Skip to content

CA SHARWAN

Types of Business Entities in USA & How to Choose Right One From It

When you are starting a business, there are so many things which comes to your mind and the first things you want to do is to choose the structure of your firm—in other terms, Select a business entity type. These are the Business Entity Types in USA: – Sole Proprietorship General Partnership Limited Partnership C-Corporation S-Corporation Limited Liability Company (LLC) The type of entity you choose for your business defines… Read More »Types of Business Entities in USA & How to Choose Right One From It

Gold Loans and Frauds

Gold loans come under secured loans where gold jewelry is used as collateral. The loan amount is usually a percentage of the gold’s value. You can repay the loan through monthly installments. After the repayment, you can take your gold jewelry back. Private Banks, nationalize banks and other financial institutions offer gold loans at affordable interest rates. Generally, borrowers use this loan to meet a sudden financial goal, like marriage… Read More »Gold Loans and Frauds

GST: Quarterly Return Monthly Payment Scheme with Examples

Quarterly Return Monthly Payment Scheme is also known as QRMP, recently introduced initiative by the Government in its initiative to simplify compliance for taxpayers. The CBDT (Central Board of Direct Taxes) had issued notifications which are: Notification No. 82/2020, Notification No. 83/2020, Notification No.  84/2020 & Notification No. 85/2020 Central Tax dated 10-11-2020 and Circular 143/2020 on 10th November, whereby the registered persons having aggregate turnover up to INR 5… Read More »GST: Quarterly Return Monthly Payment Scheme with Examples

How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?

Disqualification of directors can refer a situation in which a person is restricting from holding the office of director in any company. Under disqualification, a person cannot be appointed as a director in any company in a specified time period. Before going to details first you need to understand the term Director of the company. A Director can be any person who acts on behalf of the company as the… Read More »How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?

All About Electronics Hardware Technology Park (EHTP) Scheme

EHTP is abbreviated form of Electronic Hardware Technology Park Scheme which is launched by the Ministry of Electronics and Information Technology, Government of India to encourage the entrepreneurs in establishing manufacturing units of the electronic hardware equipment. The EHTP scheme aims to promoting entrepreneurs in mounting Hardware Technology Parks anywhere in India for exporting their produced electronics goods. Various benefits and assistances are provided under the export-oriented scheme to increase… Read More »All About Electronics Hardware Technology Park (EHTP) Scheme

Faceless Assessment

The Central Government introduced the Faceless Assessment Scheme to provide greater transparency, efficiency & accountability in Income Tax assessments. All provisions makes in Faceless Assessment comes under the Income Tax Act, 1961, are introduced to- (a) Alienate the interface between the Assessing Officer & the person who are assessee at the time of proceedings, to the range that is technically feasible. (b) Optimize the utilization of resources through the economies… Read More »Faceless Assessment

All About Export Oriented Unit Scheme

EOU scheme is abbreviation of Export Oriented Units (EOUs) scheme. The EOUs scheme introduced in early 1981 is complementary to the SEZ scheme. It adopts the same production arrangement provide a broad option in locations with reference to factors such as source of raw materials, ports of export, hinterland facilities, availability of technological skills, existence of an industrial base & the requirement for a larger area of land for the… Read More »All About Export Oriented Unit Scheme

Related Party Transaction | Section 188 | Companies Act, 2013

The related-party transaction refers to a deal which made between 2 parties who are joined either by a pre-existing business relationship or by the common interest. Companies oft find business deals with parties with whom they are familiar or have a common interest. Though related-party transactions are legal themselves, they may frame conflicts of interest or lead to other illegal situations. Public companies need to disclose these transactions. Under the… Read More »Related Party Transaction | Section 188 | Companies Act, 2013

ESOP Vs Sweat Equity Shares

Sweat Equity Shares is commonly known as equity shares issued by a company to its employees or directors at a discount or for consideration other than cash. In other term, it refers to the allotment of equity shares to employees as compensation for the efforts & hard work they provided in the growth and success of the company. The issuing of “sweat equity” can help the company to attract and… Read More »ESOP Vs Sweat Equity Shares

All About ESOP

ESOPs is a short form of Employee Stock Ownership Plans which gives workers ownership interest in the company. ESOP is a system under which generally the employees are given a right to get shares of the Company for which they are working. ESOP is a program that provides shares or ownership interest to a company’s staff in the company. Under the program, the employees of a company are allowed to… Read More »All About ESOP