Kandarp Vanita

The youth of today’s generation are always enthusiastic about having their own venture despite working in the 9 to 5 shift job. Skilled workers, instead of having skills, are deprived of the human resources and credit for starting their business. The Indian Government has made collateral-free credit available to this micro, small, and medium enterprises. […]

A Company Secretary is a prominent official in a company who is responsible for the efficient administration of a company. All private sector and public sector companies need to appoint a Company Secretary. In this article, we are going to focus on the key roles and responsibilities of a Company Secretary in a company. Who […]

Impact of GST on tourism Industry is hitting hard our Indian economy. GST introduction and its successive amendments have received both praise and criticisms. Tourism is one such industry that has to bear the ups and downs of the GST Act. Tourism alone is contributing a large chunk of global earnings by being the third-largest export avenue. […]

FAQ on Private Limited Company – today in this article we will brief you about the private company with the help of FAQ on Private Limited Company. Q1. What is a Private Limited Company? The utmost typed question in the FAQ on the private limited company is a what is private limited company. A private limited Company […]

A sin tax is a kind of sales tax or excise tax imposed on the products that are harmful to society.  Basically, it is imposed to discourage consumers from using harmful goods or services that are claim as undesirable or detrimental to society. A sin tax is witnessed with two objectives. Firstly, to make the […]

GST in India is always a hot topic to discuss and if we talk about its comparison with other countries it becomes hotter. Today in this article we will discuss the GST in India vs GST in other Countries. But, let just put some light on the history of the GST. Brief History of GST- So, the […]

GST Composition Scheme is a simple scheme under GST for taxpayers wherein the Small taxpayers can get free of tiresome GST formalities and pay the GST at a predetermined rate of turnover. Any taxpayer whose turnover is less than Rs. 1.5 crore can opt for the benefit under this GST Composition Scheme. CBIC has increased […]

Capital gain is defined as any gain or profit that is received by the sale of the capital assets. As because this gain comes under the category of ‘income’ so it is mandated to pay a tax for that amount in the year during which the transfer of the capital asset is done. Therefore, capital […]

A Nidhi Company is a non-banking Indian finance company which is recognized under section 406 of the Companies Act, 2013. The company’s core pursuit is to borrow and lend money to its members. Nidhi Registration is quite an easy procedure and doesn’t need the approval of ‘Reserve Bank of India’, unlike RBI regulates NBFC. Nidhi […]

The secretarial audit was introduced under the Companies Act 2013. Under the secretarial audit, the company has to go through the compliance audit by the independent practicing company secretary. Section 204 of Companies Act, 2013 contains provision for Secretarial audit for bigger companies. It was proposed as a significant step in improving and enhancing the corporate governance and […]

Tax Deducted at Source (TDS) is one of the significant concerns for taxpayers complying the Income Tax Act. Due to the outbreak of covid-19 pandemic the Government has provided lower TDS Return rates in The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. In Budget 2021, the major changes have been made […]

Non-Governmental Organization (NGO) is an organization which works for welfare and betterment of the weaker sections of the Society. These are no-profit organizations which have no similarity with the profit-making organizations. The variety of interests of these NGO includes child welfare and education, health awareness, animal welfare, environment causes, raising awareness about different social activities or causes. In this article, […]

A Private Limited Company is an entity registered under The Companies Act, 2013. The name itself suggests that the liability of the members is limited. The Ministry of Affairs (MoA) of Government of India mandates Private Limited Company Incorporation. The Private Limited Company Registration is necessary to enjoy the tax benefits incorporated by the Ministry of Affairs. In this […]