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A Sole Proprietorship form of business is managed by a single person. It does not require any registration as such, but to legally start a business, government proofs are required…

Please find below Highlights of Union Budget 2021-22.General1. First digital Budget in the history of India2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle…

Since ages, the Hindu society has been a patriarchal society. This has also been reflected in the laws of the land. The Hindu Succession Act, 1956 which governs the inheritance…

Are you a Resident or a Non-Resident in India? What changed in FY 2020-2021? Among the global pandemic, and the unfortunate effects it might have on the economy, the Finance…

DIRECT TAX PROPOSALS – BUDGET 2020 Hon’ble Finance Minister Smt Nirmala Sitharaman presented the Budget on Saturday, February 01, 2020. The Budget seeks to provide momentum to the buoyancy in…

TRC is the certificate issued by the respective country’s tax department that a person is a tax resident of that country. TRC is usually issued for a specific period. Why…

DTAA are tax treaties entered by the Government of India with various countries to provide relief from double taxation. Generally all the country tax laws state that: The global income…

Bank accounts for NRI / PIO / OCI: An NRI / PIO / OCI can open 3 types of accounts in India: a) NRE account i.e. Non-resident External account: It…

The rules for doing business in India by an NRI / foreign national are governed by the Foreign Exchange Management Act, 1999 (FEMA) and the Foreign Direct Investment (FDI) policy.…

Non-resident Indian (NRI): NRI is the residential status of an Indian citizen with an Indian passport who is residing in a foreign country for business / work / education /…

Strictly asserting with regards Income Tax, NRI or Non-resident Indian is not legal term defined in the Income Tax Act, 1961. The Income tax Act only speaks as to the…

Virtual CFO Service provides businesses which have a finance / accounts team but does not have an in house CFO, who is the financial partner in the growth. Having a…

Is your Company GST ready? Even after almost 2 years from application of GST, many businesses ask this question to themselves. With monthly changes and weekly notifications issued by the…

Goods and Services Tax (GST) is a tax reform that will eliminate India’s major indirect taxes – Excise, Service Tax, and VAT. However, record-keeping and reporting requirements under GST contain…

If you want to conduct your business in the most structured format, private limited company is your answer to it. As Private Limited companies is governed by Companies Act, 2013,…