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Section 80g of Income Tax Act


Income Tax Act has allowed various deductions to taxpayers, and among those deductions, donations made to the charitable organization are also covered as per Section 80G. All the deductions made to a charitable organization.

04 Jan 2022 by Bhawna Arora

Appointment of Auditor of a Company


Appointment of Auditor of a Company:It is mandatory for all private limited, one person or limited companies to maintain a book of accounts as per the norms of Companies Act and the accounts are to be audited.

20 Oct 2016 by Ankan Bose

One Person Company


What is a One Person Company(OPC)? Who can register a One Person Company?. All information related to One Person Company(OPC). Visit Quickcompany.in

12 Apr 2016 by Archi Bhatia

Business Structure in India


Business structure is an organisation which carries out its business operation within a given jurisdiction and whose aim is to earn profits.

18 Aug 2019 by Koushal Dougra

Director Disqualification: How to Restore DIN?


A person can be disqualified as a director if at any time the director holds the office is found not to qualify as a director of the company or if the company they are director in has not completed the annual compliance procedure with MCA.

06 Feb 2019 by Archi Bhatia

Presumptive Taxation for Business


Entering into a business world and the burden of maintaining legal implications and accounting compliances often leads to many chaos for the businessperson. Considering the said difficulties, specific provisions have been added to the Indian statute of In

17 Jan 2022 by Advocate Amrita

What are the Compliances for Private Limited Company?


Where a small group of people holds a company is a Private Limited Company. Section 2(68) of the Companies Act, 2013 states that a private company has a minimum paid-up share capital as prescribed.

27 Jan 2022 by Bhawna Arora

Foreign Companies Tax Rates in India


Foreign companies in India are liable to pay tax @ 40% on their net income, i.e. after deducting all the expenses subject to allowance by Income tax act, 1961. Further, Foreign companies are also liable to pay surcharge on 1cr income

03 Sep 2014 by Titly Chatterjee

OPC to Partnership


Conversion of OPC into Partnership and vice- versa in not possible as per the law, either go for winding up or transfer the assets and liabilities of the company.

02 May 2017 by Archi Bhatia

Know everything about Representative Assessee - Income Tax


As the name suggests, a representative assessee is a person who represents on behalf of the assessee (the original taxpayer). A representative assessee is responsible for paying taxes and ensuring all statutory compliance is fulfilled as per the law(s) on

21 Jan 2022 by Bhawna Arora