Bank Reconciliation in Tally It is unlikely that a company’s bank balance as per its books and the bank balance as per the bank statement will be identical. Since there are many payments and deposits in transit at all times, … Continued
MCA to Introduce DIR-3 KYC As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every … Continued
LLP – In Brief – Unlike Companies, not all Limited Liability Partnerships (LLPs) are not required to get their books of accounts audited. A private limited company has to get its books of accounts audited irrespective of its turnover and … Continued
INCORPORATION OF A COMPANY THROUGH ‘SPICe’ FORM Private Limited Company is the most popular type of corporate legal entity in India. Registrations of Private limited companies is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies … Continued
What is an intimation u/s 143(1)(a)? Whenever we submit any kind of document to the government, we always hope that we have done our due diligence and the government will be satisfied with the details provided by us. However, it … Continued
E-Way Bills – Updated At the 26th GST Council meeting, it has been decided to implement he inter-state e-way bill from 1st April, 2018. For intra-state movement, the e-way bill will be rolled out in a phased manner starting … Continued
Income Tax Slabs for Financial Year 2017-18 Income Tax is that percentage of income paid to the government by the taxpayers for the betterment of the public at large. This income is categorised into different groups on the basis … Continued