Tax Updates
Udyam Registration procedure – Hi Reader! In this article we learn about the Udyam Registration procedure. Government of India has issued notification on 26th June 2020 regarding Udyam Registration. In the said notification they launched new process of classification and registration of MSME Enterprises under the Name of “Udyam registration”. For Udyam registration, the MSME …
LLP Advantages and Disadvantages in India Limited Liability Partnership – New way of Business in India: – Hi Readers, in this Article we will discuss about LLP advantages and disadvantages in India. There are many ways to start a new business in India like Proprietorship; Partnership Firm, Limited Liability Partnership Firm (LLP), Private Limited Company, …
Udyog Aadhaar and MSME Registration Hi Readers, in this article we will discuss about Udyog Aadhaar and MSME Registration. With the view to address policy issues related to MSMEs a separate law, The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006. The purpose of the MSMED Act was to facilitate development …
Key changes through Company Amendment Bill 2017 Hi Reader, in this article we read the key changes through company amendment Bill 2017 and section wise comparison with the exiting provisions of company act 2013. Company Amendment Bill had been passed by Lok Sabha on 27th July 2017 after that passed by Rajya Sabha on 19th …
How to response Cash Deposit Notice Income tax department (ITD) has been started to send notice in respect of cash deposited by a person during the period of 09th November to 30th December 2016. Around 18 lakh persons have been identified by ITD whose cash transaction does not match with tax payer’s income tax profile. …
Highlights Budget 2017 Impacting Salaried Persons A. Change in Tax Slabs and tax rebates: – 1. A new tax rate of 5% will be applicable for individuals having total income from 2.5 lacs to 5 lacs. 2. An additional surcharge @10% will be applicable for individuals having total income in the range of 50 lacs to …