During the year-end close, all financial transactions, assets, investments, bonds, liabilities, and expenses for the past fiscal year are recorded, reviewed, reconciled, and verified. To simplify the process, this article provides a check list for Society Registration: Checklist for financial planning Prior to closing, call for Vendor Invoices for March. The books include a provision…
Annual LLP Compliance Overview
Limited Liability Partnerships (LLP) are an improved version of a general partnership. The Limited Liability Partnership Act 2008 has been published in the official Gazette of India on 7 January 2009 and has been notified as effective from 31 March 2009. As suggested by the name, a limited liability partnership (LLP) is a partnership with…
List Of Compliances Involved In Sole Proprietorship Firm
Compliances Required For Sole Proprietorship Firms The following compliances apply to proprietorship firms based on their type and turnover: Sole Proprietorship Firm Compliance Details Income Tax Return Unless exempt, sole proprietorships must file an annual income tax return during each financial year. Furthermore, the income rate for sole proprietorships is the same as that for…
Ultimate Guide on Online Food Delivery Business Plan
Do you enjoy trying out new cuisines but fear going out during the pandemic? Is it satisfying to recreate those dishes for your friends and family? Why limit your talent to your family? Start an online food business with it and watch it grow rapidly. In order to stay safe at home, people are now…
What Are the Types of RCMC Membership Under FIEO?
Introduction – FIEO Overview The government and private sector formed a new organization called the Federation of Indian Export Organisations (FIEO). RCMC enrollment under this new establishment will give major benefits. The primary thing of the organisation is to promote transnational trade to represent and help small business possessors and exporters in foreign requests. As…
How To Register A Trademark In Maharashtra?
The process of registering a trademark in Maharashtra involves many considerations. Before registering a trademark, it is essential to understand various aspects of trademark registration, including what a trademark is, how it is used, and how it is protected. A lot of information needs to be taken into account if you want to trademark in…
What is GST Return Under The Composition Scheme
Indian taxation laws have been significantly simplified by the Goods and Services Tax, an indirect taxation method. Composition dealers are eligible to file GSTR-4 returns under the GST regime, a scheme available to certain types of taxpayers. GST returns for composition schemes must now be filed annually, rather than quarterly in the past. We will…
How to Determine if GST is Applicable in Jammu and Kashmir in 2022
Introduction The Goods and Services Tax (GST) is a value-added tax that was introduced in India in 2017. The GST is levied on the supply of goods and services at a national level. Jammu and Kashmir is a special case with regard to the GST since it has its own GST laws. The purpose of…
Who Will Issue The FIEO Certificate Of Origin?
Utmost nations need a Certificate of Origin to validate the legitimacy of the goods being exported or imported and to insure that the exportation or importation in question is pure from applicable customs charges. What Is Meant By The Term “ Certificate Of Origin ”? A FIEO Certificate of Origin can be used to determine…
A Step Guide to Payroll Process in India
A payroll department is responsible for performing a number of tasks to ensure that accurate and timely payrolls are issued as well as payroll taxes and record-keeping are met. There is no advantage to rushing these duties, and they should be done with great care and attention to detail. It is possible that this would…