAX DEDUCTED AT SOURCE (TDS)
Introduction​ TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The...
Continue readingITR FOR SALARIED PERSON
What is ITR? Income Tax Return (ITR) is a form in which the taxpayers file the information regarding the total income earned during the financial year and compute the tax applicable to his income computed for that financial year to the income Tax Department. The Income Tax Department notifies 7 various kinds of ITR...
Continue readingWhat is Transfer of Shares?
Transfer of Shares Transfer of shares means the transfer of all the rights and duties of the shares from one person to another. Transfer of shares is affected by striking off the name of the existing shareholder from the register of members and by inserting the name of the transferee in place of the transferor...
Continue readingWhat is the Form AOC-4?
About: AOC 4 is a form for filing the financial statement and other documents with the Registrar of Companies (ROC). It is the mean through which the Company or we can say Board of Directors of a company communicate and share the insights of companies to its Stakeholders. The essential means to communicate is...
Continue readingHow to change the authorized share capital of a company?
What is the authorized capital? Authorized Share Capital is the maximum limit of share capital up to which a company can issue its shares to shareholders. No shares can be issued by the company beyond the specified limit. Hence, if a company wants to issue shares beyond the limit then it has to make...
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