Phone++91 9654831210
As per provision of company law even though the company is registered in some state can its operation be conducted from some other state? Yes, It is possible for business firms to incorporate in one state and operate business in another state in India. The enterprise registration in India is carried under the law of […]
Read MoreWhen is a Director Considered Disqualified from the Position of a Director? A company functions as a legal entity via natural beings known as directors. These experts, often known as corporate officials, are in charge of managing the company’s operations. – Unsound Mind: If the court declares a director to be unsound of mind. – […]
Read MoreWhat are options to resolve dispute among directors? Disagreements among directors of a company are quite common. However, if these disputes aren’t resolved quickly, they can significantly harm the business. The situation becomes even more complex if the directors involved are also shareholders. These conflicts can arise for various reasons, such as differing opinions on […]
Read More√Loan from Shareholder: Yes, shareholders and their relatives can give a loan to the company. However, there are some important rules to keep in mind. According to Rule 3 of Chapter V (Terms & Conditions of Acceptance of Deposits) in the Companies Act, a company is restricted from accepting or renewing deposits from its members […]
Read MoreLoan from Director under Companies Act 2013. A common question that arises is whether a director or shareholder can give a loan to a company. This applies to both private companies and unlisted public companies. If a company accepts a loan from an individual who is both a director and a shareholder, should this be […]
Read MoreOVERVIEW FOR ALL THE FORMS 1 TO 6. the Income Tax Department of India recently the updated Income Tax Return (ITR) forms for the assessment year 2024-25. Let’s dive into what’s changed, who’s eligible, and how these forms connect in a nutshell: Specific changes and Eligibility criteria For Filing ITR Forms. √ITR Form 1 Specific […]
Read MoreWhat does ITR- 6 Form stand for? ITR 6 is the Income Tax Return filing form designed exclusively for companies who do not claim exemption under Section 11 and must file their income tax returns in ITR-6 Form. What companies are claiming exemptions under Section 11? Companies that claim an exemption under section 11 are […]
Read MoreWhat is ITR-5 Form? This income tax return is designed for various entities, including firms, LLPs (Limited Liability Partnerships), AOPs (Associations of Persons), BOIs (Bodies of Individuals), AJPs (Artificial Juridical Persons), estates of deceased individuals, estates of insolvent individuals, business trusts, and investment funds. You can view the latest ITR-5 form from the Income Tax […]
Read MoreWhat is ITR-4 Form? ITR-4 is the Income Tax Return form for those who choose the presumptive income scheme under Sections 44AD, 44ADA, and 44AE of the Income-tax Act, 1961. However, if your business turnover exceeds ₹2 crore, you’ll need to file ITR-3 instead. The Eligibility Criteria for file ITR 4 for AY 2024-25: Individuals/HUF/Partnership […]
Read MoreWhat is ITR-3 Form? Think of ITR-3 as your go-to form if you’re an individual or part of a Hindu Undivided Family (HUF) earning profits from business or profession. It’s like a master form because it’s where you can report all your different streams of income. Whether it’s from your business ventures, freelance gigs, or […]
Read More