Hi Guy’s This is Ravi Verma, In this article, I will tell you about how to file CMP-08 under the composition scheme, Let’s start, What is composition scheme? A small number of compliances have been brought under this scheme by removing many compliances, due to low compliance small businesses focus […]
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How to file monthly EPF returns | EPF monthly challan payment | How to pay EPF online
Hi Guy’s This is Ravi Verma, In This Article, I will tell you about how to File an EPF return. Let’s Start, What is EPF ? Provident fund (PF Act, 1952) is one of the main savings platforms in India, When an employee works in a company, he is paid a […]
Continue readingTop 20 Questions and Answers about GSTR-1 in 2022
Hi Guy’s This is Ravi Verma, in this article, I will tell you about the question and answer of GSTR-1 Let’s Start, What is GSTR-1? In GSTR-1 we give a summary of all our sales so that the government can know how much tax we have collected which we have […]
Continue readingHow to file NIL GSTR-3B Return? | Nil GSTR-3B
Hi Guys This is Ravi Verma, in this article I will tell you about how to file NIL GSTR-3B return in an online way. Let’s start, What is GSTR-3B? Goods and Services Tax was implemented in India on 1st July 2017, after which it becomes very important for individuals whose […]
Continue readingWhat is section 194j? | What are the fees to be covered under section 194j?
Hi Friends This is Ravi Varma In this article I will tell about section 194j. Let’s start, Definition of Section 194j According to Income Tax ACT, when we pay professional fees, technical fees, royalty to any person, then we deduct TDS under section 194j and deposit it to the government. […]
Continue readingWhat is TDS on salary? How to deposit TDS on salary online on the government portal
This is Ravi Verma, In this article, I will tell you how to deposit TDS for salary through online mode. What is TDS on salary? When the salary of any person crosses the threshold limit, then the government levies the tax on his salary, which we call TDS. Who Is […]
Continue readingImportant date extended in the month of February 2022 | Relaxation on levy of additional fees.
Hello Friends, In view of the slowness of our MCA portal, our government has extended the date of some important forms. Some compliance due dates of private limited and public limited companies have been extended and due dates of no other firms have been extended. PARTICULAR PREVIOUS DATE EXTENDED DATE […]
Continue readingChanges in GSTR-2B in 2022 | How to claim ITC in GST 2022 | What has been said in the budget about GSTR-2B in 2022-2023?
This is Ravi Verma, In this article, I will tell you how to claim the correct ITC in GST Portal As per section 38:- Now the government has changed the rules for claiming ITC. If any person has to claim his ITC, then he will have to claim his ITCaccording […]
Continue readingAfter how many days of filing TDS we can download Form 16A?
Hello this is Ravi Verma In this article, I will tell you that after how many days of filing TDS we can generate Form 16A from the TRACES portal. After how many days we should download Form-16A When we file our return, after 3 to 4 days we have to […]
Continue readingWhat is being followed at the Annual General Meeting?
An annual general meeting is held only once in a financial year and in this meeting we cover all the new provisions, shares, remuneration, introduction of directors, the introduction of new shareholders, all these things in annual general meeting. And only equity shareholders attend this meeting. What are the cases […]
Continue readingHow to apply DIN for the appointment of Director
What is DIN number? The Full name of DIN is the Director Identification Number, When a new director is appointed in a company, first of all, any company has to fill a form by visiting the site of the Ministry of Corporate Affairs and the name of that form is […]
Continue readingProcedure to change directorship in a company
To change directors of any company, we have to visit the ministry of corporate affairs (MCA) site and follow some procedures, with the help of which we can change the directorship of any company. In the event of resignation from the post of Director, the Ministry of Corporate Affairs (MCA) […]
Continue readingHow Many Compliance Any Company Has To Complete After Starting the Business
COMPLIANCE:- Compliance means that in order to do any work properly, we have to follow all the rules and laws made by them so as not to bear any loss beyond. While starting any business in India, all the rules made by the Indian Government should be followed. Everything a […]
Continue readingUSEFUL ACCOUNTING RESOURCES FOR MONTHLY AND YEARLY COMPLIANCES
TDS (Tax Deducted At Source) These are the rules made by the government, in which the government is monitored by any of your income and as soon as you get any profit which falls under the rule of tax deducted At source, then the government is first paid tax. The […]
Continue readingINCOME TAX RATE SLAB FOR PRIVATE LIMITED COMPANIES
Income Tax Rate Private Limited Companies FY 2020-21 There are two types of investments in India company, one is of Normal India, which we called as Domestic Company and another forging company invests in it. All the companies have to file their returns on 30 September whether it is domestic […]
Continue readingSTATEMENT OF PROFIT AND LOSS ACCOUNT FOR PRIVATE LIMITED COMPANY
What is Profit And Loss Account? To know about the profit of the business, we have to look at the profit and loss account of that company, then it tells us that my company has earned profit or loss in that financial year. So for this, we have to create […]
Continue readingCompany Balance Sheets Details Step by Step
What is company balance Sheets? In The Balance Sheets, all the assets and all the liabilities of any company are fully accounted for. This shows us how much loan we have taken. How many debaters do we have? How many are Creditors? How many shareholders are holding our shares? What […]
Continue readingClarification on Company’s Director Reimbursement and Role?
Clarification on Company’s Director Reimbursement and Role? 1. How many directors may get reimbursement from the Company? Ans:- There is no restriction all directors can get reimbursement 2. Do the Director need to submit proof and how? Ans:- Yes, through vouchers,bills,letters 3. Director of the company can also work as […]
Continue readingComply the mandatory compliance for your Company
Comply the mandatory compliance for your Company with the provisions of Companies Act, 2013 Appointment of First Auditor. Preparing and printing Share certificates Quarterly Compliance (After Every 90 Days) Holding the Board Meeting Drafting the notice of Board Meeting Preparing minutes thereof Preparation of attendance sheets of the board meetings, […]
Continue readingHow to Appoint Auditor in Private Limited Company
As per section 139(6) of Companies Act 2013, Private Limited company has to appoint its first auditor within 30 days from the date of incorporation in a board meeting. If the board of directors are not able to appoint then it has to be appointed within 90 days in a general meeting of members. First auditor […]
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