A private limited company is a type of business structure that is commonly used by entrepreneurs and business owners. This type of company is considered to be a separate legal entity, which means that it is distinct from its owners. In India, a private limited company is governed by the Companies Act, 2013. One of …
Are you the owner of a proprietorship firm and looking to expand your business? Converting your proprietorship firm to a private limited company can be a great option for you! Not only does it provide you with more opportunities for growth, but it also offers several other benefits. And if you’re based in Gurgaon or …
As a responsible citizen, filing your Income Tax Return (ITR) is an important part of your financial obligations. Every year, the Income Tax Department of India mandates individuals and entities to file their ITRs, and non-compliance with the same can lead to penalties and legal consequences. If you are a taxpayer residing in Faridabad, Haryana, …
If you are a business owner in India, you might have heard of the Goods and Services Tax (GST) – a unified tax system that replaced multiple indirect taxes in the country. Under the GST regime, businesses are required to obtain GST registration to legally carry out their operations. If you are a business owner …
Internal audit services are an essential part of any organization’s risk management framework. Internal audit services in Gurgaon, India, are no exception, and they are critical in ensuring that businesses in the region maintain their integrity and protect themselves from various risks. Internal audit services in Gurgaon refer to the independent examination and evaluation of …
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Audit is a systematic examination of the financial statements, records, transactions, and operations of an organization to determine whether they comply with the applicable laws, regulations, and accounting principles, and whether they are reliable, accurate, and complete. The objective of an audit is to provide assurance to the stakeholders of an organization that the financial …
Under this Act, any GST registration granted can be cancelled by the proper officer under certain circumstances, as outlined in this section. The cancellation may occur either on the officer’s own accord or upon application by the registered person. Some of the reasons for cancellation include discontinuation or full transfer of the business, amalgamation with …
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Electronic invoicing, or e-invoicing, is a method of generating and exchanging invoices between businesses electronically, rather than using paper-based systems. E-invoicing has become mandatory for taxpayers whose aggregate turnover, based on PAN, is over Rs. 10 crore per financial year. It is applicable for all B2B taxable supply of goods or services or both and …
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