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Interim Budget-2025
The Indian Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, introduces several key initiatives across various sectors aimed at stimulating economic growth, enhancing infrastructure, and providing tax relief. Here’s a concise overview of the major announcements: 1. Taxation Reforms 🏦 2. Agriculture and Rural Development 🌾 3. Infrastructure and Urban Development…
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LEI Number
The Legal Entity Identifier (LEI), a 20-character alpha-numeric code created by the International Organization for Standardization, is based on the ISO 17442 standard (ISO). The benefits of LEI Number is that it connects to crucial reference data, making it possible to clearly and specifically identify the legal entities taking part in financial transactions. Each LEI answers…
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Import Export Code (IEC Code)
An Importer Exporter Code (IEC) is crucial business identification number which mandatory for export from India or Import to India. Unless specifically exempted, any person shall make no export or import without obtaining an IEC. For services exports, however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade…
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Startup India Registration Scheme
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Annual Compliances for Private Limited Company
What are compliances to be maintained by the Private Limited Company? Annual ROC Filings Annual General Meeting Board Meeting Directors Report Facebook Twitter Instagram Whatsapp
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Benefits of MSME Registration
1. Bank loans (collateral-free) The collateral-free credit applies to all small and micro-business verticals as specified by the Government of India. This initiative by our government ensures funds to both micro- and small-sector enterprises. Under this scheme, both the previously registered and the new enterprises can avail the deemed benefits. The Credit Guarantee Trust Fund Scheme was…
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MSME Registration
MSME means MIRCO, SMALL & MEDIUM ENTERPRISE CLASSIFICATION OF MSME Benefits of MSME registration ↗
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Project Report
A project report is a document that describes a project’s objectives, milestones, challenges, and progress. It plays a critical role in the project planning and management process. Let’s take a closer look at project reports – meaning, types, components, and how to create one successfully. What is a Project Report? A project report is a…
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Accounting Management
Accounting is defined as per PAS Consultancy is : Accounting has been defined as “The Language of Business” because it is the basic tool for recording, reporting, and evaluating economic events and transactions that affect business enterprises. Accounting processes document all aspects of a business’s financial performance, from payroll costs, capital expenditures, and other obligations…
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Types of GST Registration ??
Normal taxpayers : Most businesses in india fall under this category. Businesses whose turnover exceeds Rs. 40 lakh in a financial year are required to register as normal taxable people. However, the threshold limit is Rs. 10 lakh if you have a business in the north-eastern states, j&k, himachal pradesh, and uttarakhand. Casual Taxable Individual…
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Who should Register for GST?
All the businesses Supplying Goods whose Turnover exceeds INR 40 lakh in a financial year are required to register as a Normal Taxable Person. However, the threshold limit is INR 10 lakh if you have a business in the North-Eastern States, J&K, Himachal Pradesh, And Uttarakhand (Special category States). The Turnover limit is INR 20…
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Goods and Service Tax
What is GST Registration ??? Objectives Of GST Who should Register for GST ???? Types of GST Registration ????
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Income Tax Compliance
Click here for Filling of your Income Tax Return Filing income tax returns is often seen as a cumbersome process by the majority of the people. That is the reason why many decide to skip filing returns. As a responsible citizen, you need to make sure that you file your returns every year. This is…
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TAN Registration & Compliance
What is TAN registration? The tax deduction account number or tax collection account number is a 10-digit alpha-numeric number. The income tax department issues TAN registration number. It begins with four alphabets and five numbers, then one alphabet. We all know how critical it is to obtain a TAN before engaging in any form of…
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PAN Registration
Uses of PAN card : In addition to being utilized by the income tax department to track taxpayers, the PAN card is mandatorily required for several daily transactions. Therefore it is of utmost importance to be aware of the PAN card uses. Ad on : There are a number of advantages of a PAN…
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