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Deepti Shikha

Deepti Shikha
About Deepti Shikha

Deepti is a Law graduate with an avid interest in reading and very proficient in summarizing legal cases. She has enough experience in handling legal affairs of the company. In the initial days of her career, she has worked as a legal researcher and has 3+ years of experience.

Threshold Limit Under Companies Act, 2013

Several provisions are applicable under the Companies Act, 2013[1]. These provisions are based on the threshold limit related to XBRL, CARO, Cash Flow Statement, Internal Auditor, Duly Certified Annual Return by a Company Secretary in practice, Signing of Annual Return by a Company, Secretarial Audit, Independent Director, Managing Director/Whole Time Director, Key Managerial Personnel, Auditors […]

Section 80GGB and Section 80GGC: Tax Deductions from Donations to Political Parties

Every individual or Company support a political party because of the ideologies or to express solidarity with the party. Apart from this, the primary reason for supporting a political party is to avail tax deductions. Section 80GGB and Section 80GGC provide benefit to the taxpayer in tax deductions. Political contributions are generally made to cover […]

Compliances for a Nidhi Company: A Complete Checklist

A Nidhi Company is categorised under the Non-Banking Financial Company or NBFC, which does not involve the Reserve Bank of India (RBI) license. Section 406 of the Companies Act, 2013 acknowledges a Nidhi Company and is managed and controlled by the Ministry of Corporate Affairs. Their primary fundamental business is borrowing and lending money between […]

Is it Possible to Convert a Nidhi Company into a Full-Fledged NBFC Company?

The concept of Nidhi Company is getting trendy these days as it is the cheapest way to start a Non-Banking Financial Company or NBFC. NBFC’s in India are governed by the Reserve Bank of India(RBI). A net worth of at least two crores is needed to start the NBFC Finance Business in India. However, with the […]

An Overall Assessment of Income Tax Notice

It can be shocking to receive an Income Tax Notice from the Income Tax Department even after filing of Income Tax Return before the due date. An encounter with the Income Tax Department is usually filled with stress. You can be confused regarding why you got the notice and how to respond to it. But […]

Income Tax Return Filing: Step by Step Guide

Tax Compliance or timely filing of Income Tax Return proves your financial wisdom and ethics. An Income Tax Return is a predefined format that is used to file income details and tax thereon with the Tax Department. Any person whose income during the year exceeds the threshold limit whether, through the property, rental, salary, dividends, […]

Mergers and Acquisitions: SWOT Analysis

Mergers and Acquisitions or M&A is a type of business alliance that helps companies to expand or grow their business. Mergers and Acquisitions are altogether a different thing. A typical Merger and Acquisition covers a lot of complex issues like tax, legal and synergy. Its process covers ways of selling, buying, dividing and combining different […]

Annual Compliance of a Public Limited Company: Rules and Procedures

Once you are done with Public Limited Company Registration, the next step is to follow the annual compliances prescribed by the Companies Act, 2013. The Public Limited Companies are classified in two that are Listed and Unlisted Public Limited Companies. A minimum of seven or more persons can start a Public Limited Company. The Public […]

Annual Compliance for Section 8 Company: A Complete Checklist

A Section 8 Company is established with the objective to encourage arts, science, sports, research, education, religion, social welfare, and protection of the environment or any other objective. Section 8 Companies are registered as Non- Governmental Organization under the Companies Act, 2013. The promoters of section 8 Company cannot share profits made as a result […]

Annual Compliance Checklist for Private Limited Company

Every Private Limited Company must file various forms and documents on an annual basis as per the Companies Act, 2013 and Companies Incorporation Rules, 2014. A private Limited Company is a separate legal entity with a benefit of limited liability to its shareholders. A Private Limited Company must stay away from legal disputes that would […]

GST Return Filing Procedure – Types of GST Returns, Due Date and Penalty

Goods and Service Tax, or commonly referred as GST is a consolidated indirect tax under which different GST returns must be filed by eligible taxpayers for each financial year. The requirements for GST return filing online are different for different kinds of tax returns, and it is important to understand them in depth so as […]

Tax Exemption for NGOs: Section 12A & 80G

Registering an NGO in India is beneficial for many reasons. The basic reason is the rebate received in Income Tax under Section 12A and 80G. NGOs with 12A Registration can claim a full exemption from the Income Tax department. NGOs with 80G Certification attract more donors for donating funds to the organization. If NGOs don’t […]

Procedure for Getting Online FSSAI Central License in India

Food safety and standards Authority or FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India. Central FSSAI license is required for food-related businesses such as Manufacturers, traders, restaurants, small eateries, grocery shop, importers, exporters, home-based food businesses, dairy farms, processors, retailers and e retailers. It is mandatory […]

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