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Quick Requirements for Company Formation in India (within 5 days): Minimum Directors: 2 (at least 1 Indian resident required) Minimum Promoters/Subscribers: 2 Company Name Business Objectives Minimum Capital: INR 1,00,000 Registered Office: Owned or Rented Preliminary Steps for Company Incorporation in India: Application for Reservation of Name: The first step Company Incorporation in India is […]

Auditing, under the purview of various legal frameworks, serves as a cornerstone for ensuring financial transparency and regulatory compliance. One such critical audit, mandated by the Income Tax Act, 1961, is the Tax Audit. This audit is crucial for verifying the accuracy of financial records and ensuring compliance with tax regulations. The role of the […]

Understanding Black Money Black money refers to income or funds earned through illegal activities or undisclosed transactions that evade tax authorities and government regulations. Common sources of black money include: Underreporting Income: Individuals or businesses may intentionally report less income to reduce their tax liabilities. Illegal Activities: Profits from illegal activities such as drug trafficking, […]

Meaning of Chartered Accountant A Chartered Accountant is a solutions-oriented professional known for their expertise in various accountancy fields. They are often described as those who remain alert when others may overlook details. In India, Chartered Accountants (CA) hold qualifications equivalent to a Certified Public Accountant (CPA) in the United States, and they play a […]

About the Interim Budget In India’s fiscal calendar, interim budgets hold a pivotal role, providing continuity between two full budget cycles. While they may not have the scale or scope of a full budget, interim budgets have substantial implications for the economy, governance, and public sentiment. An interim budget is a temporary financial blueprint presented […]