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Qualification A Chartered Accountant holding a valid Certificate of Practice. A firm shall also considered to appointed by its firm name whereof majority of partners practising in India are qualified for appointment as auditor of a company.

Act before March-end, so that you don’t have to regret in July! So many clients put their palms on their head , when it is the time to pay taxes and file return, in July. Taxes have already fired at them, they have done nothing to save themselves against the tax shots. They could have […]

Namaste from Moneyम्जी! Let’s understand about the process of registering under Startup India Plan. See, you are a startup, and fostering an environment of innovation, something which the government is promoting. You do deserve some benefits for that. Startup India Plan of the government provides you those benefits.

Forming a company with too many forms has become a ‘Baba Aadam Zamana’’s thing. Moving towards ease of doing business, Ministry of Corporate Affairs (MCA) has spiced up the way a company is formed, by introducing and constantly upgrading the SPICE forms (Simplified Proforma for Incorporating Company Electronically). Additional ‘masaala’ added in these forms now […]

Here are the key highlights from the Budget 2017

Namaste from Moneyम्जी! Probably, you chose to start LLP over company because it is less costly and requires relatively lesser compliance. But, you might be unaware of the fact that if you don’t comply with mandatory requirements for an LLP, you will end up paying such heavy penalties that it can even force you to […]

IT : Where assessee’s major income constituted of income from sports endorsement and that entire investment in shares was made out of his own funds and investment in shares with Portfolio Managers was a meagre percentage of assessee’s total investments, income on sale of shares and mutual funds was to be taxable under head capital […]

Listen जी, giving a birth to a baby is not enough. You also need to take due care of that baby. Similarly, forming a private limited company is not enough, you also need to make sure that the company is following all the compliance and should not get into any trouble for violation. Moneyम्जी will […]

Use Your Car, Avail Benefits Apaar! 😉 Company offers car expenses reimbursement to its employees if these expenses are incurred for official duties. Car owned by employee, expenses borne by employer Income tax liability in this case is based on the purpose of use: private, official or both.