Pankaj Tyagi

About Pankaj Tyagi

Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.

Prerequisites of NBFC Registration: A Comprehensive Overview

Non-Banking Financial Institutes, aka NBFCs, are the anchor of the financial sector, accountable for the 12.5% rise in GDP. Unlike earlier days, NBFC registration is now quite easy to perform due to less paper. Before we address this registration process briefly, let us shed some light on the basics of NBFCs, whose role is to […]

A Complete Guide on How to Save Income Tax

Have you ever dreamt of isolating your income from probable taxes? We bet you did, maybe countless times. But let face it- this is something you can’t refuse or overlooked. Well, most of us look at taxes as a financial burden. What could maximize our stress could be a lack of knowledge in regards to […]

Resolutions Passed at an Adjourned Meeting – A Complete Overview

Resolutions passed at an adjourned meeting is a provision mentioned under section 116 of Company act 2013 states that where a decision is approved at an adjourned meeting of a company or shareholders; the resolution shall be deemed as passed. . There are still many people out there who seek a brief explanation in the […]

Resolution Requiring Special Notice – A Deep Insight

This provision under Companies Acts section 190 states that there were a few numbers of resolutions that cannot approve without prior notice given to the company. Legislative Background After getting a successful approval of company registration, there are few things needs to be considered, such as a special notice shall be provided by the board […]

Circulation of member resolution: Everything you need to know

Circulation of member resolution generally indicates the resolution authorized by the circulation among the members of the board or directors. The resolutions often passed under the state of urgency or to avoid the requirement of assembling the physical board meeting.  Alternatively, the board members can play the same role in this regard. Those members who […]

Trust: Definition, Advantage, and Types

Generally, a trust is recognized as a legal document that can be created during a lifespan of a person and sustain even after its death. This legal document can also be created by a will and even formed after the demise of the concerned person. In the blog, we have descriptively outlined the type of […]

How to Get 80g Registration for Trust?

80G is a certificate of tax exemption that you got when you made donations to charitable trusts or organizations that are registered under section 12 A. There is, however, a criterion for the maximum permissible deduction. The rule is “if the overall donation amount exceeds 10% of the total gross income, then the excess amount […]

Can Startups Benefit From MSME Registration For Better Govt Support?

The Micro-Small and Medium Enterprises (MSME) is primarily defined in terms of their investment size. In the context of the manufacturing sector, the MSMEs are basically categorized by the investment made in the plant for service sector organizations.  These types of companies play a significant role in the economy by employing a good volume of […]

Society must accumulate income as per section 11 of the income tax act: Punjab and Haryana HC.

The High Court of Punjab and Haryana has come to a critical verdict regarding the accumulation of account done by the specific society. The honourable courts have mentioned that if the threshold of the amount accumulation surpassed 15% figure, then it should utilize for a particular purpose rather than future aim or objects. Significantly, this […]

ITR Rectification – A Complete Guide on How To Rectify ITR Online

Fixing an inaccuracy in the tax return does not always demand a revised return. If you have received intimation from the Income Tax Department[1] under section 143(1) regarding an error, you are entitled to file a rectification. An ITR rectification (under section 154(1)) is provided by the Income Tax Department for the correction of the […]

Why Minutes Of Meeting Crucial For The Organisation’s Success?

Every day, essential meetings take place in your workplace. These meetings, at times, results in the groundbreaking decisions for the organization. But reaching a decision in a meeting is a time-consuming task. And that where we need a medium which can ease out this painstaking errand. Meeting of minutes is a technique of collecting the […]

How To Surrender GST Number?

GST Registration has now become a compulsory requirement for all taxpayers having turnover exceeding the threshold limit. It is also necessary for specific other individuals, including e-commerce operators, UIN holders, persons deducting TCS/TDS, etc.  All these entities have to comply with GST’s rules & regulations and should file the tax on the regular interval. Apart […]

What is Quorum For Board Meeting in Regards to Companies Act, 2013?

The quorum for meeting refers to the minimum number of directors that ought to be required at the Board meeting. The meetings cannot be conducted in the case of minimum quorum. However, a Board meeting may comprise a higher quorum than the essential requirement to the registered companies. A minimum quorum[1] should be equivalent to […]

What is Financial Modeling and How It Helps Businesses to Grow?

A financial model is a replica of a financial scenario. The scenario can be, for example, figuring out the share price of a corporation based on the set of economic conditions; or what the performance value of an organization can be based on a collection of financial circumstances. What is Financial Modeling? Financial modeling is […]