Astitva Kumar

With a three-tier federal structure made up of the Union Government, the State Governments, and the Urban/Rural Local Bodies, India has a well-developed tax system. For many of us, income tax is the most intimidating and difficult subject to comprehend. Understanding how taxes are calculated and the numerous phrases used in connection with them is […]

Legal services rendered by an individual attorney, a law company, or senior attorneys are subject to an 18 per cent tax under the Central Goods and Services Tax Act. Legal services refer to products and services offered by Advocates and Lawyers in regard to consultation, advice, or help in any area of law, as well […]

Every nation strives to adhere to the four taxation canons that Adam Smith established. The canons of equity and economy stand out above the rest when it comes to computing PGBP. A person must only pay tax in proportion to his or her ability, and not more, according to the Equity Canon. According to the […]

By creating an innovative and globally competitive industry in India, supported by best-in-class infrastructure, an enabling ecosystem, a streamlined regulatory framework, and qualified workforce, the medical devices sector will be put on an accelerated growth path to increase access and affordability of products and services of excellent quality to meet the evolving needs of patients. […]

One of the most important provisions of the Companies Act of 2013 relates to the compounding of offences. This is because many violations of the Act are technical in nature and result from ignorance due to the confusing complexity of the Act’s provisions. Therefore, it is essential that the Act’s provisions, especially its penalty provisions, […]

On April 21, 1895, in the United States, Woodville Latham and his sons Otway and Grey created the first movie projector. the brilliant innovation and imagination of New Yorker Gene Dolgoff, who created the LCD projector and digital projection. The projector’s primary benefit is that it may be utilised for entertainment. Manufacturers and importers of […]

A digital signature is a subscriber to the document authenticating any electronic document. According to Section 3 of The Information Technology Act of 2000[1], such authentication is done using an electronic method or procedure. In layman’s term the electronic analogues of traditional wet signatures or stamp seals are digital signatures. In comparison to stamp, seals […]

In order to protect the interests of creditors and depositors, the Central Government, in consultation with the Reserve Bank of India (RBI), notified the Companies (Acceptance of Deposits) Amendment Rules 2019 through the Companies (Acceptance of Deposits) Rules 2014. The DPT-3 form is a one-time loan return form that must be filed by a company […]

Having a registered office, which serves as the company’s proof of address, is one of the essential conditions for creating a business. Before opening a business in a rented space, it is typical for start-ups to have a registered office at the promoter’s home. Due to shifting business locations based on demand and cash outflow, […]

The company notifies the Registrar of DIN Services of the Director Identification Number (DIN) via MCA eForm DIR-3C. This form is only applicable if the director is serving in that capacity for one or more firms and has yet to obtain or inform the company or ROC of his DIN. Every director will be required […]

Under the terms of Section 248 sub-clause (1) of the Companies Act, the ROC may provide notice to the company to have its name removed from the register of companies if the company fails to initiate activities within a year or ceases all business operations for a period of two years. ROC’s notice is typically […]

Form INC-22A ACTIVE was established by the Ministry of Corporate Affairs[1] (MCA) in the Companies (Incorporation) Amendment Rules, 2019 and the Companies (Incorporation) (Fourth Amendment) Rules, 2019. Requiring companies to submit information on their registered office and company details. The status of any firm will be listed as “ACTIVE non-compliant” if it fails to submit […]

Any business that wishes to operate legally needs to perform regular audits. Auditors assist in ensuring that business activities adhere to relevant rules and regulations, spot possible dangers, and suggest remedial measures where necessary. Also, auditors can offer insightful information on a business’s operation and future prospects. The business legislation in India requires a corporate […]

Any person who is registered for GST (Goods and Services Tax) and whose annual revenue exceeds the stipulated limit of INR 5 crore must complete Form GSTR-9C, the reconciliation statement, and self-certify it before submitting it on the GST portal[1]. A Statement Of Reconciliation Between Is Included In Form GSTR-9C: The annual returns submitted in […]