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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 […]
Being the sentry of constitutional, statutory rights, Judiciary plays a vital role in the legal system. It can examine administrative and legislative actions on the foundation of constitutional law. For the implementation of fundamental rights, one has to opt for Supreme Court directly by requesting Writ Jurisdiction. What is PIL? In simple terms, a Public […]
We all people purchase goods or avail services to fulfill our requirement. Sometimes these goods or services may not live up to the expectation or fails to justify their price point. Every now and then, consumers are deceived by the trader’s unfair practices. Fortunately, the Government has established the Consumer Protection Act 1986[1] to counter […]
The Companies Act, 2013 represents a Charge as an interest or claim formed on the assets or resources of a Corporation or any of its project as security and includes a mortgage U/s 2(16). In the earlier Act of 1956, the word “Mortgage” was not included. Section 124 to section 145, 1956 confronted the charges. […]
Borrowing funds are an essential reservoir for a corporation to raise funds for financing large-scale projects and extending its business. Corporate borrowings comprise loans obtained by a registered company by way of forming a charge on its assets as security to the lender company. As defined in the Companies Act, 2013[1], “charge” means an interest […]
The Central Board of Indirect Tax and Customs (CBIC) announced that the Aadhaar Authentication Mandatory for GST Registration from April 1, 2020. The tax pundits across the country have already speculated this change a few months ago, and finally, the Ministry of Finance has put an authentication stamp on it. This change was announced via […]
Typically, the supplier of goods or services is accountable for paying GST. Though, in specified circumstances like imports and other notified supplies, the obligation may be swift to the recipient under the reverse charge mechanism. Unlike normal GST payment process, the recipient of the supplies is the one who is entitled to pay tax under […]
In India, the procedure for incorporation of company involves various steps such as registering business names, drafting of charter documents such as MoA and AoA, filling and authenticating prescribed forms via DSC, and so on. In this write-up, you would come across a step-by-step procedure for incorporation of company in India. Procedure for incorporation of […]
TDS return filing is a legal mandate for all taxpayers who come under the tax slab as underpinned by the IT department. All eligible taxpayers should mandatorily e-file the TDS return via the Income-tax e-filing portal. All individuals engaged with tax deduction activities must submit the TDS return via an aforesaid online portal. After successful […]