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  What is the Law Amendment of One Person Company? According to section 2(62) of the Companies Act,2013, One person company means a company that has one person as a member. It gives a  single promoter entire control over the company when limiting his or her liability to donation to the business. You must need to know how to register OPC ? Is It Possible OPC Company Converted Private Limited Company? One Person Company can be changed into a Private Limited Company  both freely before meetin g any  of the above criteria or mandatorily after meeting and they must be remembered  should be minimum 2 shareholders and 2 directors . After, a board aspiration must be passed by the shareholders for accepting the another of the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC. OPC registration process is very easy and hassle-free . What are The Situations When OPC Converted Private Limited Company? You must need to know the things when OPC co...

  The Income Tax Slabs and Rates Present in FY 2020-21 The income tax is a special kind of tax that a person is bound to submit to the Income Tax Department for a particular financial year . The benefit that can be gained from the Government of India is now the IT return filing can be done online. The Income Tax Slab   The Indian Income Tax Department levies tax on individual taxpayers on the basis of the slab system after ITR filing online . The different tax rates and slabs are stipulated for the income of different groups of people. The special point about the income tax slab is the income tax slab changes with every budget. The income tax slab is also separate for different kinds of taxpayers.  The Income Tax categorises three kinds of Income Taxpayers: The resident and non-resident individuals whose age is less than 60 years. The resident senior citizens whose age is between 60 to 80 years. The resident super senior citizens whose age is more than 80 years. These ...

  What Is The New Revised Tax Return Deadline for August 2021? Do income tax return easily with the help of Online Legal India. Tax Audit Report in the procedure of Transfer value which is under Section 92E and last date has been expanded to   November 30, 2021 . Income Tax Return of person deadline has been enlarged to November 30, 2021. Tax Audit Report filing the extreme date is October 31, 2021.  It is necessary to file the income tax returns online for every   the registered taxpayer whose taxable income . Whatever paper returns can be put in place by those who are above 80 years of age and do not have any income from methodical business or profession. When Income Tax is Free? Discount of up to Rs 12,500 is obtainable under section 87A under both tax authorities. Thus, no income tax is outstanding for total  taxable income up to Rs 5 lakh  in both organizations. IT return filing is now hassle-free. What is The Process of a Beginner File a Tax Retu...

  How Can We Set up a Public Limited Company?  Digital Signature is mandatory. You also required a director identification number. You must register MCA portal. You must do a legal certificate for incorporation as per Companies House under the Companies Act 2006. Know The details of the benefit of the public limited company .  Which Thing Must Be Remembered for Public Limited Company?  If you have wanted to set up a public limited company you must remember you have a minimum of 7 shareholders and 3 directors. you must select the location and authorized capital of the company. Your share capital should be a minimum of 5 lakh INR according to The Companies Amendment Act, 2015. Online legal India has professional CA experts who can legally assist you for register public limited company registration . Which Legal Document did You Need to set Up Public Limited Company?  You must have 2 Directors and a company secretary. Anyone may buy their stock in a Public Limite...