#Bestaccountingcompanies Tumblr posts

  • chhotacfoin
    09.10.2021 - 2 weeks ago
    #top accounting firms #How to avoid notices from Income Tax Department? #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    07.10.2021 - 2 weeks ago
    #register public limited company #Howtomakemoneyfromsellingonamazonandflipkart? #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    07.10.2021 - 2 weeks ago
    #register public limited company #How to make money from selling on amazon and flipkart? #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies
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  • chhotacfoin
    28.09.2021 - 3 weeks ago

    GST is exempt on hostel rent of less than Rs.1,000 per day per student, according to the Maharashtra Authority of Advance Ruling (AAR). M/s.Ghodawat Eduserve LLP (applicant) offers commercial training and coaching to students interested in taking IIT exams, among other things. The hostel offers residential facilities and charges a one-time fee of Rs.34,000 per student per year, which works out to about Rs.95 per day. For more details visit our blog : https://bit.ly/3lZNsZG

    #GST Amnesty Scheme gets extended #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    27.09.2021 - 4 weeks ago
    #top accounting firm bangalore #GST Amnesty Scheme gets extended #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    27.09.2021 - 4 weeks ago

    Employees Stock Option Scheme and Sweat Equity Shares are two methods of issuing shares by a company to its employees and also can increase the share capital of the Company.

    As per Section 2(37) of the Companies Act, 2013 employees stock option means the option given to the directors, officers or employees of a company or of its holding company or subsidiary company or companies, if any, which gives such directors, officers or employees, the benefit or right to purchase, or to subscribe for, the shares of the company at a future date at a pre-determined price.

    As per Section 2(88) of the Companies Act, 2013 Sweat Equity Shares means that such equity shares as are issued by a company to its directors or employees at a discount or for consideration, other than cash for providing them know how or making available rights in the nature of intellectual property rights or values addition, by whatever name called.

    For more details visit our blog : https://bit.ly/2WlcNEA

    #Difference Between ESOP and Sweat Equity Shares #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    27.09.2021 - 4 weeks ago

    Provisions Relating to Advance Tax

    A gist on provisions relating to Advance Tax (Sections 207 – 219) of the Income Tax Act, 1961

    SL. NO.

    PARTICULARS

    INFORMATION/ INPUTS

    1.

    Liability to pay

    Every person whose estimated  tax liability for the year is Rs.10,000 or more is required to pay advance  tax. (Section 208)

    2.

    Persons not liable to pay

    A resident senior citizen  (i.e., an individual of the age of 60 years or above during the relevant  financial year) not having any income from business or profession is not  liable to pay advance  tax. (Section 207)

    3.

    Computation of advance  tax

    Assessee has to estimate his  income for the current financial and compute tax there on as per rates in  force for the financial year. This computed tax shall be reduced by taxes  deducted or collected at source. (Tax referred to as estimated annual tax)

    4.

    Due dates for payment of advance  tax

    a)      By  15th of June :  to pay not less  than 15% of estimated annual tax as  advance  tax b)     By 15th of September :  to pay not less  than 45% of estimated annual tax as advance  tax as reduced by amount, if any, paid in earlier installment  c)      By 15th of December :  to pay not less  than 75% of estimated annual tax as advance  tax as reduced by amount, if any, paid in earlier installments  d)     By 15th  of March :  to pay 100% of  estimated annual tax as advance  tax as reduced by amount, if any, paid in earlier installments For  taxpayers who have opted for presumptive taxation scheme of section 44AD or  section 44ADA have to deposit 100% of estimated annual tax  as advance  tax by 15th of March of the financial  year. (i.e. In single installment) (Section 211) Note: Any amount paid  by way of advance  tax on or before 31st March shall also be treated as advance  tax.

    5.

    Payment of advance  tax in pursuance of an order of the Assessing Officer

    If taxpayer fails to pay advance  tax or  has paid advance  tax but advance tax paid is lower than the required amount and where he  has already been assessed by way of regular assessment in respect of total  income of any previous year, then the Assessing Officer may pass an order  under section 210(3) requiring him to pay advance  tax on current year’s income (specifying the amount of tax instalments to  be paid). Such an order can be passed anytime during the financial year but  latest by last day of February. On receipt of the notice from the Assessing  Officer to pay advance tax, if the taxpayer’s estimate is lower than the  estimate of the Assessing Officer, then the taxpayer can submit his own  estimate of current income/advance tax and pay tax accordingly. In such a  case, he has to send intimation in Form No. 28A to the Assessing Officer.  Alternatively, if the advance tax on current income as per own estimate of  the taxpayer is likely to be higher than the amount estimated by the  Assessing Officer, the taxpayer shall pay such higher amount as advance tax  in accordance with his own calculation. In such a case, no intimation to the  Assessing Officer is required. The Assessing Officer can revise his order  issued to the taxpayer to pay advance tax (as discussed above) under section  210(4). Such revision can be done subsequent to the passing of an order to  pay advance tax but before 1st day of March of the relevant financial  year. Such revision based on a return of income in respect of any later year  that has been furnished by the taxpayer or based on any assessment for any  later year that has been completed at a higher figure.

    6.

    Consequences for non- payment  or short payment of advance tax  

    Consequences for non-payment or  short payment of advance tax: 1) Interest under section 234A, 234B and 234C  levied on amount of shortfall in advance tax. (discussed in detail) 2)  Penalty may be levied under section 221.

    7.

    Interest under section 234C   

    a) Rate of 1% per month or for  part of the month. b) Interest is levied for deferment of advance tax or on  short payment advance tax. However, if the amount of advance tax installment  paid is more than 12% (15% applicable as on 15th June) or 36% (45%  applicable as on 15th September)  of tax due then no interest under section 234C is leviable. c) Interest under  section 234C is not applicable on failure to pay advance tax due to short  estimation or under-estimation of tax which is pertains to : Income from  capital gainsIncome from winnings in lotteries, crosswords and like,  andProfit from business in first year of business (i.e. income arises for     the first time under the head of business and profession).

    8.

    Interest under section 234B   

    a) Rate : 1% per month or for  part of the month b) Period : From the 1st day of the assessment year till completion  of regular assessment ordate of determination of income under section 143(1)  (if no regular assessment is made) c) Interest is levied on shortfall in  payment of advance tax. However, if the advance tax paid is more than 90% of  actual tax liability then no interest shall be levied under section 234B.

    9.

    Interest under section 234A   

    a) Rate : 1% per month or for  part of the month b) Period : From the due date of filing return till the  date of filing of return (in case return filed),till the date of completion  of reassessment or re-computation under section 147 or 153A (in case where  return is not filed) c) Interest under 234A is applicable where due date of  filing return under section 139(1) is passed and applicable tax remains  unpaid. CBDT has clarified that no interest shall be levied under section  234A on self-assessment tax paid by assessee on or before due date of filing  return.

    10.

    Penalty under section 221

    a) Penalty can be levied by  assessing office for default in payment of tax including advance tax or  interest thereon. b) Penalty is levied only after an opportunity is provided  to the assesse and assessing officer is not satisfied by the reasons provided  by the assesse. c) Such penalty can amount up to outstanding tax.

    #Provisions Relating to Advance Tax #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company #New LLP registration in India #Bestaccountingfirms
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  • chhotacfoin
    24.09.2021 - 1 mont ago
    #top accounting firm bangalore #GST Amnesty Scheme gets extended #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    23.09.2021 - 1 mont ago

    Every person whose estimated tax liability for the year is Rs.10,000 or more is required to pay advance tax. (Section 208).

    A resident senior citizen (i.e., an individual of the age of 60 years or above during the relevant financial year) not having any income from business or profession is not liable to pay advance tax. (Section 207).

    Assessee has to estimate his income for the current financial and compute tax there on as per rates in force for the financial year. This computed tax shall be reduced by taxes deducted or collected at source. (Tax referred to as estimated annual tax).

    Due dates for payment of advance tax:

    1.     By 15th of June :  to pay not less than 15% of estimated annual tax as  advance tax.

    2.     By 15th of September :  to pay not less than 45% of estimated annual tax as advance tax as reduced by amount, if any, paid in earlier installment.

    3.     By 15th of December :  to pay not less than 75% of estimated annual tax as advance tax as reduced by amount, if any, paid in earlier installments.

    4.     By 15th  of March :  to pay 100% of estimated annual tax as advance tax as reduced by amount, if any, paid in earlier installments.

    For taxpayers who have opted for presumptive taxation scheme of section 44AD or section 44ADA have to deposit 100% of estimated annual tax as advance tax by 15th of March of the financial year.

    Note: Any amount paid by way of advance tax on or before 31st March shall also be treated as advance tax.

    #Provisions Relating to Advance Tax #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    23.09.2021 - 1 mont ago
    #register public limited company #Provisions Relating to Advance Tax #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    21.09.2021 - 1 mont ago

    The Articles of Association is similar to a rule book, within a company. This document contains internal detailed governing aspects of the company’s organisation. These include shares, details in manner of holding the company meetings, the role and powers of the directors.

    Every company formed in India under Companies Act is required to have articles, without which a company cannot legally be formed. This requirement applies to all types of Companies.

    Features of Articles of Association:

    1.     It is a part of the constitution of an organization.

    2.     A contract between the members and among the members themselves.

    3.     It lays down the duties of shareholders.

    4.     Few statutory clauses should be included in the article of associations. Other clauses can be chosen to make the bye-laws of the organization.

    5.     Article of Association can be inspected by anyone as they are a public document.

    The article of a company is an important document which is company’s rule book, defines the responsibilities of its directors, the different means by which the shareholders may exert their control over the directors and the company. While the memorandum defines the objectives of the company, the articles lay down the rules through which the objectives are to be achieved.  In cases of conflict, Act overrides the Articles.

    #All about Articles of Association (AOA) under Companies Act 2013 #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    21.09.2021 - 1 mont ago
    #All about Articles of Association (AOA) under Companies Act 2013 #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    21.09.2021 - 1 mont ago
    #Provisions Relating to Advance Tax #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company #Bestaccountingfirms
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  • chhotacfoin
    20.09.2021 - 1 mont ago

    The literal meaning of Form FC-TRS is Foreign Currency Transfer of Shares. This form is filed in case of transfer of shares of an Indian Company from a resident to a Non-Resident/Non-Resident Indian or body corporate outside India and vice versa through its authorised dealer bank.

    Time Limit: The form FC-TRS shall be filed with the Authorised Dealer bank within Sixty days of transfer of capital instruments or receipt/remittance of funds whichever is earlier.

    Step 1: Registration under FIRMS Portal of RBI as entity user and Creation of Master Data in Single Master Entity Form.

    Authority Letter is required to be prepared for personnel authorizing him/her for registering as an Entity user for the entity.

    Step 2: Registration as business user on FIRMS portal.

    Authority Letter is required to be prepared for personnel authorizing him/her for registering as an Entity user for the entity.

    Step 3: Reporting of Form- FC-TRS.

    For more details visit our blog : https://bit.ly/3EDqCiI

    #Procedure For Filling Form FCTRS #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    16.09.2021 - 1 mont ago

    Every company formed in India under Companies Act is required to have MOA, without which a company cannot legally be formed. This requirement applies to all types of Companies. For more details visit our blog : https://bit.ly/3zcxP5v

    #Memorandum of Association (MOA) under Companies Act 2013 #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    15.09.2021 - 1 mont ago

    A complete guide on Incorporation of a Foreign Subsidiary Company/ Registration of a Foreign Subsidiary Company in India without any hassle, get in touch with us at Chhota CFO (www. chhotacfo.com) For more details visit our blog : https://bit.ly/3zd0jw2

    #Foreign Company Registration #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    15.09.2021 - 1 mont ago

    Subject to the passing of a resolution in general meeting and fulfilment of the specified conditions a company can take deposit from its members to the extent of 25% of paid up capital and free reserves (and securities premium account w.e.f. 15th September 2015). For more details visit our blog : https://bit.ly/3hBsKO6

    #DEPOSITS AND EXEMPTED DEPOSITS #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies #register public limited company
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  • chhotacfoin
    13.09.2021 - 1 mont ago
    #register public limited company #Memorandum of Association (MOA) under Companies Act 2013 #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    13.09.2021 - 1 mont ago
    #resume format for freshers 2021 #Bio-data/resume format for freshers 2021 #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #LLP Registration Consultant #Bestaccountingcompanies#Bestaccountingfirms
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  • chhotacfoin
    13.09.2021 - 1 mont ago
    #register public limited company #Foreign Company Registration #LLPcompanyregistrationBangalore #LLP registration firm #Best Company Registration Company #Bestaccountingcompanies #New LLP registration in India
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